Comments on: 5 easy pieces of Social Security advice, information and trivia http://blogs.reuters.com/reuters-wealth/2011/08/31/5-easy-pieces-of-social-security-advice-information-and-trivia/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: buddy7777777 http://blogs.reuters.com/reuters-wealth/2011/08/31/5-easy-pieces-of-social-security-advice-information-and-trivia/comment-page-1/#comment-8908 Sat, 24 Dec 2011 01:26:25 +0000 http://blogs.reuters.com/reuters-money/?p=19184#comment-8908 Why is obama and congress cutting social security tax when they know SS is in trouble? Why does the govt. keep robbing SS to fund give away programs to people who don’t want to work and are just looking for a hand out? When I was working I had to take a drug test in order to have a job. The same should be for people want food stamps,wic, unemployment and free housing. The govt. is giving SS to people all the illegals. Illegals can get meicade, I can’t. obama is giving this country away.

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By: MargoFL http://blogs.reuters.com/reuters-wealth/2011/08/31/5-easy-pieces-of-social-security-advice-information-and-trivia/comment-page-1/#comment-7954 Tue, 13 Sep 2011 18:40:31 +0000 http://blogs.reuters.com/reuters-money/?p=19184#comment-7954 I don’t understand why so many people don’t pay into social security such as government or state workers. My father was a teacher in MA and never paid into SS – he only paid into the state retirement program. The ones making the decisions in congress do not pay into the system in the first place – I think it puts them out of touch with the problem.

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By: vulcanalex http://blogs.reuters.com/reuters-wealth/2011/08/31/5-easy-pieces-of-social-security-advice-information-and-trivia/comment-page-1/#comment-7852 Fri, 02 Sep 2011 23:37:35 +0000 http://blogs.reuters.com/reuters-money/?p=19184#comment-7852 Answers follow

The income cap would be offset by potential higher payments for those who would pay it. I agree that it is a good idea especially if only raised for inflation. Apparently you don’t understand math as they pay the same percentage as you do and pay a lot more total money than lower paid folks.

Congress has spent the cash and issued Treasuries for the difference. It is my understanding that this would make no difference in the running out of money unless you assume that some other investment would pay more.

I was surprised that institution means testing would net so little due to the administration costs.

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By: Wassup http://blogs.reuters.com/reuters-wealth/2011/08/31/5-easy-pieces-of-social-security-advice-information-and-trivia/comment-page-1/#comment-7845 Fri, 02 Sep 2011 04:21:15 +0000 http://blogs.reuters.com/reuters-money/?p=19184#comment-7845 With all the “hoopla” regarding Social Security being about to go belly up, what is the truth without benefit of a political rejoinder by someone with an axe to grind? It is my understanding that SS would have always been self sustaining had it not been for Congress which has helped itself to an atrocious amount of the SS money over the years. Is this also the truth?

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By: bola http://blogs.reuters.com/reuters-wealth/2011/08/31/5-easy-pieces-of-social-security-advice-information-and-trivia/comment-page-1/#comment-7840 Thu, 01 Sep 2011 19:44:20 +0000 http://blogs.reuters.com/reuters-money/?p=19184#comment-7840 Can you please explain why it’s taking so long to simply raise the income cap for SS contributions? That seems like such an easy, immediate way to partially ensure that the fund remains solvent. And the cap hasn’t been changed in years!

I’ve never understood why upper income people who make more than $106K/year pay a lower percentage into Social Security than I and other lower-income people do.

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