With around $120k invested in Palantir stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
Prioritize two goals: strategically buy stocks to limit losses and maximize gains, and be prepared to capitalize on market shifts. Consult a financial advisor or professional for personalized guidance.
@@elegboozioma7267 Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k.
@@amolejoshua7452 Victoria Carmen Santaella is the licensed advisor I use. Just search the name. You’ll find the necessary details to work with to set up an appointment.
Ah, Social Security benefits on a $50k salary-so this is how the government tells you they’ve got your back, but only up to a point! 😆 With $332k sitting in your emergency fund, it’s like having a financial superhero cape just waiting to take flight. Time to kickstart that investment journey! 🚀💰 Watch out world, here comes your portfolio!
Hey, I get it-$332k is a solid base! But remember, Social Security’s just a small piece of the pie. If you’re looking to really up your game, I’d recommend chatting with an investment advisor. I’ve been working with one who’s been a game changer for me. Trust me, having expert guidance can make a huge difference!"
Sounds like you’re on the right track but unsure where to find that perfect advisor. I’m in the same boat-thinking an investment advisor is the way to go, but finding one who’s a good fit is tricky. Any tips on how to start?
There are a handful of CFAs out there. I’ve tried a few, but ‘Linda Aretha Reeves’ has been my go-to for years. Her performance has consistently impressed me, and she’s well-known in her field. Might be worth looking into her services!
Small Correction: In this example what they shown $1879 will get at age 67 not at the age of 62. If you start getting benefits your amount will reduce.
Are you sure? He’s saying if you average $50,000 (indexed as well) you’ll get about $1900 at 62. Four years later, my SS numbers are a little higher at 62. Not sure if it’s $50k but it’s gotta be close.
Yes, the US government has borrowed money from the Social Security trust fund in the past. The Social Security trust fund collects more in payroll taxes each year than it pays out in benefits. The excess funds are invested in US Treasury bonds, and the interest earned on those bonds is added to the trust fund. However, the government has sometimes borrowed money from the trust fund to finance other government programs, such as infrastructure projects, defense spending, and other government expenses. This borrowing is accomplished through the sale of special-issue Treasury bonds to the Social Security trust fund. The government is required to pay back the funds it has borrowed from the Social Security trust fund, with interest. As of now, the US government owes over $2.8 trillion to the Social Security trust fund. The government is required to repay this debt, and failure to do so could potentially jeopardize the stability of the Social Security program in the future.
Finally, someone else knows the truth! How Social Security has Trillions in Surplus cash! And village idiots started borrowing and want to come up with excuses not to pay it back, But there's none!
Social Security benefits play a crucial role in retirement planning for many Americans. The amount you receive is determined by various factors such as your income, birth year, and the age you choose to start taking benefits. For example, if you had a lifetime average salary of $50,000 and started receiving benefits at age 62, you could expect around $1,900 per month. It's important to note that these figures are subject to change and individual circumstances may vary. While Social Security is an essential part of retirement income, it's crucial to save and invest for your future to ensure financial security. So, how are you currently preparing for your retirement? Are you exploring additional investment options beyond Social Security?
I invested in stocks!!! I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts ... Stay Motivated!!
The reason many people venture into Trading/Investing (Financial Market), is so that they can get to have a better life while working and even after retirement. The wisest thing that should be on every wise individual's list is to invest in different stream of income; I am earning more this year because I have been investing while working at the same time. I invested through TERESA JENSEN WHITE, same woman that an anchor kept mentioning on CNBC, and made multiple of my start up capital within three months . She lives here in the USA and she is licensed
you have totally missed the point. Your SS money is not and was never meant to be invested. SS buys you insurance so you can have money in your old age. If you paid for one year of fire insurance for your home, and your home did not burn, would you consider that wasted money. Of course not, your home was insured in case it burned. Money well spent for that year. SS buys you insurance that you will never run out of money, no matter how you have mismanaged your funds, or how long you lived.
I came to America at 45 and worked for cash. I'm 66 and would like to know how I can collect a Federal welfare check like other American seniors who are over 62. Thank you!
You need to see if the SSA has all your reported income. They base your SS check on the top 35 years. Disability pays more. Get on a Senior Housing list. You would pay 1/3 your income. All the best as you do further research 🧐.
Bitcoin is purchased in dollars. It is valued in dollars. It is exchanged for goods valued in dollars. Buying bitcoin isn't destroying the dollar at all. If anything, it's doing the opposite.
I live in a complex full of old people. Everyone I speak with is getting a monthly Federal welfare check. I mostly worked for cash. How can I collect a monthly welfare, SS, check?
@@spasovskizzz Thank you they obviously don't have a clue how social security works anyone knows social security goes by your earnings throughout your years of legitimate employment
@@edrodgers4581 those seniors have paid their dues you're uninformed you should hope to become a senior I've paid into this since 16 years old if you contribute you will get social security too do your research federal welfare is an ignorant statement because if it was any type of welfare immigrants who can't speak a bit of English would get like state welfare
@@edrodgers4581 one more thing everyone on here that refers to social security as federal welfare I noticed works for cash so I know you're super ignorant what are u a day laborer don't get mad at people who worked paid. Medicare taxes and is eligible for social security in their senior years now are getting what deserve
Seniors had their entire working lives to save. They shouldn't be dependent on the SS taxes their children pay to support themselves. SS is Federal welfare and should be abolished.
@@darleneteply4293 Personal attacks? Please explain to me why after decades of working our kids should be supporting us today. Didn't you save money while you worked???
@@dennistyler9852 Save?? LOL. There are no savings, All the money you paid in to SS was paid out to other beneficiaries. Now young people are taxed to support you. This is how all welfare programs work.
Okay how about the Medicare part that comes out of our paycheck? Is there a retirement benefit for that with some kind of calculation? Or is it only Social Security that we receive money for?
.....crickets. Personally, I think it comes out of that SS check. I think there is one "free" basic health care benefit, and anything extra you may want to add is deducted from SS monthly.
I finally got my parents into the U.S. They have never worked in America. How can I get them a Federal welfare check, SS, like all of their neighbors receive?
I thought you said your generation goes back before FDR that's what you said in the other comment section oh but I'm angry I forgot tell me why you can't get social security for your parents because they're undeserved for federal welfare 😅🤣 again ELIGIBILIE vs INELIGIBLE 💰 MONEY MONEY MONEY
Same with me. Maybe slightly more but in the same ballpark. Looking forward to retiring early and working PT about 12-15 hours a week. No more 40-50 weeks. All The best.
Then I got worse news for you: the median income is actually in the 30ks. It might be 40k now in 2022, but significantly less than half make 50k. But in my state, the median is a round 36k, and I live fairly comfortably at slightly less than that. Still set 10% for 401k.
It depends where you live. I make $160k a year. But the cost of housing is out the roof. So somebody making $50k in a cheaper area is probably in a better spot. Lot of factors involved.
Where do you get your info I worked 32 yrs retired 57. a pension and collect ss at 62 I've paid medicaid taxes from age 16 which is part of social security I've been receiving a statement from social security every year for the past 10 years according to my salary they give every year on your statement from day one where you've paid taxes so how is that federal welfare explain it to me
@@lindachampion1273 Linda you did not pay in for yourself. You paid in for others. Today your benefit is not coming from money you paid, it is coming form young workers who are being taxed. You never had an account. It is a huge Federal transfer program. This is how all welfare programs work.
@@websterhays8352 I was young and paid the point is I paid and not just anyone is eligible and for your information I'm only 58 retired @,57 unlike welfare where anyone right off the boat or plane who can't speak a bit of English can qualify. I'm very happy I worked 32 years retired and paid my share now when I reach 62 I will reap the benefits just like all other eligible people no matter what you call it🤣😅😂
@@lindachampion1273 Linda what does receiving Federal welfare as a senior citizen in America have to do with new arrivals to America? We are all relatively new arrivals to America. You seem very angry.
@@websterhays8352 first off I'm not angry number 1 I'm just debating why are some people eligible for social security and others are not I paid taxes for over forty years the more you make the more they take as I said no one has explained why some people are eligible and some are not what's the criteria I mean at the end of the day I will collect at 62 along with h my pension check 🤣😅 federal welfare you're a joke I had no choice to pay so why should it be considered welfare tell me what's the criteria to be eligible
Because Fool you don't know how long you gonna live. Say you die at age 71 then you would have lost benefits from age 62 to 69. Do the math fool. If your FRA is 67 then your breakeven age is probably between 78 and 80. Do the math.
First off people worked and paid social security and Medicare taxes that's what makes a person eligible so stop with the federal welfare check because I've paid alot from my working years so seniors have worked for what they're receiving do your research it's obvious they don't just give it to people that's what people get for working for cash instead of on the books they forfeit ss benefits
@@lindachampion1273 Linda the money you paid in SS tax when you worked went to current recipients. You never had an account. The money you are receiving today is coming from current taxpayers. The fact that you paid into the program is irrelevant. This is how all welfare programs work. Some are taxed for the benefit of others. Welfare is not a naughty word. LOL
@@juangarcia8828 what I still collect you call it federal welfare because you don't get a check I had no choice for whatever reason nor did anyone else I've paid since the age of 16 the point is if you pay you collect you think I didn't disagree with all the different taxes I paid so It's my turn so I have coworkers that didn't live to see social security nor did my mother so when you say federal welfare you're being very disrespectful unlike state welfare where people come from other countries can't speak a bit of English and qualify and note Iam generations black american
@@juangarcia8828tell me where it's undeserved how many generations of Americans does your family go back FDR created Social Security program but I understand federal welfare you're a joke however you see it people worked and paid and they have no option so they're not given anything
@@lindachampion1273 Linda are you ok? My family on both sides has been in America long before FDR. What are you so upset about collecting a welfare check? Many people in America are on welfare. Enjoy it!
With around $120k invested in Palantir stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
Prioritize two goals: strategically buy stocks to limit losses and maximize gains, and be prepared to capitalize on market shifts. Consult a financial advisor or professional for personalized guidance.
@@elegboozioma7267 Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k.
@@JuneTalley Please can you leave the info of your investment advisor here? I’m in dire need of one.
@@amolejoshua7452 Victoria Carmen Santaella is the licensed advisor I use. Just search the name. You’ll find the necessary details to work with to set up an appointment.
@@JuneTalley I will give this a look, thanks a bunch for sharing.
Ah, Social Security benefits on a $50k salary-so this is how the government tells you they’ve got your back, but only up to a point! 😆 With $332k sitting in your emergency fund, it’s like having a financial superhero cape just waiting to take flight. Time to kickstart that investment journey! 🚀💰 Watch out world, here comes your portfolio!
Hey, I get it-$332k is a solid base! But remember, Social Security’s just a small piece of the pie. If you’re looking to really up your game, I’d recommend chatting with an investment advisor. I’ve been working with one who’s been a game changer for me. Trust me, having expert guidance can make a huge difference!"
Sounds like you’re on the right track but unsure where to find that perfect advisor. I’m in the same boat-thinking an investment advisor is the way to go, but finding one who’s a good fit is tricky. Any tips on how to start?
There are a handful of CFAs out there. I’ve tried a few, but ‘Linda Aretha Reeves’ has been my go-to for years. Her performance has consistently impressed me, and she’s well-known in her field. Might be worth looking into her services!
Just checked out Linda Aretha Reeves and she seems like exactly what I need to elevate my financial game. Thanks for the recommendation!"
Thank you. That is the easiest, simplest, quickest explanation of how SS is calculated. Excellent. The graphics really nailed it for me
Small Correction: In this example what they shown $1879 will get at age 67 not at the age of 62. If you start getting benefits your amount will reduce.
Are you sure? He’s saying if you average $50,000 (indexed as well) you’ll get about $1900 at 62. Four years later, my SS numbers are a little higher at 62. Not sure if it’s $50k but it’s gotta be close.
u get $1879 at 67 not 62. $1879 x 72.5 = $1362 that's what u get at 62. u get 72.5%
year of birth 1957 FRA = 66.6 but otherwise you are correct Darryl - that's a pretty glaring error in such a short video
Most of these videos on TH-cam how to do something or fix something is wrong
Yes, the US government has borrowed money from the Social Security trust fund in the past.
The Social Security trust fund collects more in payroll taxes each year than it pays out in benefits. The excess funds are invested in US Treasury bonds, and the interest earned on those bonds is added to the trust fund.
However, the government has sometimes borrowed money from the trust fund to finance other government programs, such as infrastructure projects, defense spending, and other government expenses. This borrowing is accomplished through the sale of special-issue Treasury bonds to the Social Security trust fund.
The government is required to pay back the funds it has borrowed from the Social Security trust fund, with interest. As of now, the US government owes over $2.8 trillion to the Social Security trust fund. The government is required to repay this debt, and failure to do so could potentially jeopardize the stability of the Social Security program in the future.
Finally, someone else knows the truth! How Social Security has Trillions in Surplus cash! And village idiots started borrowing and want to come up with excuses not to pay it back, But there's none!
The government has names who are the B......that play with people's money!!!
$50K in 1989 is equivalent to $126K today so this is a high salary for those 35 years.
DUMBBELL!! THIS example is for someone who NOW(2019) makes $50,000 a year!!!!
@@Tryp-j9d $50K for the past 35 years running.
@@IndigoStarrAz NO, DUMBA$$!! It’s the EQUIVALENT of $50k NOW. e.g. $12,000 in 1979. EQUATES to $50k NOW!!!!
@@Tryp-j9d I guess we were watching different videos then
@@Tryp-j9d "How Social Security benefits are calculated on a $50,000 salary"
Social Security benefits play a crucial role in retirement planning for many Americans. The amount you receive is determined by various factors such as your income, birth year, and the age you choose to start taking benefits. For example, if you had a lifetime average salary of $50,000 and started receiving benefits at age 62, you could expect around $1,900 per month. It's important to note that these figures are subject to change and individual circumstances may vary. While Social Security is an essential part of retirement income, it's crucial to save and invest for your future to ensure financial security. So, how are you currently preparing for your retirement? Are you exploring additional investment options beyond Social Security?
Expect LESS THAN $1,400 a month if you file at 62!!! YOU are VERY STUPID!!!
If you made minimum-wage all your life you going to be starving to death on Social Security
They just give the high earners much less and the low earners get what they did earn
Minimum wage jobs are ONLY for high school and college students. ADULTs who are making a CAREER in Food Service…are TOTALLY NUTS!!!!
If you are fat, take it at 62.
Yep. You never know when you'll be gone.
Best comment 😂😂😂
Thanks for the tip!🤣🤣🤣
Smoker, alcoholic, druggie…or ALL of the above!!
But is it additional pension or just social security?
Social Security: the screwing you get from the screwing you got!
😂😂😂
Background music should always be as loud as (or louder than) the person talking on a video - thanks :/
I invested in stocks!!! I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts ... Stay Motivated!!
The reason many people venture into Trading/Investing (Financial Market), is so that they can get to have a better life while working and even after retirement. The wisest thing that should be on every wise individual's list is to invest in different stream of income; I am earning more this year because I have been investing while working at the same time. I invested through TERESA JENSEN WHITE, same woman that an anchor kept mentioning on CNBC, and made multiple of my start up capital within three months . She lives here in the USA and she is licensed
Just do a web lookup using her full name and connect to her official webpage ..
I believe you are rich until you recommend an advisor. Low life scammer
I shouldn't have to gamble my future.
if you have two $1 million+ rental properties each making only ~$40k a year you are really doing something wrong lol
Ima retire in Mexico or some place else
I've heard Guatemala is quite good too.
What a scam
What if you took that 6200 and got it invested for 40 years in S&P. You'd have almost 4.5 million dollars I hate Social Security
I hear you. The problem is 95% of people wouldn't invest it. They would spend it.
@Luís Andrade Stocks have gained 40% in the past year, while the dollar is losing value at any increasing rate. If you don't invest, you lose value.
Invest $6200 per year?
@@Jake-rs9nq invest $6200 per year in sp 500?
you have totally missed the point. Your SS money is not and was never meant to be invested. SS buys you insurance so you can have money in your old age.
If you paid for one year of fire insurance for your home, and your home did not burn, would you consider that wasted money. Of course not, your home was insured in case it burned. Money well spent for that year.
SS buys you insurance that you will never run out of money, no matter how you have mismanaged your funds, or how long you lived.
2:20 -- Most important part of the video and immediately ignored by 98% of the population. SMH!
I’m not sure if I will reach 65 years old in my life! Therefore I will never invest on retirement in USA
😂😂😂
I came to America at 45 and worked for cash. I'm 66 and would like to know how I can collect a Federal welfare check like other American seniors who are over 62. Thank you!
get a ssn number
@@DrSchor I have øne Dr. SCHOR
@@richardargst157 pay 0% to ss... get zero... you gotta pay 6.2%
You won't get anything because you worked illegally
@@Carolinapetroska Illegally? What does that mean???
Is this calculations correct?
Yes, but your sentence grammar isn't.
Why do I get only $589.00 s monthly I’m straggling I can’t afore Housing is unfair the system or laws is sucks
go back to mexico
You need to see if the SSA has all your reported income. They base your SS check on the top 35 years. Disability pays more. Get on a Senior Housing list. You would pay 1/3 your income. All the best as you do further research 🧐.
YOU..FORGOT to WORK for MOST of the last 40 YEARS!!
how about ave 12000 for us navy more house ajc temp service ace hareware
CheCks
So only a fool would work.
Buy Bitcoin, end the government.
Bitcoin is purchased in dollars. It is valued in dollars. It is exchanged for goods valued in dollars.
Buying bitcoin isn't destroying the dollar at all. If anything, it's doing the opposite.
Is SSN considered income? And we pay tax on it?
Also would like to know this answer
Lmao triple taxing money, don’t give them any ideas😂
SS Number?
Federer
Do I get extra income check if I’m diagnostic with mental illness
Your question pretty much diagnoses you with mental illness.
nope
YOU..are just STUPID. NO ONE is diagnostic!!!
[ lap... ] ‘19
This is wrong. Doesn't CNBC fact check their videos?
I live in a complex full of old people. Everyone I speak with is getting a monthly Federal welfare check. I mostly worked for cash. How can I collect a monthly welfare, SS, check?
you don't. why do you think you are entitled to something you did not contribute towards?
@@spasovskizzz Your answer is mean. I need a Federal welfare check like the other greedy seniors around me.
@@spasovskizzz Thank you they obviously don't have a clue how social security works anyone knows social security goes by your earnings throughout your years of legitimate employment
@@edrodgers4581 those seniors have paid their dues you're uninformed you should hope to become a senior I've paid into this since 16 years old if you contribute you will get social security too do your research federal welfare is an ignorant statement because if it was any type of welfare immigrants who can't speak a bit of English would get like state welfare
@@edrodgers4581 one more thing everyone on here that refers to social security as federal welfare I noticed works for cash so I know you're super ignorant what are u a day laborer don't get mad at people who worked paid. Medicare taxes and is eligible for social security in their senior years now are getting what deserve
Seniors had their entire working lives to save. They shouldn't be dependent on the SS taxes their children pay to support themselves. SS is Federal welfare and should be abolished.
Please stop being so ignorant...
@@darleneteply4293 Personal attacks? Please explain to me why after decades of working our kids should be supporting us today. Didn't you save money while you worked???
@@tomblevins5020
That money comes from what I paid in, not my kids
The Government has us save 6.5% and matched by our employers. That’s our SS .
@@dennistyler9852 Save?? LOL. There are no savings, All the money you paid in to SS was paid out to other beneficiaries. Now young people are taxed to support you. This is how all welfare programs work.
Lol 420
Coincidence? I think not😉
Lol
Okay how about the Medicare part that comes out of our paycheck? Is there a retirement benefit for that with some kind of calculation? Or is it only Social Security that we receive money for?
.....crickets.
Personally, I think it comes out of that SS check.
I think there is one "free" basic health care benefit, and anything extra you may want to add is deducted from SS monthly.
@@dawnsstar5918 Thanks.
You PAY for Medicare, Clueless!!!
Age 62? Are you nuts? Wait until 70 to collect your Federal welfare check. Your benefit will be much larger.
@Pat Higgins Blacks on welfare? You are crazy. SS is the biggest welfare scam. Seniors on SS should be ashamed of themselves.
Yeah! And die at 71 and only get it for 1 year 🤦🏻♂️
@@tonyjacobo3020 If you "die at 71 and only get it for 1 year" what its the problem? Will you regret this decision when you are dead? LOL
Stupid comment !
@@tonyjacobo3020Yes obvously that person is rather stupid
The video said your average yearly income is $50,000. Is this before or after each of your income years is adjusted for inflation?
I finally got my parents into the U.S. They have never worked in America. How can I get them a Federal welfare check, SS,
like all of their neighbors receive?
I thought you said your generation goes back before FDR that's what you said in the other comment section oh but I'm angry I forgot tell me why you can't get social security for your parents because they're undeserved for federal welfare 😅🤣 again ELIGIBILIE vs INELIGIBLE 💰 MONEY MONEY MONEY
you cant
get your parents to work for next 35 years to get good amount of SS monthly. They're out of luck. pay zero on ss tax, get zero in ss check
you said your family on both sides have been in USA for generations
mentiroooooso!
Thanks!
Life payment all in
I made approximately this much and at 62 ss.gov says i’ll get almost 1800 at 62
Same with me. Maybe slightly more but in the same ballpark. Looking forward to retiring early and working PT about 12-15 hours a week. No more 40-50 weeks. All
The best.
it blows my mind that the average worker only makes 50k a year...how was it even possible that they got themselves into that situation?
Depending where you live $50,000 is A LOT of money. In my early years teaching in Ohio making $35,000 and living solo, I lived VERY comfortably
Then I got worse news for you: the median income is actually in the 30ks. It might be 40k now in 2022, but significantly less than half make 50k. But in my state, the median is a round 36k, and I live fairly comfortably at slightly less than that. Still set 10% for 401k.
You are an idiot
@@DeviantMotives and you're broke
It depends where you live. I make $160k a year. But the cost of housing is out the roof. So somebody making $50k in a cheaper area is probably in a better spot. Lot of factors involved.
Not much to explain, SS is Federal welfare for those mostly over 62. Socialism at it's best!
Where do you get your info I worked 32 yrs retired 57. a pension and collect ss at 62 I've paid medicaid taxes from age 16 which is part of social security I've been receiving a statement from social security every year for the past 10 years according to my salary they give every year on your statement from day one where you've paid taxes so how is that federal welfare explain it to me
@@lindachampion1273 Linda you did not pay in for yourself. You paid in for others. Today your benefit is not coming from money you paid, it is coming form young workers who are being taxed. You never had an account. It is a huge Federal transfer program. This is how all welfare programs work.
@@websterhays8352 I was young and paid the point is I paid and not just anyone is eligible and for your information I'm only 58 retired @,57 unlike welfare where anyone right off the boat or plane who can't speak a bit of English can qualify. I'm very happy I worked 32 years retired and paid my share now when I reach 62 I will reap the benefits just like all other eligible people no matter what you call it🤣😅😂
@@lindachampion1273 Linda what does receiving Federal welfare as a senior citizen in America have to do with new arrivals to America? We are all relatively new arrivals to America. You seem very angry.
@@websterhays8352 first off I'm not angry number 1 I'm just debating why are some people eligible for social security and others are not I paid taxes for over forty years the more you make the more they take as I said no one has explained why some people are eligible and some are not what's the criteria I mean at the end of the day I will collect at 62 along with h my pension check 🤣😅 federal welfare you're a joke I had no choice to pay so why should it be considered welfare tell me what's the criteria to be eligible
This video is a sham. It is foolish to begin collecting Federal welfare before you are 70. Why not get the maximum benefit???
Because Fool you don't know how long you gonna live. Say you die at age 71 then you would have lost benefits from age 62 to 69. Do the math fool. If your FRA is 67 then your breakeven age is probably between 78 and 80. Do the math.
because many people drop dead shortly after 70.
@@PatriotSteve With your reasoning we should all smoke, not exercise, get fat and be drunk all day. Please do not make childish comments.
@@richardargst157 do always makes stuff up in your head to try and prove a point? Or is it just this time? At least I have reasoning.
@@PatriotSteve Steve I would love to hear your "reasoning".
Seniors don't need a COLA. This money should be used to support the great people of the Ukraine.
You support them.
@@darleneteply4293 Darlene you were supported by the Federal and local government your entire life. Don't be selfish.
COLA is needed to reflect the changes in the cost of living each year and thereafter.
@@arvintroymadronio7298 SS payments are too high. That is why the program is in trouble. COLA's should be stopped.
Ah, the classic internet troll. There's still alive and thriving.
Social Security is Federal welfare for seniors. A totally undeserved benefit.
First off people worked and paid social security and Medicare taxes that's what makes a person eligible so stop with the federal welfare check because I've paid alot from my working years so seniors have worked for what they're receiving do your research it's obvious they don't just give it to people that's what people get for working for cash instead of on the books they forfeit ss benefits
@@lindachampion1273 Linda the money you paid in SS tax when you worked went to current recipients. You never had an account. The money you are receiving today is coming from current taxpayers. The fact that you paid into the program is irrelevant. This is how all welfare programs work. Some are taxed for the benefit of others. Welfare is not a naughty word. LOL
@@juangarcia8828 what I still collect you call it federal welfare because you don't get a check I had no choice for whatever reason nor did anyone else I've paid since the age of 16 the point is if you pay you collect you think I didn't disagree with all the different taxes I paid so It's my turn so I have coworkers that didn't live to see social security nor did my mother so when you say federal welfare you're being very disrespectful unlike state welfare where people come from other countries can't speak a bit of English and qualify and note Iam generations black american
@@juangarcia8828tell me where it's undeserved how many generations of Americans does your family go back FDR created Social Security program but I understand federal welfare you're a joke however you see it people worked and paid and they have no option so they're not given anything
@@lindachampion1273 Linda are you ok? My family on both sides has been in America long before FDR. What are you so upset about collecting a welfare check? Many people in America are on welfare. Enjoy it!