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How can we protest Changing the FRA for future generations. We need to protest these changes, as our children and grandchildren need us to stand up for them now.
How about if they cut SS they should cut all government workers the same amount. We don't need half of them, way too many over paid Chiefs and not enough of them giving a full 8 hours work. If the government workers were as a public company they would have been out of Business years ago.
There is no "your" money like an individual retirement account. Social Security is a pay-as-you-go system where current workers pay taxes for the retirement benefits of current Social Security recipients. Thus it is an entitlement program subject to the whim of politicians. We are down to three workers for each retiree compared to thirty workers for each retiree. Sooner or later you run out of other people's money.
They want to raise the retirement age to the DEAD AGE. Republicans would rather we die before we retire than to tax their Billionaire buddies for hundreds of billions of dollars income each year that they pay Zero, yes ZERO, Social Security Taxes on. Most working class Americans pay Social Security tax on every penny they make all year long. Even Warren Buffet said if the RICH pay Social Security tax on all of their income the way the working class does, then Social Security and Medicare will be solvent well into the next 100 years without raising the retirement age or cutting benefits. REPUBLICANS REFUSE! NOT ONE Republican law in over a decade to make the wealthy pay SS tax on their income.
I really think the immigrant issue is a red herring. The government pits us against other “less than” people to keep us busy fighting. Don’t let yourself be distracted.
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris! Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies. Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way. Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE. I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
Democrats have proposed multiple bills to tax the ultra wealthy on every dollar of income they make, just like most of working class Americans pay. NOT ONE of the Trump Republicans will join them. Instead, it's the Trump Republicans who want to raise the retirement age to the DEAD AGE! Warren Buffet has said that Social Security would be saved well into the next 100 years if the Rich had to pay Social Security Taxes like the rest of us already do.
Yeah, and I never ever got a stimulus check or any other give away. In fact the irs limited my 401k contributions to 5% per year because of the bad decisions of hospital staff who didn’t participate. What does their decision have to do with me?
The biggest source of greed is found at the top, among the ultra-rich who buy off Republican Con Men who refuse to hold them accountable for paying Social Security on hundreds of billions of dollars of income they make, while working class Americans pay on every dollar we make. It appears that if the ultra rich want to buy a Republican, it can be done, and then there's Clarence Thomas. It looks like the more Republicans the ultra rich pay off, the more taxes the working class pay, and the more wealth that goes to the top 10%. They even make jokes with the billionaire President about firing employees and the pain that causes for these dedicated working class.
Social Security has certainly diminished their customer service. I tried for 2 hours to get in touch with a representative and never did get any answers. This is a disgrace.
Don’t believe what they tell you. They told me wrong until I got someone higher up. They were telling me I could not get Medicare part B because I got my Medicare part A only and kept working after 65 using my federal Blue Cross which was primary except hospital cost When I retired at 71 they told me no I could not get it. Two told me this. Finally I got some one higher up that knew I was right. I got Medicare Part B the same month I retired at 71. Many working there are not well trained and should not give out bad advice.
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! When Republicans slash Social Security funds they hurt all of us! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris! Seniors need to know the truth, because she is fighting for them too - she supports The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way. Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE. I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
Bush took money out , both bushes did I Clinton did, I think Obama did not for sure. 10, 000,000 million people border crossing. Are they getting. SS. Benefits?
ss buys govt bonds wiht the money. safe investment, unlike the stock market. then they cash them in as they need them. money goes into the general treasury, i think. they have not been collecting enough money.
@@oldbat4383 "unlike the stock market? What? Do you realize if just 1/10th of the funds were invested in a simple stock index fund, SS would be fully funded for 200 years?
We can have term limits on Congress; JUST STOP VOTING FOR SAME SENATOR THAT IN OFFICE....TAKE ALL GIFTS TO GIFTS AND MONEY FOR GENERAL FUND FROM LOBBY.
I live on 900 a month disabled .. they want to starve us out. Were no longer productive so kill us off .. but give it all to those boarder jumpers!!! 😢😢
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris! Seniors need to know the truth, because she is fighting for them too - she supports The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way. Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE. I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
There really needs to be a cleansing of Trump Republicans who are lying to us. Trump himself holds the record for most fact checked lies to the people of any president in our history. When they lie to us, and when they give trillion dollar tax breaks to billionaires who don't pay a fair share of the Social Security tax, it's unforgivable. These guys lie to us and tell us the problem is Seniors living to older ages. Then they want to cut our benefits and raise the age to the dead age. Seniors living older is NOT THE PROBLEM! Many Seniors already DIE before ever getting one penny of their benefits, and these Trump Republican want to raise the age even higher and cut our benefits. Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris! Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies. Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way. Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE. I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
But we sure do have more than enough money to send overseas to Ukraine and Israel...billions of dollars while our seniors are screwed out of the money we already paid in. I paid in for 49 years. Social Security is not an entitlement. I EARNED IT!
Correct, you are entitled to it. That word is often misused.... But the trust fund is still there...all accounted for. You can read the yearly Trustees Report for confirmation.
Ponzi scheme. Lets just get rid of it. You're robbing from your kids future. Rick Scott has an excellent plan. Every 5 yrs Congress will vote on if it should be continued. Personnel responsibility. You shouldn't depend on the gov to support you.
Don't blame it on Ukraine. The problem is and always has been the gradual decrease on the percentage of income the wealthy pay. In my lifetime there was a time when the wealthy paid more than 50% of their income on federal tax. Not really sure what they pay now. But I do know that there are so many tax shelters and breaks that I've seen happen in my life and it's infuriating to see the effect on average Americans. While you're at it, don't blame it on welfare or SNAP recipients because you'd really be surprised how little they receive. I know we all admire a self made millionaire story. But the percentage of their income which is taxed is much lower than a middle class couple. And that also infuriates me.
Ukraine and Israel are really small potatoes. Like Trump and his Republican Congress ran up a $7.8 Trillion deficit mostly on tax cuts going 80% to the upper 1% earners.
My solution is to cut Senate and House pay as well as payroll in government agencies. Cut benefits for illegals. Cut snap for those over 300 lbs. Cut government period.
Only legal residents may collect benefits... Social Security can only be paid for those who WORKED and PAID into ssa. Even Supplemental Security Income benefits may only be paid to elderly or disabled legal residents.
The United states Government is a Disgrace to the people, i am just glad i have already locked my benefits in early, i will just have to learn to live the rest of my life on what i get, it is enough to survive, but barely, at least i am not living off the welfare program, that would make me sick if i had to do that, i earned my SS retirement money and am dam proud to say that.
I worked my ass off and paid into the system as long as I could but I became disabled at the age of 45 so I did not get the benefit of the maximum Social Security benefit. I am only getting a total of $960 split between Social Security disability and SSI and it is definitely not enough to survive! I need a raise .. no one should be living underneath the positive level on less than minimum wage!
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris! Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies. Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way. Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE. I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
I agree with you! There should be no tax on SS. Trump has stated “there will be no tax on SS if I am elected”. I’m voting for him just based on that. (Well, not only that. I’m sick of inflation and all the wars)
@@fayejordan175 But neither has a plan on how to replace the no taxes on social security. Taxes is what fills the SS bucket for those retiring. They can say what they want but they don't want to explain how they will fill the SS bucket. No Plan then stop promising something that is a half a thought.
@@laurie6332 I have way more confidence in Trump finding a way, than Kamala. Kamala hasn’t said she is in favor of no tax on social security anyway. She will break it supporting illegals. There are a bazillion reasons not to vote for Kamala.
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris! Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies. Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way. Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE. I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
Some seniors are barely getting by. Cut their pay 13% and they're in real trouble. If you get $1,000 a month, that'll cut your check $130 per month. With insurance and utilities rates soaring, many will be in serious trouble.
True. But did you know that when the program was first started life expectancy was 64. Retirement age was set at 65. Let that sink in. They did not intend for a fair share of the population recipients to live long enough to collect much if any. If they started the program today full retirement would be set at 78. So to take our eyes off the looming short fall they decided to magnanimously passed legislation allowing for IRAs, 401k and similar plans to encourage people to save money. I don’t recall if they set up a separate federal employee retirement plan at that time, or if it came later. I believe that plan is more generous than SS.
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris! Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies. Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way. Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE. I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris! Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies. Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way. Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE. I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
If their mission benefits the diabolically evil?😈party. Why wouldn't they-???🤔Keep in mind the following. Deceit/dishonesty/puedo propaganda in politics. Have their set of advantages-!!!🤗
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris! Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies. Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way. Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE. I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
Better make sure you know the truth and vote for the person willing to give up his wealth to save our country instead of the person willing to give up OUR country to save her own wealth
"A 13% cut and any cut is theft. Americans are owed more based on profits v. expenses for the country. This is the one program that should never be cut, taxed,etc. Where does the cut go? Who is/was the main supporter and followers of this racket?
Project 2025 authors have endorsed and supported plans to cut Social Security by raising the retirement age, and their ideas can be found in the two most recent budget proposals put forth by conservative U.S. House Republicans - both of which sought to increase the Social Security retirement age from 67 to 69.
The taxation of social security benefits is one of the most egregious parts of the tax law. The $25,000 (single) and $32,000 (married) income thresholds where taxation starts has never changed since taxation started in 1984 or so. Inflation-adjusted that would be $75,000+ and 96,000+ respectively in today’s dollars. If they don’t eliminate taxation on SSB’s entirely, it should at least be indexed to inflation each year.
I doubt the income tax raised by taxing social security has been used to save Medicare or social security funds. Probably just went into the general fund.
Total agree with raising the cut off earnings for taxable social security. . And the max percentage should be only 50%. We already paid taxes on the employee side of the social security contributions when we paid them! They always seem to figure out ways to reduce benefits or claim back a portion your earned benefit. Evil!
These changes, and rate hikes happened in the 80s. I was in my early 20s. As a post 1954 boomer, we’re were hit by the rampant inflation of the late 70s & 80s, when we entered the workforce and struggled with near poverty just paying rent and groceries, let alone, trying to buy a house. The point being, who at that age and condition was thinking about retirement?
If you don't know about Proyect 2025 they will cut your Social Security payment. That's the great idea of Trump and his friends and Republicans Judges in the Supreme Court that pass Proyect 2025 is not only your Social Security that be taken from you is Medicare, Medicaid etc. Just read about it. Seniors Citizens should be piss. But don't get mad get even.
Thank you so much for your wisdom, clearly stated, never patronizing, always helpful (and your analogies are helpful, often appropriately humorous and spot on!
The Socialist Democratic Party is The Government Control Communist!! They spend Our American People ' s Money! Cut Their Money To Special Interest Groups , Illegals, and Wars !!
All I can say is THANK YOU so much! I am so grateful I found your videos and your channel. You have really helped me so much. I appreciate your knowledge and you share it so easily for everyone to understand. I will be sharing your site with many others too. Be blessed!
Why is it that whenever Congress passes new spending, nobody asks, "How are you going to pay for that?" But whenever anyone suggests going back to not taxing social security, everyone screams, "How are we going to pay for it?"
Trump Republicans gave their Oligarch buddies a 2 Trillion Dollar tax break and then tried to pay for it with cuts to Senior SS benefits and tried to raise our retirement age to the DEAD AGE! The only thing that stopped them was DEMOCRATS. Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris! Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies. Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way. Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE. I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history! We need a cleansing of Trump Republicans who want to stick it to the elderly and the working class. Then these SAME TRUMP Republicans blame Ukraine, Workers living too long, Immigrants, and anything else they can throw at us as a smoke screen to keep us from seeing the REAL TRUTH!
You pay Federal Tax on Social Security (up to 85% can be taxed) depending on how much you make. You do not pay FICA tax on Social Security Earnings. So none of the tax on social security flows to the FICA trust. (which is a myth because Congress will not leave the funds in a trust they spend it)
Maddening. There should not be a separate fund! Government employees need to be in the same fund as the general working public. These extreme benefits is why they never leave politics and become leeches.
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris! Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies. Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way. Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE. I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
Totally agree Dr Weir. As mentioned in a previous comment, with triple attack of the 13.7% decrease related to the FRA age change, the lack of colas keeping up with true costs, and the taxing of 50% to 85% of social security due to the income limit still back at 1983 levels. With these three items, I figure at least a 25% drop in social security check purchasing power compared to my parents, grandparents. Another issue is with the raise of minuimum wages. Used to be a Social security check was roughly equal to a minimum wage job. Now with minimum wage doubling, and social security checks no increasing proportionally. Recipients of social security checks are harmed. Prices around them got up and up. Such that a social security check is worth less than half of a minimum wage job. Can you do a video post discussing this disparity? Thanks. It’s no wonder retirees are having a hard time living on their checks. Capitalistic society simply isn’t built so everyone has abundant 401k balances. Their will always be the top tier population and by normal distribution, there will always be the bottom tier population Sad but true.
The income tax on SS benefits was originally designed to affect only high earners, but it was not indexed for inflation and now affects very average individuals. It needs to be eliminated or at least indexed to inflation going backward to when it was originated. The best way to keep SS solvent is charge the FICA on ALL earned income and to non-earned income such as capital gains and tax shelter income over the median for all individuals and index that for inflation. It may be hard to to figure it out, but it might even be possible then to lower the tax rate.
Born in 1953. Had been designated disabled, but when my husband passed away in 2016, benefits changed to spousal. I have no other income, but a small pension he had.
I did a google search and I found if the tax cap was removed completely only 5% wage earners would be affected yet by removing the tax cap it would maintain social security benefits intact for decades.
I just started getting SS this past September. Once they automatically take my Medicare payment out, and I pay my RX co-pays… my monthly check doesn’t even come close to a supplemental income. The only reason I’m not that worried is based on my family’s history I most likely don’t have a long life expectancy. The golden years suck!
What do you think is happening to the current workers paying for your benefits? More of their income is subject to FICA r=taxes and they did not receive the same COLA increases in their jobs and they also have increases in health care costs.
@@williamrogers1219 Is this a serious question? I stated working at age 15 years old until I was 66 years, and 6 months, and had the maximum income taken out to pay for my SS benefits. During that time the laws changed and I also had to wait longer for full retirement age. I paid into SS which went to the previous generation so they could collect, and now when I qualify someone is asking me about the coverage for the younger working generation’s future benefits. Unlike a large % of people young, and old I knew SS was just supplement income for retirement, so I gave up a lot of things to save while many others blow their money to have fun. People need to be more fiscally responsible, and get involved in politics if they are concerned about their future benefits.
@@williamrogers1219 No one is paying for my benefits. I worked for over 40 yrs and contributed the maximum amount to SS until Full retirement age, which was increased so that there would be money for the previous generation. Unlike so many, I also made a lot of sacrifices over the years to save money knowing full well that SS was only supplement income, while I watched people of all ages burn through their money so they could have fun. I think the current generation is well aware of the problems with SS so they should start saving little by little investing, and also become more active in politics. Just a little advice…don’t tell a senior citizen that has worked their entire life since they were a teenager, and paid towards SS that someone else is paying for their benefits…it just makes you sound bitter, and ignorant.
Dr. Ed, you are a gem and have the patience of Job x six. I have to remember not to read your comment sections and only attend the livestream. I feel I lost too many brain cells reading most of the misinformation here in teh comment section today. Keep up the good work, please!
@clagueb3686 Raise the cap. This means those making over $400,000 also have that income taxed for FICA. This is the democrat proposal. Republicans want smaller government. That always means decreasing or eliminating benefits, agencies and programs. Their plan is to allow corporate America to manage Social Security, Medicare and the US postal service, to name just a few. We can see these changes already with Medicare Advantage plans frustrating consumers and the significant negative changes to the post office since DeJoy was installed.
Raise the cap. It’s ridiculous to have it capped at 160k. If the wealthiest people pay their share we will be fine. Guess who lives longer? Yep it’s higher income recipients.
What makes my blood boils is i was married to a abuser for35 yrs he passed i antdraw nothing until im 60 im 57 now i need the money to live on now shame on our government
Or, or, or if the current work force were to have earnings inflation adjusted to 1990s equivalent their FICA withholdings would be more supportive of the COLA adjusted SS benefits. I realize worker pay is a private sector issue that isn’t a legislative issue EXCEPT if Federal Minimum Wage was inflation adjusted to catch up with losses since the 90s it would indirectly cause push ups in higher level jobs.
Question: born after 1960... if you receive ssdi and SSI, regarding retirement; what should you expect ( the long version of possible) Thanks in advance
If this happens...and there's not millions of us, MILLIONS OF US!, marching in DC, opposing this, then we do not deserve the miserable amount of money we get even now!!!!!!!!!!!!!!!!!!!!
Threaten to vote them out if they don't undo it. Stop whining about it and vote out any incumbent (current senator or representative). They have plenty of money for Ukraine and illegal alien benefits.
Let me tell you something about COLA. Let's say we are due for a 10% increase. When they raise your wage, they also raise your medicare premium which usually cuts your raise in half. That's correct. 10% becomes 5%
They can save ss by taxing H1B visa holders (taking American jobs) to 100% of their salary.Also CONgress needs to Replace the money that they already stole.
So thankful for you show Dr. Ed. I'm still working(69yo). I have Medicare part A. When do I need to apply for B,D and what are costs. Not sure when I'm retiring. I haven't stared taking SS yet.
Once you stop receiving health insurance from current work, enroll in Part B and give us a call, and I'll have my team go over all your options. 888-817-0446 (2-3 months before is best).
In the United States we are allowed to retire at the age of 62 but we are not allowed access to Medicare or Medicade until the age of 65. At what point in time is this issue going to be addressed?
I turned 65 this year, and planned to work 5 more years. Now I got laid off , had severance pay for 6 weeks ,Now I applied for unemployment, the max amt won’t even cover my mortgage - can I take social security too or should I wait ? While I look for work ( I’m divorced and have no other income ) I dont want to lose my home😮
Yes, you can definitely apply for Social Security benefits too. And you need to get enrolled in Medicare and a Medicare plan. Email me your name, phone number, city/state, and I'll have one of my Medicare insurance brokers give you a call and go over all your options. Ed@mygovexpert.com
I was born in September 1958. My husband died in April 2020. He was born in February 1953. He was on SSDI at his time of death. I began receiving survivor benefits after his death. I believe you said my full retirement age is 66 years 8 months. Should I check with SSA at my full retirement age to find out if I should change to my retirement depending on which is larger? Also, I was previously married for 12 years; however, I was told that I would receive less filing on his SS than my late husband's (at 71%), and I could not collect on both.
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How can you call something a cut that you have not even received? In government speak, cuts are defined as reductions in desired increases in the federal budget, instead of an agency getting a 10% increase in their budget they got last year, and this year they only get a 5% increase, their budget was cut in their definition.
I'm on survival benefits from my husband's SSDI amount. He was born in 1957, so does that mean that they will go off his amount, and I won't have the 13% cut? Or will they go by the fact that I was born in 1961 and take the 13%? Sandy
Yes!I agree with one of the ones that made a statement, that if they stop giving our 💰 money to these other countries we would have the funds needed for our benefits🤔!
I am confused. If you are born before 1960 (e.g. 1956) your FRA is 66 and 4 months but you start collecting SS at 70, what happens? And if you continue to work till 72, what happens?
I will be 65 in March 2025. I need the insurance.Will be applying this Dec 2024. I also plan to continue working until my wheels fall off. I make $39,000 a year. I can't live off ss alone. I know I am going to be penalized for going over the limit but I have no other choice. I have worked forty plus years. So unfair 😡
Some companies file bankruptcy and long time workers lose their retirement. The only money they have is social security and a small amount from the government Pension benefit guarantor corporation. How can people live and have health care. Most people never earned enough to save.
What cap for disability benefits are you referring to? I’m 53 and on Disability. I Have 34 out of 35 years with 3 years unaccounted for throughout my career that were never reported and I know that I filed!
Dr Ed I am 64 and I have SSI and ssa but they say that I do not qualify for medicare, I have been on disability for 5years, I am one who has absolutely no trust in our government, so please tell me if I'm okay
Those making over $137,000 per year don't pay anything on earnings over that amount! We pay on every dollar we earn! I'm more concerned about those earning millions and all most all of their "earnings" not being taxed. And what about all those with off shore tax heaven accounts!
@billyboy969 SS was designed as a social insurance program. You pay a certain premium, and your benefits will be based on that. It's not a general tax fund where the benefits for each are determined by Congress each year. SS is a safety net income for retirement. Obviously, the rich will have other resources of their own. That is why their participation is limited. It would also be costly to the employer to match those contributions. There are bend points in the calculations, like brackets in income taxes, so that the more affluent will actually get comparatively less return on each dollar they contribute. They are also federally taxed more for their benefits.
@@SandfordSmythe at this point I'm beginning to think you are poperiously being deceptive -Social Security is a transfer of wealth to the wealthy from the poor , be it shorter life span or whatever. I don't believe we should do away with it, it's what the poor depend on. Just the LOGICAL correction I first posted. It's a regressive tax under the guise of progressive tax.
@@SandfordSmythe maximum monthly benefits is $9,746 for 2024! I'd have to work nearly 10 jobs to EARN that much, and of course there is not anywhere near enough hours in a month for me to do that!
I took benefits at 62. 12 recorded yrs. Of work.Spouse, six mos. Younger, 45 yr work history,went on short term disability at 63.Started 2 yrs. Long-term 6 mos. Later in conjunction with the ssdi application I filed.developed adult failure to thrive and survived without sustance for 544 days..Won her ssdi award 2 days before death.Backpay from Feb 24 to Dec. 22 w/ begin date of June 22. Minus the 5 mo. Penalty.Originally denied for the remarry before 60 deal.We married 78 to 86. Again 2000 to 2024.Exception !¡ If given spousal, do I get penalized the 5 mos.like she or does it begin at June 22 instead of Dec. Thanks. Your da best;;
I've been disabled for 25 years already now I'm 63 I've lived on this low amount of money which is no where near enough money under 1,000 a month could you live have a car and eat pay rent go to the drs please think my life has been so empty and I'm so poor is sad the government isn't helping me😊
Hi Dr Weir, I got on disability in my 50’s and I ended up having about 6 surgeries, stayed in the hospital many days. What I wanted to ask you about is, I just heard if you have any money when you die you have to pay Medicaid back all the money they spent on you, is this true?
@@jody4270 WOW, that's another can of worms. Sorry to hear you went through all that. I don't think that could be true. If you're dead you're dead. If it is true, it's ridiculous.
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How can we protest Changing the FRA for future generations. We need to protest these changes, as our children and grandchildren need us to stand up for them now.
😢G
Are there any proposals out there to mandate that illegal immigrants CANNOT receive Social Security benefits?
What is the cost of talking with you on the phone?
This is not a benefit!! This is our money taken by forced deductions!! It’s our money!!! How about CONGRESS TAKE 13% CUT.
Definition of benefit: a payment made by the state or an insurance program to someone entitled to receive it.
How about if they cut SS they should cut all government workers the same amount. We don't need half of them, way too many over paid Chiefs and not enough of them giving a full 8 hours work. If the government workers were as a public company they would have been out of Business years ago.
There is no "your" money like an individual retirement account. Social Security is a pay-as-you-go system where current workers pay taxes for the retirement benefits of current Social Security recipients. Thus it is an entitlement program subject to the whim of politicians. We are down to three workers for each retiree compared to thirty workers for each retiree. Sooner or later you run out of other people's money.
Exactly 💯 instead of giving themselves raises
@@williamrogers1219 Exactly! It's a Ponzi scheme, like all socialist programs.
That’s our money and they need to keep their greedy hands off of it!!!
I'm going to burst your ( BUBBLE )😳.Those crooks never have & never will-!!!.. They know what's best-!!!😉 you " Serfs " don't-!!!😉
They want to raise the retirement age to the DEAD AGE. Republicans would rather we die before we retire than to tax their Billionaire buddies for hundreds of billions of dollars income each year that they pay Zero, yes ZERO, Social Security Taxes on. Most working class Americans pay Social Security tax on every penny they make all year long. Even Warren Buffet said if the RICH pay Social Security tax on all of their income the way the working class does, then Social Security and Medicare will be solvent well into the next 100 years without raising the retirement age or cutting benefits. REPUBLICANS REFUSE! NOT ONE Republican law in over a decade to make the wealthy pay SS tax on their income.
scotus ruled in the early 60s that it is a tax. not a retirement plan. a tax.
we need a class action lawsuit. The government gives immigrants more than citizens.
ua-cam.com/users/liveOwj_21SueBA?feature=share
Reality Xheck its free for all people knew real truth they ve shocked who getting kittke they do get social securty are screwed
I really think the immigrant issue is a red herring. The government pits us against other “less than” people to keep us busy fighting. Don’t let yourself be distracted.
We need our wives to use common sense on November 5th.
So true and it's bull shit
Yeah, !!!!!! how about politicans take a 13% cut, this is our money taken by force ;0
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris!
Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies.
Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way.
Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE.
I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
I worked 44 years !!!
They better not cut me !!!!
Fire the Washinton Pollititions!!!
Take away everyhing from Congress NOW
Amen ,Totaly Agree
And once Trump gets in he'll, take the rest before you ever get a chance to receive it.
Democrats have proposed multiple bills to tax the ultra wealthy on every dollar of income they make, just like most of working class Americans pay. NOT ONE of the Trump Republicans will join them. Instead, it's the Trump Republicans who want to raise the retirement age to the DEAD AGE! Warren Buffet has said that Social Security would be saved well into the next 100 years if the Rich had to pay Social Security Taxes like the rest of us already do.
we should just all stop paying taxes
Yeah, and I never ever got a stimulus check or any other give away. In fact the irs limited my 401k contributions to 5% per year because of the bad decisions of hospital staff who didn’t participate. What does their decision have to do with me?
I'm so sick of the greed and stupidity in this country...
💯✅️💯✅️
and financial mismanagement!
Illegal immigrants get more money than the security benefit
The biggest source of greed is found at the top, among the ultra-rich who buy off Republican Con Men who refuse to hold them accountable for paying Social Security on hundreds of billions of dollars of income they make, while working class Americans pay on every dollar we make. It appears that if the ultra rich want to buy a Republican, it can be done, and then there's Clarence Thomas. It looks like the more Republicans the ultra rich pay off, the more taxes the working class pay, and the more wealth that goes to the top 10%. They even make jokes with the billionaire President about firing employees and the pain that causes for these dedicated working class.
Guess which party wants to raise the retirement age to 70. It’s not liberals.
Social Security has certainly diminished their customer service. I tried for 2 hours to get in touch with a representative and never did get any answers. This is a disgrace.
Don’t believe what they tell you. They told me wrong until I got someone higher up. They were telling me I could not get Medicare part B because I got my Medicare part A only and kept working after 65 using my federal Blue Cross which was primary except hospital cost When I retired at 71 they told me no I could not get it. Two told me this. Finally I got some one higher up that knew I was right. I got Medicare Part B the same month I retired at 71. Many working there are not well trained and should not give out bad advice.
Monday was a Holiday if you tried on Monday, Tuesday might be best to get through.
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! When Republicans slash Social Security funds they hurt all of us! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris!
Seniors need to know the truth, because she is fighting for them too - she supports The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income.
Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way.
Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE.
I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
They should not be proud of their phone numbers who give us nothing but automated messages.
@@lindahammond7759 My friend had a similar problem. She got 3 different answers from 3 different people on the phone.
Government needs to stop dipping into the FICA account like it was a piggy bank
So, what else is new-??? Since (S.S.) was signed into law by marxist democratic😈 dictator (FDR). Became a convenient dipping well-!!! 🤗
"Dipping"? Its too late. Its all gone. It was gone decades ago. SSA has nothing but IOU's from Congress in file cabinets.
Bush took money out , both bushes did I Clinton did, I think Obama did not for sure. 10, 000,000 million people border crossing. Are they getting. SS. Benefits?
ss buys govt bonds wiht the money. safe investment, unlike the stock market. then they cash them in as they need them. money goes into the general treasury, i think. they have not been collecting enough money.
@@oldbat4383 "unlike the stock market? What? Do you realize if just 1/10th of the funds were invested in a simple stock index fund, SS would be fully funded for 200 years?
That’s why we need term limits on Congress and Senate, and take money, gifts, etc out of lobbying.
We need to dump out the White House and put term limits and age limits on all of them imo AND get the lobbyists out of Washington too.
We can have term limits on Congress; JUST STOP VOTING FOR SAME SENATOR THAT IN OFFICE....TAKE ALL GIFTS TO GIFTS AND MONEY FOR GENERAL FUND FROM LOBBY.
Get out & vote Nov 5
Vote for action for the elderly, stop cutting
Benefits & money
I live on 900 a month disabled .. they want to starve us out. Were no longer productive so kill us off .. but give it all to those boarder jumpers!!! 😢😢
true
Trump is the cutting ssa fool!
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris!
Seniors need to know the truth, because she is fighting for them too - she supports The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income.
Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way.
Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE.
I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
Not true. Non citizens do NOT receive SSA benefits.
@@carringtonherrington4025 Maga Misinformation Trump live on lies!
Hey, give us a lawyer name that will take a class action suit.
There should be a grandfather suit.
There really needs to be a cleansing of Trump Republicans who are lying to us. Trump himself holds the record for most fact checked lies to the people of any president in our history. When they lie to us, and when they give trillion dollar tax breaks to billionaires who don't pay a fair share of the Social Security tax, it's unforgivable. These guys lie to us and tell us the problem is Seniors living to older ages. Then they want to cut our benefits and raise the age to the dead age. Seniors living older is NOT THE PROBLEM! Many Seniors already DIE before ever getting one penny of their benefits, and these Trump Republican want to raise the age even higher and cut our benefits.
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris!
Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies.
Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way.
Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE.
I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
But we sure do have more than enough money to send overseas to Ukraine and Israel...billions of dollars while our seniors are screwed out of the money we already paid in. I paid in for 49 years. Social Security is not an entitlement. I EARNED IT!
Correct, you are entitled to it. That word is often misused.... But the trust fund is still there...all accounted for. You can read the yearly Trustees Report for confirmation.
Ponzi scheme. Lets just get rid of it. You're robbing from your kids future. Rick Scott has an excellent plan. Every 5 yrs Congress will vote on if it should be continued.
Personnel responsibility. You shouldn't depend on the gov to support you.
Cut the Congress pay. In a hurry.
Don't blame it on Ukraine. The problem is and always has been the gradual decrease on the percentage of income the wealthy pay. In my lifetime there was a time when the wealthy paid more than 50% of their income on federal tax. Not really sure what they pay now. But I do know that there are so many tax shelters and breaks that I've seen happen in my life and it's infuriating to see the effect on average Americans. While you're at it, don't blame it on welfare or SNAP recipients because you'd really be surprised how little they receive.
I know we all admire a self made millionaire story. But the percentage of their income which is taxed is much lower than a middle class couple. And that also infuriates me.
Ukraine and Israel are really small potatoes. Like Trump and his Republican Congress ran up a $7.8 Trillion deficit mostly on tax cuts going 80% to the upper 1% earners.
My solution is to cut Senate and House pay as well as payroll in government agencies. Cut benefits for illegals. Cut snap for those over 300 lbs. Cut government period.
Only legal residents may collect benefits... Social Security can only be paid for those who WORKED and PAID into ssa. Even Supplemental Security Income benefits may only be paid to elderly or disabled legal residents.
Then why are illegal aliens getting benefits@@Poughdg
I’d like to see cutting of the government subsidies to big oil
Sr. Citizens should retire @ the required age limits and not when they work as long they wish & collect $80+ in S.S
@@michelle7mostandardschnauz192right on. Then gasoline can be $15/gal.
The United states Government is a Disgrace to the people, i am just glad i have already locked my benefits in early, i will just have to learn to live the rest of my life on what i get, it is enough to survive, but barely, at least i am not living off the welfare program, that would make me sick if i had to do that, i earned my SS retirement money and am dam proud to say that.
Yep ditto i am doing the same and proud.
I worked my ass off and paid into the system as long as I could but I became disabled at the age of 45 so I did not get the benefit of the maximum Social Security benefit. I am only getting a total of $960 split between Social Security disability and SSI and it is definitely not enough to survive! I need a raise .. no one should be living underneath the positive level on less than minimum wage!
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris!
Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies.
Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way.
Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE.
I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
Born 1960🫨⏰ my husband just passed and my vision of the future is totally shattered. 🙏🏼☔️👀
Right now I am paying income tax for my social security benefits. That is not fair.
I agree with you! There should be no tax on SS. Trump has stated “there will be no tax on SS if I am elected”. I’m voting for him just based on that. (Well, not only that. I’m sick of inflation and all the wars)
@@fayejordan175 But neither has a plan on how to replace the no taxes on social security. Taxes is what fills the SS bucket for those retiring. They can say what they want but they don't want to explain how they will fill the SS bucket. No Plan then stop promising something that is a half a thought.
@@laurie6332 I have way more confidence in Trump finding a way, than Kamala. Kamala hasn’t said she is in favor of no tax on social security anyway. She will break it supporting illegals. There are a bazillion reasons not to vote for Kamala.
@@fayejordan175Read Project 2025. Reduce SS by 25%. Privitize medicare(no longer processed thru the govt) So go ahead and vote for trump.
Vote trump he wants no tax on SS, Harris wants to take from SS lock box to give to illegal aliens
Not fair , I just got a raise in 24 I’m now 78 it takes it all to live and more.
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris!
Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies.
Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way.
Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE.
I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
Some seniors are barely getting by. Cut their pay 13% and they're in real trouble. If you get $1,000 a month, that'll cut your check $130 per month. With insurance and utilities rates soaring, many will be in serious trouble.
I am a senior, it makes me sad that my forty year old children don't think social security will be there for them when they get old.
True. But did you know that when the program was first started life expectancy was 64. Retirement age was set at 65. Let that sink in. They did not intend for a fair share of the population recipients to live long enough to collect much if any. If they started the program today full retirement would be set at 78.
So to take our eyes off the looming short fall they decided to magnanimously passed legislation allowing for IRAs, 401k and similar plans to encourage people to save money.
I don’t recall if they set up a separate federal employee retirement plan at that time, or if it came later. I believe that plan is more generous than SS.
@@larrywaltman3916 My dad and my husband died at 69.
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris!
Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies.
Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way.
Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE.
I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
If those millionaire politicians paid their taxes like we do, maybe we wouldn't be in this mess.
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris!
Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies.
Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way.
Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE.
I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
Those who are in power do all that they can to attack every aspect of humanity!
If their mission benefits the diabolically evil?😈party. Why wouldn't they-???🤔Keep in mind the following. Deceit/dishonesty/puedo propaganda in politics. Have their set of advantages-!!!🤗
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris!
Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies.
Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way.
Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE.
I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
Wow fantastic !!!!!!! So everyone can be homeless.
Social Security is an entity we payed into.this
And homelessness is now a crime! 🤬
😢 I'm like that to a three people wrote up we need all file class action lawsuit
Don't forget the money that they give to non citizens !
Better make sure you know the truth and vote for the person willing to give up his wealth to save our country instead of the person willing to give up OUR country to save her own wealth
If the non-citizens worked and PAID Social Security TAXES ..... Why NOT??
Are you referring to diabolically destructive cess pool democratic party biden😈 & harris😈-???
@@Poughdgnothing should go to illegals
@@Poughdgundocumented immigrants do not receive benefits from Social Security at all.
if they want to help, stop congress from getting payed
"A 13% cut and any cut is theft. Americans are owed more based on profits v. expenses for the country. This is the one program that should never be cut, taxed,etc. Where does the cut go? Who is/was the main supporter and followers of this racket?
Project 2025 authors have endorsed and supported plans to cut Social Security by raising the retirement age, and their ideas can be found in the two most recent budget proposals put forth by conservative U.S. House Republicans - both of which sought to increase the Social Security retirement age from 67 to 69.
The cut goes to the diabolical illegal border crosers. That biden😈 & harris😈 allowed in by the millions.
@@blktaunayou’re correct, I just read the info. People are just getting so mad at Biden.
The taxation of social security benefits is one of the most egregious parts of the tax law. The $25,000 (single) and $32,000 (married) income thresholds where taxation starts has never changed since taxation started in 1984 or so. Inflation-adjusted that would be $75,000+ and 96,000+ respectively in today’s dollars. If they don’t eliminate taxation on SSB’s entirely, it should at least be indexed to inflation each year.
I totally agree with that!!!
@@cmoss11467 The government can’t give you a tax break! How could they give so much to the immigrants
THAT was pit in place to help steady the MEDICARE premium situation.
I doubt the income tax raised by taxing social security has been used to save Medicare or social security funds. Probably just went into the general fund.
Total agree with raising the cut off earnings for taxable social security. . And the max percentage should be only 50%. We already paid taxes on the employee side of the social security contributions when we paid them! They always seem to figure out ways to reduce benefits or claim back a portion your earned benefit. Evil!
These changes, and rate hikes happened in the 80s. I was in my early 20s. As a post 1954 boomer, we’re were hit by the rampant inflation of the late 70s & 80s, when we entered the workforce and struggled with near poverty just paying rent and groceries, let alone, trying to buy a house. The point being, who at that age and condition was thinking about retirement?
When I was 50, the full retirement was changing from 65 to 66 , 10 month. (Born 1959).
We appreciate all of the info you educate us with. Thank you!
It's pretty amazing how sneaky our Government can be
Dint worry. When they go before G.od Almighty, He will ensure they pay in full!
What can we do to stop this?!!!! Please offer the solution!!!!
If you don't know about Proyect 2025 they will cut your Social Security payment. That's the great idea of Trump and his friends and Republicans Judges in the Supreme Court that pass Proyect 2025 is not only your Social Security that be taken from you is Medicare, Medicaid etc. Just read about it. Seniors Citizens should be piss. But don't get mad get even.
Thank you so much for your wisdom, clearly stated, never patronizing, always helpful (and your analogies are helpful, often appropriately humorous and spot on!
The Socialist Democratic Party is The Government Control Communist!! They spend Our American People ' s Money! Cut Their Money To Special Interest Groups , Illegals, and Wars !!
Raise the FICA CAP (NOT TAX)!
@@YogiBoo111 They could do both, and that would really shore up the SS fund.
All I can say is THANK YOU so much! I am so grateful I found your videos and your channel. You have really helped me so much. I appreciate your knowledge and you share it so easily for everyone to understand. I will be sharing your site with many others too. Be blessed!
We'll see November 5th. How much people care about this.
Trump 2024
Trump speaks of not taxing ss
I just want to thank you for this! You gave me answers to things that I never knew to question.
Why is it that whenever Congress passes new spending, nobody asks, "How are you going to pay for that?" But whenever anyone suggests going back to not taxing social security, everyone screams, "How are we going to pay for it?"
Trump Republicans gave their Oligarch buddies a 2 Trillion Dollar tax break and then tried to pay for it with cuts to Senior SS benefits and tried to raise our retirement age to the DEAD AGE! The only thing that stopped them was DEMOCRATS.
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris!
Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies.
Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way.
Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE.
I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history! We need a cleansing of Trump Republicans who want to stick it to the elderly and the working class. Then these SAME TRUMP Republicans blame Ukraine, Workers living too long, Immigrants, and anything else they can throw at us as a smoke screen to keep us from seeing the REAL TRUTH!
They just PRINT IT. Thus the $ becomes worthess. "13%" less. We need to support the border people.
SS is supposed to be a retirement account that you contribute to along with your employer not a govt piggyback
We do contribute to it.
When they tax it I doubt it goes back into social security
You pay Federal Tax on Social Security (up to 85% can be taxed) depending on how much you make. You do not pay FICA tax on Social Security Earnings. So none of the tax on social security flows to the FICA trust. (which is a myth because Congress will not leave the funds in a trust they spend it)
But the retirement program for the political elite is fully funded and gets raises.
Maddening. There should not be a separate fund! Government employees need to be in the same fund as the general working public. These extreme benefits is why they never leave politics and become leeches.
That's figured out by people that don't do physical work in their life !!
You got that right! Worthless SilverSpooners! in control~!
We paid into this, we deserve no cut, we are sick of getting the short end of the stick....
This is an salt on American citizens
But let’s not stop DC spending. No, that would make too much sense.
Harris and Democrats have strong support for Social Security and Medicare despite 100% of Trump's Republicans voting to slash them! Harris Strongly supports affordable health care, affordable education, affordable housing. Unions, hundreds of ex-Republicans and former Trump White House appointees are trying to tell us! Unions know the truth and support Harris!
Seniors need to know the truth, because she is fighting for them too - she supports Social Security and Seniors. The Rich do not have to pay Social Security tax on Hundreds and Hundreds of Billions of Income because Trump and his Republican Con Congress REFUSE to TAX them fairly, while working class Americans pay Social Security Tax on 100% of our income. Democrats have proposed many bills to fix this problem, but Trump Republicans REFUSE to tax their Oligarch buddies.
Trump and his Republican Con men instead blame the SS shortfall on workers living too long and want to raise the retirement age to the DEAD AGE and cut benefits for those who live! Many seniors already are dead before ever drawing one cent of their benefits. Many More will be DEAD before retiring if these Trump Republican con men get their way.
Harris said the Rich Must Pay their fair share as workers have for years! Warren Buffet said the Rich MUST pay their share and when they do SS will be sound for the next 100 years without raising the RETIREMENT age to the DEAD AGE.
I want a President who knows the truth! Not a President who holds the record for the most LYING fact checked President in our history!
Totally agree Dr Weir. As mentioned in a previous comment, with triple attack of the 13.7% decrease related to the FRA age change, the lack of colas keeping up with true costs, and the taxing of 50% to 85% of social security due to the income limit still back at 1983 levels. With these three items, I figure at least a 25% drop in social security check purchasing power compared to my parents, grandparents. Another issue is with the raise of minuimum wages. Used to be a Social security check was roughly equal to a minimum wage job. Now with minimum wage doubling, and social security checks no increasing proportionally. Recipients of social security checks are harmed. Prices around them got up and up. Such that a social security check is worth less than half of a minimum wage job. Can you do a video post discussing this disparity? Thanks.
It’s no wonder retirees are having a hard time living on their checks. Capitalistic society simply isn’t built so everyone has abundant 401k balances. Their will always be the top tier population and by normal distribution, there will always be the bottom tier population Sad but true.
The income tax on SS benefits was originally designed to affect only high earners, but it was not indexed for inflation and now affects very average individuals. It needs to be eliminated or at least indexed to inflation going backward to when it was originated. The best way to keep SS solvent is charge the FICA on ALL earned income and to non-earned income such as capital gains and tax shelter income over the median for all individuals and index that for inflation. It may be hard to to figure it out, but it might even be possible then to lower the tax rate.
Born in 1953. Had been designated disabled, but when my husband passed away in 2016, benefits changed to spousal. I have no other income, but a small pension he had.
66 billion used in 2023 for illegal immigrants
Trump
Republicans are the one cutting it fool
@@nellie...And Iran, Pakistan, China deals, etc, etc.😡
Vote blue or lose it
@@producerlinda7109Vote red or enjoy living in Communist tyranny.
Thank you for sharing your expertise!
I did a google search and I found if the tax cap was removed completely only 5% wage earners would be affected yet by removing the tax cap it would maintain social security benefits intact for decades.
I just started getting SS this past September. Once they automatically take my Medicare payment out, and I pay my RX co-pays… my monthly check doesn’t even come close to a supplemental income. The only reason I’m not that worried is based on my family’s history I most likely don’t have a long life expectancy. The golden years suck!
What do you think is happening to the current workers paying for your benefits? More of their income is subject to FICA r=taxes and they did not receive the same COLA increases in their jobs and they also have increases in health care costs.
They also have an option to opt out and better awareness of how to save on their own!
@@williamrogers1219 Is this a serious question? I stated working at age 15 years old until I was 66 years, and 6 months, and had the maximum income taken out to pay for my SS benefits. During that time the laws changed and I also had to wait longer for full retirement age. I paid into SS which went to the previous generation so they could collect, and now when I qualify someone is asking me about the coverage for the younger working generation’s future benefits. Unlike a large % of people young, and old I knew SS was just supplement income for retirement, so I gave up a lot of things to save while many others blow their money to have fun. People need to be more fiscally responsible, and get involved in politics if they are concerned about their future benefits.
@@williamrogers1219 No one is paying for my benefits. I worked for over 40 yrs and contributed the maximum amount to SS until Full retirement age, which was increased so that there would be money for the previous generation. Unlike so many, I also made a lot of sacrifices over the years to save money knowing full well that SS was only supplement income, while I watched people of all ages burn through their money so they could have fun. I think the current generation is well aware of the problems with SS so they should start saving little by little investing, and also become more active in politics. Just a little advice…don’t tell a senior citizen that has worked their entire life since they were a teenager, and paid towards SS that someone else is paying for their benefits…it just makes you sound bitter, and ignorant.
Opt out? how?
Dr. Ed, you are a gem and have the patience of Job x six. I have to remember not to read your comment sections and only attend the livestream. I feel I lost too many brain cells reading most of the misinformation here in teh comment section today. Keep up the good work, please!
Oh hell no. Well I guess I will not file my taxes bc I work PT. F the gov’t. I’m done! 😊
Raise the FICA tax, leave the rest of the people alone
I agree!!!
Raise the cap
@@MyGovExpert You agree? In the video you say do not raise the tax, raise the cap.
@clagueb3686 Raise the cap. This means those making over $400,000 also have that income taxed for FICA. This is the democrat proposal. Republicans want smaller government. That always means decreasing or eliminating benefits, agencies and programs. Their plan is to allow corporate America to manage Social Security, Medicare and the US postal service, to name just a few. We can see these changes already with Medicare Advantage plans frustrating consumers and the significant negative changes to the post office since DeJoy was installed.
Raise the cap. It’s ridiculous to have it capped at 160k. If the wealthiest people pay their share we will be fine. Guess who lives longer? Yep it’s higher income recipients.
They're not gonna cut my benefits.
I'll teach 'em a lesson.
I'm gonna LIVE FOREVER!
Hahahahahaha...
What makes my blood boils is i was married to a abuser for35 yrs he passed i antdraw nothing until im 60 im 57 now i need the money to live on now shame on our government
Sorry your abused 35 years. Why didn't you leave right away and earn your own money.
😂He got you again. I believe it is you that was the problem 😅
Social security recipients are basically triple taxed!
So how hard is it to just raise the fica tax. Oh, that's right, that would hurt the super rich.
Or, or, or if the current work force were to have earnings inflation adjusted to 1990s equivalent their FICA withholdings would be more supportive of the COLA adjusted SS benefits.
I realize worker pay is a private sector issue that isn’t a legislative issue EXCEPT if Federal Minimum Wage was inflation adjusted to catch up with losses since the 90s it would indirectly cause push ups in higher level jobs.
80% of the rich are democrats 😊
That’s the problem and the truth
Raising the fica tax will hurt those earning below to fica tax cap more and have no effect on the super rich.
@clagueb3686 Ya I've heard that one before.
FICA tax earnings limit shoud be raised.
I've been told I couldn't claim SS on my ex-husband until after he passed away. He's still alive and still working.
Question: born after 1960... if you receive ssdi and SSI, regarding retirement; what should you expect ( the long version of possible)
Thanks in advance
Do not cut my social security
They took our money for our retirement so it’s 100 %. We could have invested it and had much more to live on
If I understand this correctly, born before 1960, no cuts.
@sstarkey
Born before 1960 they were already cut bc their retirement age was raised from 65 to 66+.
Basically they raised the retirement age
No, your retirement age is no longer 65 if you were born in 58 or 59. Maybe before then too, look at the chart he showed
I’ll be 65 in January I’m on disability. Does that include me?
If this happens...and there's not millions of us, MILLIONS OF US!, marching in DC, opposing this, then we do not deserve the miserable amount of money we get even now!!!!!!!!!!!!!!!!!!!!
Threaten to vote them out if they don't undo it. Stop whining about it and vote out any incumbent (current senator or representative). They have plenty of money for Ukraine and illegal alien benefits.
Thank you Dr. Ed. Learn with all you help. Plan on getting this SSR. soon. Again Thank You Sr.
Very welcome
Let me tell you something about COLA. Let's say we are due for a 10% increase. When they raise your wage, they also raise your medicare premium which usually cuts your raise in half. That's correct. 10% becomes 5%
If we still get the COLA, it usually is around 3'1/2%, not 10%!
For 2025, I heard it will be only 2.5%
They can save ss by taxing H1B visa holders (taking American jobs) to 100% of their salary.Also CONgress needs to Replace the money that they already stole.
convince your greedy business owners to not use h1-b
At 62, over 22k benefit cut. Who the hell can livre on 22k?
So thankful for you show Dr. Ed. I'm still working(69yo). I have Medicare part A. When do I need to apply for B,D and what are costs. Not sure when I'm retiring. I haven't stared taking SS yet.
Once you stop receiving health insurance from current work, enroll in Part B and give us a call, and I'll have my team go over all your options. 888-817-0446 (2-3 months before is best).
God Bless America 🎉🎉🎉
Who ever is dumping it should be arrested period. There is a way to find out who is dumping the trash in the ocean.
In the United States we are allowed to retire at the age of 62 but we are not allowed access to Medicare or Medicade until the age of 65. At what point in time is this issue going to be addressed?
I turned 65 this year, and planned to work 5 more years. Now I got laid off , had severance pay for 6 weeks ,Now I applied for unemployment, the max amt won’t even cover my mortgage - can I take social security too or should I wait ? While I look for work ( I’m divorced and have no other income ) I dont want to lose my home😮
Yes, you can definitely apply for Social Security benefits too. And you need to get enrolled in Medicare and a Medicare plan. Email me your name, phone number, city/state, and I'll have one of my Medicare insurance brokers give you a call and go over all your options. Ed@mygovexpert.com
Yes, the congressmen want a raise in their salary and we can’t have both without a cut somewhere.
This is why I max out my Roth IRA with high yield dividend ETF. I still have 15-20 years until I can retire and I doubt it will even be there.
Cants survive on my $1200 a month by myself. Cant afford a cut!
Better get back to work like the rest of us
I was born in September 1958. My husband died in April 2020. He was born in February 1953. He was on SSDI at his time of death. I began receiving survivor benefits after his death. I believe you said my full retirement age is 66 years 8 months. Should I check with SSA at my full retirement age to find out if I should change to my retirement depending on which is larger? Also, I was previously married for 12 years; however, I was told that I would receive less filing on his SS than my late husband's (at 71%), and I could not collect on both.
Please join one of my LIVE FREE UA-cam Q&A sessions so I can give you a more accurate and complete answer. There are so many exceptions I don't want to give you an incorrect or partial answer. MORE HELP HERE: linktr.ee/MyGovExpert
How can you call something a cut that you have not even received? In government speak, cuts are defined as reductions in desired increases in the federal budget, instead of an agency getting a 10% increase in their budget they got last year, and this year they only get a 5% increase, their budget was cut in their definition.
@@johnalden7746 Simple, the "cut" happened before you received your money.
@@johnalden7746 I agree, CUT is not the word to use! It is LESS THAN THE CURRENT AMOUNT. I agree with you John.
I'm on survival benefits from my husband's SSDI amount. He was born in 1957, so does that mean that they will go off his amount, and I won't have the 13% cut? Or will they go by the fact that I was born in 1961 and take the 13%? Sandy
Yes!I agree with one of the ones that made a statement, that if they stop giving our 💰 money to these other countries we would have the funds needed for our benefits🤔!
I am confused. If you are born before 1960 (e.g. 1956) your FRA is 66 and 4 months but you start collecting SS at 70, what happens? And if you continue to work till 72, what happens?
You will get the Maximum amount per your work record at age 70 more than FRA. There is no reason to not take SS at age 70. No income cap after FRA.
I will be 65 in March 2025. I need the insurance.Will be applying this Dec 2024. I also plan to continue working until my wheels fall off. I make $39,000 a year. I can't live off ss alone. I know I am going to be penalized for going over the limit but I have no other choice. I have worked forty plus years. So unfair 😡
Don't forget the taxman. You will get hit hard with your current plan.
Vote for Trump no taxes on social security !
TRUMP 2024@@wannabeervn8858
Some companies file bankruptcy and long time workers lose their retirement. The only money they have is social security and a small amount from the government Pension benefit guarantor corporation. How can people live and have health care. Most people never earned enough to save.
What cap for disability benefits are you referring to? I’m 53 and on Disability. I
Have 34 out of 35 years with 3 years unaccounted for throughout my career that were never reported and I know that I filed!
Forgot I also have Medicaid and Medicare but Viva is the first filed with
Dr Ed I am 64 and I have SSI and ssa but they say that I do not qualify for medicare, I have been on disability for 5years, I am one who has absolutely no trust in our government, so please tell me if I'm okay
Medicare will be available when you turn 65. You should look into your state's medicaid. Good luck❤
U OK MAN, keep calm. Trust in God.
FIRE YOUR CONGRESSMAN TODAY
I'm 61 and on social security disability and I also draw spousal support does this affect me
Those making over $137,000 per year don't pay anything on earnings over that amount! We pay on every dollar we earn! I'm more concerned about those earning millions and all most all of their "earnings" not being taxed. And what about all those with off shore tax heaven accounts!
They are not getting SS benefits above the cap.
@@SandfordSmythe I'm not sure what you mean about " not getting benefits beyond the cap" , as a group they come out ahead!!!!
@billyboy969 SS was designed as a social insurance program. You pay a certain premium, and your benefits will be based on that. It's not a general tax fund where the benefits for each are determined by Congress each year. SS is a safety net income for retirement. Obviously, the rich will have other resources of their own. That is why their participation is limited. It would also be costly to the employer to match those contributions. There are bend points in the calculations, like brackets in income taxes, so that the more affluent will actually get comparatively less return on each dollar they contribute. They are also federally taxed more for their benefits.
@@SandfordSmythe at this point I'm beginning to think you are poperiously being deceptive -Social Security is a transfer of wealth to the wealthy from the poor , be it shorter life span or whatever.
I don't believe we should do away with it, it's what the poor depend on. Just the LOGICAL correction I first posted. It's a regressive tax under the guise of progressive tax.
@@SandfordSmythe maximum monthly benefits is $9,746 for 2024! I'd have to work nearly 10 jobs to EARN that much, and of course there is not anywhere near enough hours in a month for me to do that!
I feel that rules will consistently change at all ages and it will always take from us
I took benefits at 62. 12 recorded yrs. Of work.Spouse, six mos. Younger, 45 yr work history,went on short term disability at 63.Started 2 yrs. Long-term 6 mos. Later in conjunction with the ssdi application I filed.developed adult failure to thrive and survived without sustance for 544 days..Won her ssdi award 2 days before death.Backpay from Feb 24 to Dec. 22 w/ begin date of June 22. Minus the 5 mo. Penalty.Originally denied for the remarry before 60 deal.We married 78 to 86. Again 2000 to 2024.Exception !¡ If given spousal, do I get penalized the 5 mos.like she or does it begin at June 22 instead of Dec. Thanks. Your da best;;
They’re doing a lot to break us! Well, it’s working!
Remember that in November
I've been disabled for 25 years already now I'm 63 I've lived on this low amount of money which is no where near enough money under 1,000 a month could you live have a car and eat pay rent go to the drs please think my life has been so empty and I'm so poor is sad the government isn't helping me😊
Hi Dr Weir, I got on disability in my 50’s and I ended up having about 6 surgeries, stayed in the hospital many days. What I wanted to ask you about is, I just heard if you have any money when you die you have to pay Medicaid back all the money they spent on you, is this true?
@@jody4270 WOW, that's another can of worms. Sorry to hear you went through all that. I don't think that could be true. If you're dead you're dead. If it is true, it's ridiculous.
It depends on the state, but it's usually if they put you into a nursing home at the end. But they can come after your estate.
@@MyGovExpert OMG! That's horrible. You work your whole life to leave an inheritance for your kids and then it is stolen by the government.
Jody, Just to be clear, you said "Medicaid" and meant Medicaid, correct? Medicare benefits received are not.
Retired at 67. How much can I earn if I go back to work without paying tribute. If O can get hiref!
Please join one of my LIVE FREE UA-cam Q&A sessions so I can give you a more accurate and complete answer. Or, you can schedule a private call here: linktr.ee/MyGovExpert
Yes raise the FICA Cap. It just protects the guys that make lots of money
Thank you for your time and knowledge devoted to educating those that are approaching this time in their lives.
My pleasure! Thank you!!
They should cut welfare. OMG! Barely making it on S/S now.
No they should tax the rich~! The only way! How long can them parasite'$ suck our blood!~?