Jump to content
Problems Logging On Read more... ×
rainymike

Social Security Benefits for Dependents

Recommended Posts

Jack Rat
8 hours ago, smokey said:

So if your and old fart like many of us and collect sss then hook up with a younger wife and have a baby ss will pay the baby plus the mom? USA is the best country in the world

Maybe this is part of the reason the US is seemingly in crisis. Too many sucking off the old cow...she's tired and running out of milk!!

  • Like 1

Share this post


Link to post
Share on other sites
enoonmai

Making smart ass comments in a chat room w/o knowing the facts is so easy some of you have made a 2nd or 3rd career out of it. 

SS benefits are funded by payroll taxes assessed to the employee. The employer contributes a matching amount. If you're self-employed you pay both amounts. Regardless, the benefit amount is based on what you contribute, it is not taxpayer-funded.

Share this post


Link to post
Share on other sites
Enuff
Making smart ass comments in a chat room w/o knowing the facts is so easy some of you have made a 2nd or 3rd career out of it. 
SS benefits are funded by payroll taxes assessed to the employee. The employer contributes a matching amount. If you're self-employed you pay both amounts. Regardless, the benefit amount is based on what you contribute, it is not taxpayer-funded.
That's 100% false. The amount you of your original disbursement is based on those figures. Add kids and caregivers after the fact wasn't planned for and should reflect directly. If you get $2000 a month and have kids and your kid gets $400, then you should only get $1600.

The benefits you are stealing were not meant for retirees to run off to 3rd world countries and repopulate, they were written to help retirees who were burdened with raising their children's children.

Soon this loophole will be closed and many will be left with kids and lifestyles they can no longer afford. And I for one will toast everyone crying.

Sent from my CPH1819 using Tapatalk

  • Like 1

Share this post


Link to post
Share on other sites
enoonmai
1 minute ago, Enuff said:

That's 100% false. The amount you of your original disbursement is based on those figures. Add kids and caregivers after the fact wasn't planned for and should reflect directly. If you get $2000 a month and have kids and your kid gets $400, then you should only get $1600.

The benefits you are stealing were not meant for retirees to run off to 3rd world countries and repopulate, they were written to help retirees who were burdened with raising their children's children.

Soon this loophole will be closed and many will be left with kids and lifestyles they can no longer afford. And I for one will toast everyone crying.

Sent from my CPH1819 using Tapatalk
 

Total BS. Of course if you were eligible you would probably be first in line to apply. Since it obviously bothers you, write your congressman, start a grass roots effort to change it. Or you could devote your life to gossiping in a chat room.  

Share this post


Link to post
Share on other sites
Jack Rat
26 minutes ago, enoonmai said:

Making smart ass comments in a chat room w/o knowing the facts is so easy some of you have made a 2nd or 3rd career out of it. 

SS benefits are funded by payroll taxes assessed to the employee. The employer contributes a matching amount. If you're self-employed you pay both amounts. Regardless, the benefit amount is based on what you contribute, it is not taxpayer-funded.

So you are saying, if the old cow goes belly up you will still get the benefit?

Share this post


Link to post
Share on other sites
Enuff
Total BS. Of course if you were eligible you would probably be first in line to apply. Since it obviously bothers you, write your congressman, start a grass roots effort to change it. Or you could devote your life to gossiping in a chat room.  
Trust me I have written my senators numerous times in regards to this blatant attempt to defraud the American people.

I'm 49 years old. Paying into Social Security since 14 and paying the maximum for the last 20+ years. Ill never draw s dime because of dumbass congressman making poor decisions and halfwit geriatric father's exploiting the loophole.

My father is 72 and is receiving $2800+ monthly and it goes up annually because he is still working and adding to his benefit. My uncle waited until 70 to draw a greater share of his investment.

I hope like fcuk they close the loophole quickly and then we will see have many newborn Fil-Ams are registered.

Sent from my CPH1819 using Tapatalk

Share this post


Link to post
Share on other sites
smokey
5 hours ago, enoonmai said:

Making smart ass comments in a chat room w/o knowing the facts is so easy some of you have made a 2nd or 3rd career out of it. 

SS benefits are funded by payroll taxes assessed to the employee. The employer contributes a matching amount. If you're self-employed you pay both amounts. Regardless, the benefit amount is based on what you contribute, it is not taxpayer-funded.

Oh please ss was never about retired guys having babies which i dont care about but gee someone is paying 

Share this post


Link to post
Share on other sites
rainymike
6 hours ago, enoonmai said:

Making smart ass comments in a chat room w/o knowing the facts is so easy some of you have made a 2nd or 3rd career out of it. 

SS benefits are funded by payroll taxes assessed to the employee. The employer contributes a matching amount. If you're self-employed you pay both amounts. Regardless, the benefit amount is based on what you contribute, it is not taxpayer-funded.

Don't let the naysayers drag you down. Us old farts have used up most of our lives already. Gotta keep moving forward with the time left, grabbing all the opportunities that come our way. Big mistake in my opinion is to develop a crab mentality and spending time trying to pull others down.

In any event, my opinion is that America needs babies to keep itself in good shape and remain competitive. So in my own patriotic way, I've put out two future taxpayers and ss contributors to help out the current generation. God bless America and Cialis. You're never too old to serve the homeland. My investment in kids should give back many times over what they will receive. 

Share this post


Link to post
Share on other sites
Salty Dog
21 minutes ago, rainymike said:

Don't let the naysayers drag you down. Us old farts have used up most of our lives already. Gotta keep moving forward with the time left, grabbing all the opportunities that come our way. Big mistake in my opinion is to develop a crab mentality and spending time trying to pull others down.

In any event, my opinion is that America needs babies to keep itself in good shape and remain competitive. So in my own patriotic way, I've put out two future taxpayers and ss contributors to help out the current generation. God bless America and Cialis. You're never too old to serve the homeland. My investment in kids should give back many times over what they will receive. 

See I told you we missed you. You have a way of looking at things that most of us never dreamed of...?

Share this post


Link to post
Share on other sites
Salty Dog

Everyone is entitled to their opinions. Just because you may not agree. It doesn't give you the right too attack them for stating theirs.

If some one doesn't agree and says so, that's okay. If they don't agree, but attack you personally, that's not okay. In other words. Saying you think it's FU for the government to pay SS to a child while the parents are working or already getting SS is acceptable. Saying some one is an a hole for doing it is unacceptable. 

These statements were inspired by out Statesman Mod Dafey... 

Share this post


Link to post
Share on other sites
Chris24

I'm an older parent but not that much older, it works out that when I start drawing SS, my son will be eligible for about six weeks before he ages out.  I'm planning to apply and maybe use the small amount of money to buy some crappy furniture for his college dorm room or something like that.  Morally I'm not one of the entitlement crowd (not judging), but I figure that for all the years SS has forced me and my employers to pay in (seven years of which was me on both sides), and then doing the math on what the SSA has given as a yield compared to what I'd have received investing those funds into even an average investment within an IRA or 401k over all those years, I don't begrudge anyone who's paid in over many years drawing some of their own SS back out by virtue of having children.  

  • Thanks 1

Share this post


Link to post
Share on other sites
Dafey
15 minutes ago, Chris24 said:

I'm planning to apply and maybe use the small amount of money to buy some crappy furniture for his college dorm room or something like that

You paid for it...it's basically your money...good for you.

My kids complain that they are still paying SS but will probably never collect. But...they tell me get all you can! they figure, as do I, we all payed into it, somebody better get some back!

Share this post


Link to post
Share on other sites
smokey
4 hours ago, Chris24 said:

I'm an older parent but not that much older, it works out that when I start drawing SS, my son will be eligible for about six weeks before he ages out.  I'm planning to apply and maybe use the small amount of money to buy some crappy furniture for his college dorm room or something like that.  Morally I'm not one of the entitlement crowd (not judging), but I figure that for all the years SS has forced me and my employers to pay in (seven years of which was me on both sides), and then doing the math on what the SSA has given as a yield compared to what I'd have received investing those funds into even an average investment within an IRA or 401k over all those years, I don't begrudge anyone who's paid in over many years drawing some of their own SS back out by virtue of having children.  

If you add up what you paid in and assum 10% growth you would still draw it out in 6 years. Loopholes some find them use them like earned income credit was not to reward marginal employed illegals with minor children living in mexico

Share this post


Link to post
Share on other sites
Chris24
15 minutes ago, smokey said:

If you add up what you paid in and assum 10% growth you would still draw it out in 6 years. Loopholes some find them use them like earned income credit was not to reward marginal employed illegals with minor children living in mexico

With regard to the first part, this weekend if I have time I'll do the math (or maybe someone can beat me to it) on what someone with a mid-range income of $50,000 over 40 years (Ok that's overstated in the early years and understated in the later years but in the ballpark) would have contributed, together with their employers, over that period, and then figure out the annual yield.  My point is that the "investment (and a forced one at that) will have yielded a whole heck of a lot less than anything else a retirement saver would have invested in.  If the government wants to force us to save for retirement they might at least force us (and our employers) to contribute to something that yields closer to a market rate.  My point is that the SS system is not a retirement savings system, it's a redistribution of wealth system.  If some older parents find a way to get back some of what has been taken from them (involuntarily), I'm not against that.

With regard to the second part, I agree that marginally employed illegals with minor children in Mexico should not be allowed to draw out more than their market yield-adjusted contributions. 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Adsbygoogle

    Advert

Announcements

  • Adsbygoogle

    Advert

×

Important Information

By using this site, you agree to our Terms of Use, Privacy Policy and Guidelines. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue..