Comments on: Social Security – What You Need to Know About Benefits, Coverage, and Eligibility http://genxfinance.com/social-security-what-you-need-to-know-about-benefits-coverage-and-eligibility/ Helping a unique generation achieve financial independence. Fri, 25 May 2012 01:44:43 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: RecardoMandy http://genxfinance.com/social-security-what-you-need-to-know-about-benefits-coverage-and-eligibility/comment-page-1/#comment-503066 RecardoMandy Thu, 19 Apr 2012 22:54:24 +0000 http://genxfinance.com/?p=1926#comment-503066 my friend's step-mother got paid $15299 a week ago. she is working on the computer and bought a $532400 home. All she did was get fortunate and profit by the clues exposed on this web site lazycash23~com~ my friend’s step-mother got paid $15299 a week ago. she is working on the computer and bought a $532400 home. All she did was get fortunate and profit by the clues exposed on this web site lazycash23~com~

]]> By: Angie4224 http://genxfinance.com/social-security-what-you-need-to-know-about-benefits-coverage-and-eligibility/comment-page-1/#comment-502998 Angie4224 Tue, 27 Mar 2012 00:56:58 +0000 http://genxfinance.com/?p=1926#comment-502998 My questions - Generation X is still required to pay into Social Security, and if the program will be exhausted by 2041, they will receive none of what they paid into the program.  Why are they still required to pay into the program?  Whose bill are they paying?  Are they really required to make payment and to expect no return? My questions – Generation X is still required to pay into Social Security, and if the program will be exhausted by 2041, they will receive none of what they paid into the program.  Why are they still required to pay into the program?  Whose bill are they paying?  Are they really required to make payment and to expect no return?

]]> By: Julie http://genxfinance.com/social-security-what-you-need-to-know-about-benefits-coverage-and-eligibility/comment-page-1/#comment-233507 Julie Thu, 24 Mar 2011 22:51:25 +0000 http://genxfinance.com/?p=1926#comment-233507 Will someone explain to me when a person is vested and required to pay into a system for retirement and when retired the money the employee contributed is taken out first and if you die in those 3 yrs (which they will deplete what the employee has paid in ) the matching amout will never be paid to beneficiaries. So why would I be excited if they match more than me if no one can really benefit if I die? What is very upsetting is they make you contribute but if I had put my money somewhere else, my beneficiaries would get mine and the match. This should be outlawed. I think this deal is them planning on you dying the first three years so they won't have to ever pay out the money. In other words, it is not mixed until your money runs out and tough if you die, as no one is going to get the rest of the so-called match. Will someone explain to me when a person is vested and required to pay into a system for retirement and when retired the money the employee contributed is taken out first and if you die in those 3 yrs (which they will deplete what the employee has paid in ) the matching amout will never be paid to beneficiaries. So why would I be excited if they match more than me if no one can really benefit if I die? What is very upsetting is they make you contribute but if I had put my money somewhere else, my beneficiaries would get mine and the match. This should be outlawed. I think this deal is them planning on you dying the first three years so they won’t have to ever pay out the money. In other words, it is not mixed until your money runs out and tough if you die, as no one is going to get the rest of the so-called match.

]]> By: Julie http://genxfinance.com/social-security-what-you-need-to-know-about-benefits-coverage-and-eligibility/comment-page-1/#comment-233506 Julie Thu, 24 Mar 2011 22:46:36 +0000 http://genxfinance.com/?p=1926#comment-233506 I am almost 64. It also makes me furious our ss is not secure and the fund should never have been tapped into. The taxes we all pay are very high and not fair those before us get a full % and those now continue to get less and less. Rent for seniors needs to be adjusted as well. The limit is too low for those of us who cannot afford rent that keeps rising at an owner's whim just because they can get it. I do not want to impose on my children who already will have it harder than my generation. Sometimes, I just want to sit down and cry over what has happened. I look at Fannie and Freddie, those who made horrible decisions and the federal government bails out these but not all the hard-working people like myself who have paid into the system since 18 yrs old, did not take welfare and who now will pay the price for bad management by the government. This is unacceptable. We must vote in a president who knows business and how to manage a budget and stop welfare. The poor and needy I do support but not freeloaders. Get an oversight committee and go after those who can work but choose to milk the system. Do it now. I am almost 64. It also makes me furious our ss is not secure and the fund should never have been tapped into. The taxes we all pay are very high and not fair those before us get a full % and those now continue to get less and less. Rent for seniors needs to be adjusted as well. The limit is too low for those of us who cannot afford rent that keeps rising at an owner’s whim just because they can get it. I do not want to impose on my children who already will have it harder than my generation. Sometimes, I just want to sit down and cry over what has happened. I look at Fannie and Freddie, those who made horrible decisions and the federal government bails out these but not all the hard-working people like myself who have paid into the system since 18 yrs old, did not take welfare and who now will pay the price for bad management by the government. This is unacceptable. We must vote in a president who knows business and how to manage a budget and stop welfare. The poor and needy I do support but not freeloaders. Get an oversight committee and go after those who can work but choose to milk the system. Do it now.

]]> By: Edwin @ Cash The Checks http://genxfinance.com/social-security-what-you-need-to-know-about-benefits-coverage-and-eligibility/comment-page-1/#comment-232540 Edwin @ Cash The Checks Tue, 22 Mar 2011 23:35:54 +0000 http://genxfinance.com/?p=1926#comment-232540 If you're in your 20's and 30's, you better start saving for retirement right now because social security benefits aren't going to be enough. If you're lucky enough to have a job where your employer matches retirement benefits, do it and be grateful you have it while it lasts. If you’re in your 20′s and 30′s, you better start saving for retirement right now because social security benefits aren’t going to be enough. If you’re lucky enough to have a job where your employer matches retirement benefits, do it and be grateful you have it while it lasts.

]]> By: Nick http://genxfinance.com/social-security-what-you-need-to-know-about-benefits-coverage-and-eligibility/comment-page-1/#comment-146612 Nick Mon, 11 Oct 2010 11:56:44 +0000 http://genxfinance.com/?p=1926#comment-146612 Your second sentence says it all..."social security is flawed" it was flawed from the beginning and just like you said I'm not expecting a dime from it. No sense in relying on something that most likely won't be there. Your second sentence says it all…”social security is flawed” it was flawed from the beginning and just like you said I’m not expecting a dime from it. No sense in relying on something that most likely won’t be there.

]]> By: Claudia http://genxfinance.com/social-security-what-you-need-to-know-about-benefits-coverage-and-eligibility/comment-page-1/#comment-139556 Claudia Sat, 07 Aug 2010 19:40:57 +0000 http://genxfinance.com/?p=1926#comment-139556 I am 55 and my husband is 65. He's on social security and a pension. Can he claim my benefits even though I'm not at retirement age yet? I ask this as my benefits are much higher than his even though I'm younger because I paid into it longer. Social Social Security says NO because I'm not retired yet, although other people are saying yes I can. HELP! I am 55 and my husband is 65. He’s on social security and a pension. Can he claim my benefits even though I’m not at retirement age yet? I ask this as my benefits are much higher than his even though I’m younger because I paid into it longer. Social Social Security says NO because I’m not retired yet, although other people are saying yes I can. HELP!

]]> By: David M http://genxfinance.com/social-security-what-you-need-to-know-about-benefits-coverage-and-eligibility/comment-page-1/#comment-127202 David M Fri, 19 Feb 2010 16:07:21 +0000 http://genxfinance.com/?p=1926#comment-127202 Ed, Don't forget that for each year you work past, normal retirment age, you benefits will be increased by 8%. Thus, IMHO - "Normal Retirement Age" really does not mean anything. Prior to NRA causes a decrease and later than NRA to 70 causes an increase in benefits. Thus, retiring any time prior to 70 years of age decreases the maximum benefit you could qualify for. David Ed,

Don’t forget that for each year you work past, normal retirment age, you benefits will be increased by 8%.

Thus, IMHO – “Normal Retirement Age” really does not mean anything. Prior to NRA causes a decrease and later than NRA to 70 causes an increase in benefits.

Thus, retiring any time prior to 70 years of age decreases the maximum benefit you could qualify for.

David

]]> By: Ed Harris http://genxfinance.com/social-security-what-you-need-to-know-about-benefits-coverage-and-eligibility/comment-page-1/#comment-127201 Ed Harris Fri, 19 Feb 2010 15:58:22 +0000 http://genxfinance.com/?p=1926#comment-127201 Interesting. I'm 52 and I did not realize my normal retirement age is about 66 1/2. I guess I assumed it was about 69 or so. Maybe I'll just retire earlier than I thought...if the market recovers. Interesting. I’m 52 and I did not realize my normal retirement age is about 66 1/2. I guess I assumed it was about 69 or so. Maybe I’ll just retire earlier than I thought…if the market recovers.

]]> By: Ken http://genxfinance.com/social-security-what-you-need-to-know-about-benefits-coverage-and-eligibility/comment-page-1/#comment-126880 Ken Mon, 15 Feb 2010 20:06:11 +0000 http://genxfinance.com/?p=1926#comment-126880 This is the most complete post on social security I have ever read..hands down...my takeaway is that SS is very insecure and you're a fool to think this ALONE will take care of retirement needs. Great job! This is the most complete post on social security I have ever read..hands down…my takeaway is that SS is very insecure and you’re a fool to think this ALONE will take care of retirement needs. Great job!

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