Tag: Social Security

Social Security New Math: Who Loses? Everyone Loses!

Filed in Politics, Tax, Savings by on July 12, 2018 0 Comments
Social Security New Math: Who Loses? Everyone Loses!

I was one of many writing about Social Security’s New Math: Who Loses? Unlike others, I added Everyone Loses! I did so because Social Security and Medicare have always been Ponzi Schemes, far beyond anything even Madoff could envision. They never limit benefits based on income, assets and life expectency. Like Madoff, they simply use new money coming in to pay current benefits. Here is why we can now talk about Social Security’s New Math: Who Loses? Everyone Loses!

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Social Security Divorce Planner

Filed in Tax, Savings by on March 9, 2011 0 Comments
Social Security Divorce Planner

Here is a Social Security Divorce Planner. After a divorce, a spouse can get Social Security benefits on her former spose’s Social Security record, if the marriage lasted at least 10 years. She must be 62 or older and unmarried to collect. This will have no effect on the┬ábenefits he or she gets or the […]

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Social Security Buy Back DIED

Filed in Accounting, Business, Tax, Savings by on December 8, 2010 0 Comments
Social Security Buy Back DIED

On December 8, 2010, the very date I wrote about it, the Social Security Buy Back Died (meaning, it is no longer possible).

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Buy Social Security Benefits

Filed in Tax, Savings by on December 8, 2010 0 Comments
Buy Social Security Benefits

Tax changes often have unintended results. The Obama – Republican deal, extending the Bush tax cuts, should pass. It has a 2% reduction in 2011 Social Security taxes. You should use this to buy Social Security benefits.

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Social Security’s New Math: Who Loses? Everyone Loses!

Filed in Politics, Tax, Savings by on February 18, 2010 0 Comments
Social Security’s New Math: Who Loses? Everyone Loses!

Social Security’s new math: Who Loses? Everyone loses! I have long told clients that Social Security was a terrible investment. It took around 13 years to break if you delayed retirement from 62 to 65, not counting interest income. This changed little with gradually increasing age requirements. Social Security’s new math: Who loses? Everyone loses!

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