social security benefits
fuzzyapple
9 years ago
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sushipup1
9 years agoPhoneLady
9 years agoRelated Discussions
Tax Rebates.....
Comments (1)No...it is not an "advance" on our next year's refund (if you even get a refund - many people don't), instead, it is pre-payment of a tax credit that is being applied to Y2008 taxes. Yes, for accounting purposes, this pre-payment will be listed as a tax credit on Y2008 tax form. Do not confuse a tax credit with a tax refund. A tax refund is when you have pre-paid more money for your tax bill (through estimated payments or payroll witholding), than you owe..that money is a refund. A tax credit is an amount that is subtracted from the taxes that you owe. The net result is that you will get the tax credit this year, instead of next. I hope this clears up the misunderstanding in this post....See MoreWhen to take Social Security?
Comments (2)Retirement appears less and less likely for many people. Wages have barely improved in decades and the cost of living is going up, tempting some people to retire overseas. It could be done, but there are a ton of plans one has to make first. One can always retire abroad for much less. It's good to think that Social Security still pays benefits to overseas retired persons, though taxes on that income in a new home country may apply as well as to the United States....See MoreSocial Security Payback Option may disappear
Comments (3)Don't believe everything you read in Kiplingers Magazine. . Has anyone seen anything in a national news broadcast or well-known Newspaper about this? It generally "pays" to take early Social Security (age 62,usually) unless you are working and have a big income. Collecting money from the government and then paying it back doesn't seem like a good strategy. Unless you sock it all away and get some decent interest on it first. Did you know Social Security even offers extra credit "delayed retirement credits" if you forego any payments between full retirement age (now66) and age 72?...See MoreNeed More 'Ants' -- And Higher-Income Jobs
Comments (24)All the talk about the "one percenters" has become a cliche. Think about it - whether everyone is rich, or everyone is poor, or everyone is exactly the same in the middle, there's always a top 1%. A bottom 10 percent too, and every percentile strata in-between. It's meaningless. But while where here, nothing that the most wealthy do or don't do is going to influence anyone's life. Unless you're talking about Bill Gates-type people who try to do good with what they have. But as with him and the others, you can really ignore them, most people have more important and interesting things to think about. To your comment, neither are unions inherently good. As a segment of society, probably none other has been more corrupt and law-breaking nor had more self-focused leaders in the past century. If you want to give that segment a big hug, go ahead. Hedge and private equity funds have put a lot of wealth in the pockets of little guys. Think about it, when they do a buyout, all selling shareholders benefit. People who have their own investments, or who have an interest in pension funds, are the ones who bank the profits. Yes, along with institutions too. So what, always plenty to go around. Those investment funds that your bad guys run are investing funds that come from university endowments, pension funds, and lots of other monies of nonprofit entities. They don't always hit home runs with their investments, far from it. Sears is a good example, it is a business from yesteryear that will die in the modern world. Wrong business, wrong place, wrong time. Not the investors' vault. They made a bet and picked the wrong horse, that's how it works. I agree with your last paragraph. The US has never had a robust system for trade education, and there's less now in most places than before. A good model to follow is Germany, with well defined (and funded) programs for those having other than an academic bent. The rules require businesses to hire a certain quota of interns and apprentices depending on their size. The larger the company, the more they need to hire and train. It works....See Moremaifleur01
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