The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.

@Joebiladen159.

5 ай бұрын

True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

@carssimplified2195

5 ай бұрын

Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.

@carssimplified2195

5 ай бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AILEEN GERTRUDE TIPPY” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

In my opinion, it isn't just a case of how many people are contributing now, compared to how many people are receiving social security now. It's a case of how many people, and how many dollars, were put into the system prior to the person who is starting to collect social security. When it comes to social security numbers, they one thing that they always leave out is the number of people that died before they reached the age to collect social security. The biggest problem with social security is that our own government has been siphoning money out of the system for all sorts or other expenses, like sending money to other countries and funding ridiculous programs here in the US, that the American citizens would never approve if they knew what the money was really going to fund. The social security program wouldn't need any increases at all if the government would just put back the money that they stole from the American people..

@scinusa

Жыл бұрын

But the government can find plenty of money to give the young that won't work but know how to have plenty of illegit babies. It's kind of like encouraging open borders with a handout.

@geraldinehejduk282

Жыл бұрын

Yes you are so right... isn't that a crime called"imbezelment" Should they all go to prison for it.

@jerri5884

Жыл бұрын

@Dan LaCross ..HEAR !! HEAR!! YOU HIT THE NAIL ON THE HEAD .."THEIR" crimes of Robbing n Stealing have nothing to do with it ..I know that they're trying to depop the world and we don't know the real numbers of people that go missing (most in areas of national parks ) and all the pictures on walls of businesses of more missing...anyways, I digress.. we are going to go through Alotta dire times ahead ,drastic changes .. so , we'll see ..sorry for rambling..🙏☮️

@joanabriggs6636

Жыл бұрын

Amen

@jeanmarston500

Жыл бұрын

That's what I been saying for years there is no shortfall...if they put the money back they took we would not have this problem.

If the government cuts social security you will see a lot of elderly on the streets. Some individuals count on social security to just survive.

@richardbeltran8157

Жыл бұрын

They already are in the Streets

@johnphillips7941

Жыл бұрын

I am one of the elderly who need s.s. to survive & I am very concerned. John.

@joeszwec5620

Жыл бұрын

if they cut it i think you will see a lot of the assholes who agreed to cut it out of a job ..if the elderly just sit there doing nuthing watching crap on tv shame on them

@ZEKEDAWG23

Жыл бұрын

if the government cuts social security your gonna see those elderly at the capitol and itll make jan 6th look like the tour the innsurrectionist republicans say it was! i myself will be at home! because thats not how to affect change! ill just vote! i agree they count on it! i do!

@hm6956

Жыл бұрын

You will find them dead not just homeless..and its so not fair they worked they deserve it

If the government would stop taking money out of social security there would not be a problem

@gregorypecaut7164

Жыл бұрын

Since the money isn't invested, it would still run out. It never was supposed to be your only retirement income. Only a supplement. It's your fault for not saving. Everyone should be putting aside at least 10% of their income for retirement.

@arielsea9087

Жыл бұрын

How about giving social security to immigrants who have never contributed.

@55newcastle

Жыл бұрын

Title 4 pays the states money for every dollar paid in child support. They just take dollar for dollar for every from social security. Stop this stealing of SS dollars. It hurts people paying child support.

@dannyhudson3184

Жыл бұрын

Absolutely correct it's not thier damn money

@sH-gh8ww

Жыл бұрын

The irs was taking all our money and giving to other countries hope the irs is gone and

Stop giving it to people who never paid into it. Bunch of crooks!

@wolfgangschwartzenweintrau6208

Жыл бұрын

Nancy that is the American way. We have lots of money so lets let this happen. Think of two or four million that have come here since Biden is president. They will benefit and our social security trust will be used to pay these bastards out of money we have put into the trust.

@gordonhennefer5074

Жыл бұрын

People bring their parents here from other countries, and as soon as they get here put them on social security.

@chanks9315

Жыл бұрын

@@gordonhennefer5074 Yes! I worked with a guy from Pakistan who bragged that he just brought his mom over and she was already receiving ss!!!

@davidbeebe1718

Жыл бұрын

crooks alright!!!

@richardbeltran8157

Жыл бұрын

Then we have all these X- cons out of Prison who knows what crimes they've committed and apply then get S.S. for the Rest of their lives ,what is that a Reward for their crimes wow

Instead of canceling student debt, money should be put in as. I paid into the program, didn't have a choice, now the money I pd in won't be there to help me in my greatest time if need

@dorothywalters7448

Жыл бұрын

I think those who paid in for years should not be penalized for less people working now.

@richardcee789

Жыл бұрын

Thank you so much Deborah well said and much needed to be said. God 🙌 bless

@arielsea9087

Жыл бұрын

They’re pandering for votes.

@nitzamunoz9113

Жыл бұрын

Paying student loans only benefits the universities and colleges why...because they will give lump sums of money back to the political candidates. It is not about helping the students.

But we must send billions to Ukraine....even though I worked 50 years into SS

@ralphz1238

Жыл бұрын

Why is Biden giving billions to Ukraine and le u

@toniejones425

Жыл бұрын

We always have trillions for war and it's not even on this continent.

@katie4408

Жыл бұрын

Ok Boomer.

@JSmith-tr4vw

Жыл бұрын

I agree! Worked my whole life , from the time I was 16 .Paid into the fund while working a full-time job and 2 part-time jobs. Now they want to cut my payments by 25 % ? Way to manage the fund that many of us rely on.

@SandfordSmythe

Жыл бұрын

SS is a separate fund.

If the government pays back what they have stolen from the account there is NO problems ! 💁🙏😘🇺🇸 !

@arielsea9087

Жыл бұрын

They wrote IOUs never intending to replenish it.

@sandraking3384

Жыл бұрын

That is the true meaning of stealing !💁👍

@marjorieharrington2513

Жыл бұрын

Quit taking our money. We paid in to it and when we need it, the crooked gov. has already helped them selves to our retirement. Karma is payback, let them reap what they sow. " The greedy ones". God is watching.....

@garyhunn601

Жыл бұрын

absolutely

@gloria421

Жыл бұрын

Done stole our money owed to us,now they say that ,theyer giving us stimulus like we on welfare & beggin like bumsb on the street...WoW! So sad,pray for them crooks.Robinhood done robbed the hood.

If the government had to have the fiscal responsibility they expect of all US citizens, things would be vastly different.

@ace1926

Жыл бұрын

There you go David, the magical word - "IF".

Maybe they should put money back in that they took out! Instead of sending billions to other countries!

Some 50 years of The SS Account ALSO has all of the money forcibly "Contributed" by workers that never survived to collect back any pay or benefits... or paid in for 30+ years, and died within just a few months or a few years after receiving benefits... People who paid IN far More than they were ever paid in 'benefits"... Probably 2/3 of my own School Mates have passed away before reaching 70 ... Some 45 to 50+ years of "contributions" with little or no benefits received.

@arielsea9087

Жыл бұрын

My mother and father in law died at 62. Got nothing.

It’s long past time to raise the ceiling on income subject to SS tax. Cutting benefits should be off the table. Our seniors are already vulnerable, given the cost of healthcare, medicine, inflation, and living generally.

@annebentley7578

Жыл бұрын

That’s our money!!!! We are simply paid what we put in

@johnselfridge740

Жыл бұрын

@@annebentley7578 Yes, nobody is unaware of that. SS is more of an insurance policy than a savings account, however. Everyone needs to have insurance or else those who have it would end up paying for those who don’t. Everyone also needs to know they have a safety net in case they become disabled, which can happen to any of us at any time. SS is a great program!

@robertdevoy3119

Жыл бұрын

If they raise the ceiling, they will also have to raise the max amount that can be received per month. The ceiling is limited because the max payout is limited.

@unknownindividual731

Жыл бұрын

The answer is not "Raise taxes" as politicians always use for a solution. It should instead be, to stop pissing our money away on useless programs and welfare to other countries so they will continue to support our corrupt fiat monetary system. Of the cost incurred to support Biden's Ukraine war, it's calculated that less than 30% is used for the intended purposes. The majority ends up as cash in the hands of Ukraine's highest level elites. To me, that's an exceedingly high cost for US taxpayers and other citizens of the world to e paying so Ukraine, will keep a lid on The Biden family's corruption in The Ukraine.

@petethetaper

Жыл бұрын

CUT MULTI billion DOLLAR PROFITS

if they would stop giving social security to people that didn't put money in we wouldn't be in this position!

@FinancialFastLane

Жыл бұрын

Nobody receives "Social Security Retirement Benefits" unless they have paid into the system for a minimum of 10 years. Other government spending may be going to some people that have not paid into SS but those are not SS retirement benefits. Thank you for your comment!

@tracy6947

Жыл бұрын

That would pertain to SSI recipients

@katlive6513

Жыл бұрын

Thank you for this information. You have helped me very much

@beautyRest1

Жыл бұрын

How do you receive SS if you didn’t pay in? I would like to know!

@FinancialFastLane

Жыл бұрын

@@beautyRest1 Social Security retirement benefits are ONLY available to people that have paid the FICA taxes for a minimum of 10 years. People that did not work and did not and pay the taxes do not qualify for retirment benefits. There are no exceptions. There may be other types of benefits someone can qualify for but not SS retirement beneits.

If they cut social Security then the government needs to stop giving themselves big pay raises.They need to stop sending money to foreign countries and take care of their tax paying citizens.

@SandfordSmythe

Жыл бұрын

SS cuts itself. Workers don't want to pay any more taxes.

@ZEKEDAWG23

Жыл бұрын

ABSOLUTELY WHO REALLY WANTS TO HELP THOSE ukranian women and children putin is bombing thats their problem right!

I bet if our “representatives” in Washington had the same health care and benefits things would be different.

@Satjr35031

Жыл бұрын

A lot are on ACA, their Spouses insurance, or get their own

@deborahwygonik7915

Жыл бұрын

Absolutely!

This is why I told my advisor to not plan for SS. I don't want to depend on that money being there. This is criminal. If they can't give us the benefit, then stop taking it out of my paycheck.

I think if its good enough for the average citizen to pay into the SS system, it ought to be good enough for politicians. It ridiculous for them their own retirement system.

@SandfordSmythe

Жыл бұрын

All federal employees pay into SS. Since 1986.

@timothyroatenberry1274

Жыл бұрын

Remember Joe saying ( pay your fair share ) guess that was everyone but HIM or HUNTER !

I’m 82 years old and my husband has passed but from a small pension I get from his retirement and social security I end up paying income tax of over $1000.00 plus for income tax. I think at a certain age you should not have to pay taxes what do you think?

@dinahsoar6982

Жыл бұрын

I agree.

@Satjr35031

Жыл бұрын

What State are you in?

@katie4408

Жыл бұрын

NOPE.

@maggieobrien7280

Жыл бұрын

the democrats have introduced a bill saying exactly that! st ronnie STARTED taxing social security!

@wolfgangschwartzenweintrau6208

Жыл бұрын

Oh mam, That makes to much sense.

I understand the situation. But losing about 300.00 a month considering how I struggle now I'll have to look at Bankruptcy as an unwanted option.

My father worked all his life for IBM and was a WW2 vet and died the yr he started to collect. How many more have died like this and where is that money.

@juneduckett337

Жыл бұрын

Ditto, my father as well

@robertdevoy3119

Жыл бұрын

That's the scam part. The money he paid in is swallowed up by government. In a private pension system that money in the account has to be paid out to heirs or spouse. But with SS they get to keep the money.

Where is the count of our American citizens that never made it to retirement? May they rest in peace 🙏

@rannyhammond8138

Жыл бұрын

My grandfather was one of those who paid in and died before he ever collected one penny!!!

@arielsea9087

Жыл бұрын

My mother and Father in law both died at 62.

@rannyhammond8138

Жыл бұрын

@@arielsea9087 sad

@Probe253

Жыл бұрын

@@rannyhammond8138 May they rest in the Arms of our Heavenly Father 🙏

@l.e.smalls

Жыл бұрын

Most having already paid in to this exacted numbers accounting system. So how did it get out of kilter?

Crooked politicans stole money from Social Security and they should be made to put the money back or go to prison for stealing.

@ps_nyisgone

Жыл бұрын

stop the steal

@deborahwygonik7915

Жыл бұрын

Go after the high income people who do not pay taxes thru loopholes.

@garyalford9394

Жыл бұрын

Like Pelosi and Shumer

@johnphillips7941

Жыл бұрын

I COMPLETELY agree, Steve! John.

@user-bh3ew6ii4g

Жыл бұрын

I think they should both go to prison and have all their assets taken to pay back into the SS coffers. 50 years ago my father told me that the math didn't work out, that at some point they wouldn't have enough to pay out SS from the people they took it from. He thought it might even happen in his lifetime. They have managed to float it along until now, It's happening in my lifetime.

They should have saved all the money we payed in an account we payed but the gov spent it already

@arielsea9087

Жыл бұрын

But there are billions for Ukraine.

@kangaroojack7678

Жыл бұрын

That’s what I mean they always have money for wars but not for there people we work for years 60 years so they can tell us that there going to cut are soc sec checks ridiculous

@DavianSinner

Жыл бұрын

You don't understand how it works apparently. It's a pay-as-you-go system. People working now are paying for people receiving SS. When you start taking SS, other working people will be paying yours.

Employers should be made to pay 6.5% taxes into social security for non citizens working for them . Employers are getting labor on the cheap and are able to not have to pay to help social security.

@sureshmenon252

Жыл бұрын

Why should employers be made to pay 6.5% taxes into social security for non citizens? Green card holder contribute into the system and get get benefits from the system, only if they live in the US. US Citizens can receive benefits regardless of where they live in the world. Any other people working in the US are required to put into the system, but cannot receive benefits. All the stats quoted should have been know by the politicians for decades.... they keep talking about social security reform ... but nothing gets done. You are also taxed on your benefits (upto 85%) of anything over certain thresholds, which I think is wrong. However it is what it is. and ain't going to change.

@rebeccalindley153

Жыл бұрын

Non-citizen employees pay into SS.

@thomasword5762

Жыл бұрын

Your best chance for keeping your social security is to vote Democrat because Republicans are talking about wiping it out all together and the never talk about you not having to pay into it even if it is wiped put.

@richardwaugh2049

Жыл бұрын

Non citizens should never receive SS

@gregorypecaut7164

Жыл бұрын

They do. It's called employment tax. And it's 7.75%.

Hello Lane, I ALREADY SAW A DRAMATIC CHANGE!!! I received a letter from the SSA stating that THEY made a mistake and that I would owe them $3,500 with no other comment or explanation. So I sent a letter to the SSA in Birmingham (AL) with a request for an explanation. The “answer” was “SSA will pay $0.00 of SSA benefits until March 2023 with no other comment or explanation. The teller at the local SSA responded with “It’s all your fault. It’s in the computer”. Asking “Why” and “What went wrong” was answered with “I don’t know”. I feel like legally “RAPED” since the SSA “IS ABOVE THE LAW” and can come up with ANY CLAIM at ANY TIME claiming ANY AMOUNT with NO EXPLANATION and I will NEVER see any SSA benefits for what I paid 25 years every month. PLEASE ADVISE. THANKS.

@FinancialFastLane

Жыл бұрын

It sounds like you are experiencing the earnings limit penalty. You are penalized in this way when you have earned income above $19,560. I'm guessing that you started benefits before your full retirement age and you are still working, is that correct?

@jackahrens7617

Жыл бұрын

Maybe one of the new 80,000 plus agents could figure this for you I'm sure it would be no problem. I'm sure because the tax code is not very complicated on cold they can have these people up and running faster than Putin can raise his army back. No problem for BIG government.

@tracy6947

Жыл бұрын

Sounds like you're leaving out some details of the full context of the letter received from SSA

@loish.7923

Жыл бұрын

@@FinancialFastLane If one retires at age 62 and draws from a 401K...is that draw considered part of the wage factor of $19,560?

@FinancialFastLane

Жыл бұрын

@@loish.7923 No, Only W2 income or net business income.

and also keep the politicians out of ssi. that money in there should be for seniors only. PERIOD

@deborahwygonik7915

Жыл бұрын

Just imagine all the elderly government with they're salaries, plus, SS, plus having the ability to buy stocks.

Social security takes your money in thru the front door, then goes out the back door.

@marilynhudson5805

Жыл бұрын

Exactly 💯

If social security gets a 25!percent reduction in our payments we will be no better than a 3rd world country in fact not as good.! Leave us alone.!

@wolfgangschwartzenweintrau6208

Жыл бұрын

Heck lets give all the countries in the world our money. It is so un belivable we have idiots running the country.

@chrisbraswell8864

Жыл бұрын

After Biden it ain't worth much now.

@kevingerrard7658

Жыл бұрын

Other talking heads say fee getting an 11% INCREASE attributed to an increase in COLA.

When I was around 12 years old, I noticed that my father's Social Security Check was green and on the top of the check it said PAYABLE TO THE BANK OF LOUNDON. Hmmmmmm, I asked my father why it said this, and he told me that Americans Social Security money first went to the Queen of England who took her cut out of it then she sent what was left to the POPE who took his cut then a small amount was sent back to America to be handed out to us citizens. England set this up because we went thru two wars with the Crown but were broke and England knew it so they told America they would keep waring with us until they won. We agreed to this scam by the queen to keep England away from us. Our checks would be $5,000 if it wasn't for the Royal Family stealing from us right now.

@juneduckett337

Жыл бұрын

This is true, the ss cards were printed And it shows how this was done

@DavianSinner

Жыл бұрын

That is the dumbest thing I've heard so far today.

Well if the federal government would spent the money it takes in properly, And not spend it on perks, other countries and the overall massive waste. Their would be enough money to help all Americans.

@richardkalbfeld

Жыл бұрын

Israel alone gets billions a month of our taxes. That alone could support Social Security indefinitely.

Why doesn't our government pay back to the people the social security benefits they took from the general public??? They squandered it all.

@DavianSinner

Жыл бұрын

They do pay it back, when you retire and take Social Security benefits.

What??? OMG! But we can send trillions of dollard overseas !

@cbass2755

Жыл бұрын

Yep. It’s the retired, elderly, disabled they to crush

You neglected to say that the ss fund added a huge # of disabled people, rather than keeping them within the SSD fund, as I understand it...Years ago, millions of 'drug addicts' were able to claim government subsidies under the SS fund...so, it just depleted the resources that were meant for retired workers...I'm sure others have dipped into the fund as well...So...that is my understanding of how the SS topic has been on the agenda for decades.

@marjorieharrington2513

Жыл бұрын

Our wonderful gov. has allowed the drugs to be let in to help keep people enabled, but gov. Gets their kickback, as long as gov gets their money, why would care & how about the homeless, another shocker. I can't believe how shameless they are. Discussed citizens... ....

@thegirlsilove

Жыл бұрын

@@marjorieharrington2513 I can say one thing....personal responsibility....I'm not a drug addict, derelict, homeless, or unemployed person.... I don't want to pay for drug addicts or lazy, stupid people....I'm ok with paying for 10% of the 'real' needy people, with mental illnesses such as schizophrenics, and psychotics, etc...they are victims of brain chemistry and genes. I blame the ACLU for all of the mentally ill that are living on the streets....after winning a case for the 'rights' of the mentally ill not to be housed in facilities or take medication to help deal with their mental illness ....this resulted in the closure of about 90% of mental health facilities and left those people out on the streets to deal with life's struggles. Drug addicts...don't care about them...let them eat dirt. BTW...I agree with you about the government colluding with Mexican drug cartels...just look what Obama and his gang did while they had the reins of government. They're all multi-millionaires...drug payouts, payola for favors...now it's the fake president that is in the position to make millions more...Trump was cleaning the swamp until the corrupt demo-crats installed voting machines that could be manipulated....given a brain-damaged Biden the position. No one in their right mind believes that Biden beat Trump with 81 million votes.

The government needs to pay back what they have took and put our citizens before other countries

Be prepared not surprised

Oh boy….I just started listening and I’m nervous already……

How much money has the government taken from Social Security.

First, take the last Trillion the Biden Administration printed for the green new deal and put it in the SS trust fund. 2nd, start taking at least a billion dollars of the trust fund per month and put it into the S&P 500 for the foreseeable future. The markets will rise helping all Americans and we will never have a SS shortage again. SS will not be there if we continue to let politicians manage our money.

@Satjr35031

Жыл бұрын

Too bad we couldn’t take back Two trillion from the Trump administration 7.6 Trillion he added to our deficit

Great this is what I get for 45 years of paying in to SS

@maggieobrien7280

Жыл бұрын

dont listen to this because the republicans have been moaning about soc sec since 1935! they will at the very last minute raise the cap on it and you too will get it!

They are trying to figure a way to take the 2023 ssa raise.

@luciantaylor9233

Жыл бұрын

That's the way it seems to work

@bcase5328

Жыл бұрын

2022 raise was countered by Medicare premium increases.

@toosexy7955

Жыл бұрын

@@bcase5328 I didn't fall for all the advertizing they do daily, my phone stays ringing all day from ss board, I bought me a supplement..CHEAPER!!

@Satjr35031

Жыл бұрын

@@bcase5328 Medicare going down $5

What about all the money from SSI that was "borrowed"by the Congress and have the money start being paid back?

@SandfordSmythe

Жыл бұрын

SSI is something else

What about that so called excess that the govment" transfered" to the general fund back in the late sixties and seventies? How bout they reimburse that money and quit dipping into it to line their own pockets...I for one have contributed since I was 12/13 years old. Living as a hired hand on different dairy farms. Now they want me to give up part of my retirement because they got greedy and stole to much. I say nay nay!

That idea would force alot of Seniors out of their homes, onto the streets.

Maybe if we quit sending billions (trillions???) to other countries or paying off student loans for people who pledged to payback the loans when they took them, then we could fund social security as promised to us for working and paying into it ALL OUR LIVES -- 50+ years for some of us! I AM SERIOUSLY UPSET WITH THE WAY THIS COUNTRY IS TREATING US! This is just one more way to kill us off without firing a gun!!!!!

@deborahwygonik7915

Жыл бұрын

It didn't start just now. They've been taking out for years.

Social Security has been raided by many new benefit programs since it's beginning. All with good intentions. But the program was not meant to cover all those needs. That said, one way to extend the drop dead date of the program, would be to require 'means testing'. I know that scares many people. But the people that this would effect, are those with multiple pension incomes and truly wealth people who are needlessly taking money they don't need.

@mwladd6397

Жыл бұрын

My wife and I were in business for 17 yrs. We not only paid in as most we also matched that rate as an employer. So we paid double as most business owners do. Your employer is required to match yours also.. As an employer we matched those hired and we paid in our own as well as matched our own. It’s just part of it and we are not complaining about our responsibility! Only unhappy for anyone losing out and we are not happy for ourselves as we know A LARGE PART OF THAT LOSS FOR ALL OF US do to mishandling in a way much worse than will ever be told! It started long ago. Yes I hear the numbers quoted all the time. Yes we understand the math! Or do we? This was planned carefully before the inception as well as the obvious fact that adjustments would be needed in the future! It was also understood that many would come as life progressed! If it is as simple as we are told then you must take responsibility for calling out the simple stupidity of those elected officials that implemented this many years before. Maybe we could go on knowing or appreciating how stupid we must be, as well as the implication of our government leaders stupidity back in the day. We are to believe some how that in the same amount of years only few advanced or EVOLVED to this place of utmost intelligence! DNA?

There have also been changes that give SS benefits to many who haven't contributed or have contributed for so short a time as to strain the system. And how many illegals are being paid by CASH in this country today who are NOT paying into the system but will soon start collecting benefits? Several million.

@SandfordSmythe

Жыл бұрын

Illegals are not given federal payments.

When a spouse passes the other spouse can draw either his or her benefits, whichever is higher. If there is no other spouse, well, who knows where it goes.

Everybody should be paying, not just up to a certain salary.

@katie4408

Жыл бұрын

YUP!

@SandfordSmythe

Жыл бұрын

And every one collecting based on what they paid in?

@garyalford9394

Жыл бұрын

Pelosi is giving it away as fast as she can !!!

Inflation is already eating away at all retirement pensions/benefits/savings which are fixed benefits that do not have inflation adjustments.

@dorisshanks7295

Жыл бұрын

The COLA is the inflation/cost of living adjustment calculated each year.

@DavianSinner

Жыл бұрын

Yes, they do have inflation adjustments.

@dennissalisbury496

Жыл бұрын

@@DavianSinnerYes, some pensions do have cost of living adjustments, and some don't, most importantly do they keep pace with inflation that is driven by political policy?

Live in the moment is the solution for me personally.

Thank you for breaking it all up...what you're saying will all make sense if everyone will work together and use their brains. I agree about Medicare probably having more problems in the future. All I can say about me is that I claimed soc. sec. early at 62 and so glad I did!!!!!👍

@nitzamunoz9113

Жыл бұрын

Me too

I'm glad that you touched on raising the taxable income to support increased SS liabilities. It's one thing you never hear much about, only "cutting" benefits. Those affected by a tax raise, not the tax rate, but the maximum income taxed, would feel a little pain yes, but not like raising the rate on lower middle and working class taxpayers. This problem has been kicked down the road for decades, as this video suggests, and now is the time to finally right the ship.

@bcase5328

Жыл бұрын

There shouldn't be a cap on individual contributions. If the rich can receive SSI payment, they should be paying in at least as high a percent of the finances which they gain in the year (regardless of the source, "income" or not, taxable or not), as someone earning an income of $50,000.00 a year.

@wolfgangschwartzenweintrau6208

Жыл бұрын

and congress continues to dip into the Social Security trust fund. Shame on you for what you are doing to the American Retirees. Keep your hands off of our retiremennt.

@gretanorman2065

Жыл бұрын

His chart is a little skewed. He left out the fact, in 2020 through 2022 this Whole country was locked down due to COVID-19 with many ppl not working/ paying taxes. Very little was being paid into Social security with much paid out, causing rapid depletion of funds.

@robertdevoy3119

Жыл бұрын

@@bcase5328 There is a cap because the benefit is capped.

@robertdevoy3119

Жыл бұрын

If they raise the ceiling, they will also have to raise the max amount that can be received per month. The ceiling is limited because the max payout is limited.

Let's start with the obvious and cut out the life time pension for Congressional politicians. They have sat on their hands and ignored the SS crisis for fear of hurting Their careers. Did you know a single term (2 yrs) in the House can get you a lifetime pension of your full six figure salary? Did you know SS wasn't taxed until the 1960's? The fact is that Congress, "borrowed" $2.9 trillion from Social Security.

Thank you for covering the subject

thank you for sharing your post today, I find it both important and enlightening to listen to. it helps me to prepare for the future to come for real. keep up the good work ok

the real reason SS income is suffering is that the coffers were raided and never paid back... and now our gov't feels the SS income is an 'income stream' instead of saving it for retirees. Check history the Soc Security funds were raided !

@thomast3570

Жыл бұрын

Where can I look this up? The SS web site says something different, but they are probably part of the conspiracy Come to think of it, everyone seems to be part of the conspiracy and keeping the truth from us.

@SandfordSmythe

Жыл бұрын

I checked them. What was raided?

I remember (during the Clinton administration) seeing ads in magazines showing a man carrying a gas can and walking along a highway, with the caption, "Social Security: It won't run out."

@billysolhurok5542

Жыл бұрын

I think about what NAFTA did to many living wage jobs

Make people in that make millions pay their fair share without any ending number.

@SandfordSmythe

Жыл бұрын

They do already.

@deborahwygonik7915

Жыл бұрын

There are lot of the people making millions who pay very little or no taxes. President Biden is planning to hire more IRS employees. 30,000 IRS employees will be retiring and the plan is to have more IRS employees going after the 1% making $175,000 or more to pay their taxes. The average folks will not have to pay more taxes. Bernie Sanders is working on a plan with Lindsey Graham to come up with a plan. It's Ron Johnson and other Republicans who have been trying to remove our SS every 4 years. It's the Democrats who have worked to save it.

It's fixable. Bring manufacturing back to America. Get more people working and paying into SS.

To save SS the government must remove income cap!

@robertdevoy3119

Жыл бұрын

If they raise the ceiling, they will also have to raise the max amount that can be received per month. The ceiling is limited because the max payout is limited.

Why does the tax end at just shy of 100k when those at this level can most afford it? I'm a conservative but I am incredulous as to how this fix could have a major upside. The iou's in this fund from the government treasury are worthless as the current pretend administration.

How about the gov't stop giving away milions/billions to other nations and fund SS...my baby girl will be short changed after working like a dog her whole life. MAKES ME MAD.

Thank you there is a better understanding for me . Thank you for your time.

He is so calmly stating such good news for seniors. So, I agree with some other comments, the government needs to stop taking funds out of SS for their general fund for their stupid pet projects, raise the SS taxes on over a certain earnings if necessary since our government can't seem to financially run the country. This is almost a scare factor to keep us feeling so unstable it only made me distrust these videos.

@robertdevoy3119

Жыл бұрын

If they raise the ceiling, they will also have to raise the max amount that can be received per month. The ceiling is limited because the max payout is limited.

@mariagregory974

Жыл бұрын

Most of the people in government today are crooks, haven't you noticed? And have you noticed just how many have been "bought and paid for" by crooks to do they dirty work through the government and have "excuses" to explain to we the people "why we are having trouble" with our money today?? All a bunch of crooks.....and notice how "rich" they are!!! They all belong in prison! We all need to stop being meek and mild and come out fighting and tell our government we have had enough of their lies, that we worked our buns off for years and paid our dues and we aim to collect what is rightfully our money. Otherwise, we were just slaves so others could take what we earned, for their own spending! That's what it looks to me....what are your thoughts? I, too, paid into SS since I was 16 yrs. old, too young to understand what retirement was all about back then, and I am now 84. But the bottom line is, we have crooks in all levels of our government who dipped into our hard-earned money, telling us today we may have a "25 percent reduction" in our next COLA. They had better start calling in All the debts owed to SS from the many entities out there! House Speaker Pelosi mentioned that they had to borrow $2 Billion from the SS Fund to pay for the 1st Impeachment of Pres. Trump, only to find out they had nothing on him.....money wasted!! Did they repay that money......probably not. It's wreckless spending and they probably don't care as they think we would not notice! I'm almost sure Pelosi isn't the only politician who dipped their fingers into our SS Fund!

@billysolhurok5542

Жыл бұрын

@@robertdevoy3119 The lawmakers could change that,if they so choose

A 25% reduction is the equivalent of no cost of living adjustment for 3 or 4 years. howerver in 13 years we could have 25% inflation and we would just forgo the "cola" for that year. Another factor is people are dying for "cause unknown " and "sads" , sudden adult death syndrome. They are dying at a a 40% increase above the "baseline" . As this continues the 2034 date will be moved outward further and further.

We have a lot of people retiring but we also have a lot of people dying. No way in hell they will ever get a 25% cut through

all we have to do is get rid of the income cap, Problems solved, and the SS actuarial 's agree.

I watched this whole video to find out what changes were coming and at the end he says He Doesn’t Know. I feel like part of my life was just wasted lol

@FinancialFastLane

Жыл бұрын

I'm not sure how you could have missed it. It is near the beginning of the video. The major change is the 25% reduction in beneifts.

Thanks Lane. I look forward to your videos and find them very helpful when planning for the next 10-20 years.

Social Security has been a blessing for my wife and me. However, we prepared well for living off our SS benefits. At the time of retirement our home was paid for, our bills were, and are, few. We live quite well, have traveled a lot, have kept our health in check. Thank you Social Security, you have made our retirement enjoyable and livable.

Aside from all the comments here, Social Security was never intended to be an open checkbook for the government. That money belongs to the people of this country, not the criminals in office.

@SandfordSmythe

Жыл бұрын

It was intended to lend money to the government.

@SJMatta

Жыл бұрын

@@SandfordSmythe Where did you get your information?

@SandfordSmythe

Жыл бұрын

@@SJMatta SS Act of 1935. All surplus funds are invested in government bonds.

@SJMatta

Жыл бұрын

@@SandfordSmythe After reading the act itself I am to understand that they took half of the social security paid in to create a Federal bond fund to enrich the Treasury? I've never heard that and most information online was what we read in school. That portion was omitted in the textbooks.

@SandfordSmythe

Жыл бұрын

@@SJMatta They took the surplus - the money not paid to beneficiaries. I don't know where you got that half figure from. There is no SS Fund in the Treasury, and it becomes cash that is all mixed up with everything else. The SS Fund is in the certificates held by SS. What did you think happened to the cash that was paid in? It needed to be invested and the banks and Wall St were not good places.

The government should just remove the Soc Sec Tax, income limit. Let people making $300-$400k a year pay SS and Medicare taxes on ALL OF THEIR INCOME. Then add a separate Soc Sec, and Healthcare tax to any corporation that makes over $100 million a year. With more than 500 employees. Must have both. A tax of Just 3% will work. 👍🏾

Their going to put us all on that CDBC….

What I was taught in high school was that the IRS finances was used to pay down the national debt and property taxes was what the government used to spend on government infostructure including Medicare government pensions etc

Higher tax threshold (or remove it altogether), age of eligibility changes and perhaps lower the maximum monthly payments. They should all be considered to stabilize SS. Perhaps you can address the truth/fiction behind those that believe the real problem started when Gov't started borrowing money from the SS fund? Thanks!

@KatieLibby1315

Жыл бұрын

The higher tax threshold impacts the wealthy so it will their last choice.

@charlottewatkins9865

Жыл бұрын

And who are you to claim this BS?? Of course it's because the money was stolen with the intent of never paying it back by our trustworthy politicians!!

@robertdevoy3119

Жыл бұрын

If they raise the ceiling, they will also have to raise the max amount that can be received per month. The ceiling is limited because the max payout is limited.

@charlottewatkins9865

Жыл бұрын

What the hell's the matter with you?? If the politicians would pay theur SSI loans back, SS would be fine. I thought it was the law that they had to pay back all of this barrowed money. I don't see anybody stepping forward. Like usual we the ppl are now psying for it BIG TIME. This bull shit needs to friggin stop an d the government needs to pay it back NOW.

@marjorieharrington2513

Жыл бұрын

They will always keep us from our money. Their way to control . Never ending . Just more lies & more lies....

Can you tell us SS seniors that the SS had been spending billions of our money which we put into the SS Fund every month faithfilly, so we'd have it when we retired? I read an article where SS was paying out billions for trafficked children and also paying $1500 to the CPS( Child Protection Services)!!! Let us see video of what and who got the billions for the trafficked kids....using OUR money we put into the SS Fund , and then telling us that there will be a 25 percent reduction in our monthly funds! Since when does any org. in govt have the right to raid our SS Fund and not ask for our permission? And yet, our COLAs are so small that we are really hurting with everything being so high in prices that our COLA can barely cover our grocery bill in one shopping trip! Come out and tell us the real truth about why we are getting such low COLAs but the SS can spend billions for trafficked kids. and then pay the CPS members (?) $1500 for each child...is that supposed to mean the CPS workers are also trafficking children too?? How true this article is, I don't know, but we deserve to know the truth...it is our money taken without our permission....what does that spell......theft! We should be living in luxury in our retirement today with the billions in the fund! Tell us the truth!!!

@deborahwygonik7915

Жыл бұрын

There's a video where Bernie Sanders and Lindsey Graham talked about Social Security. I searched it on KZread and found it.

Will a reduction in benefits be for future recipients only or will those currently collecting also take a cut?

@deborahwygonik7915

Жыл бұрын

The plan I heard is that we ALL get reduced Social Security.

@robertdevoy3119

Жыл бұрын

@@deborahwygonik7915 That's a sure-fire path to losing an election. Those who are currently collecting won't stand for it.

Clearly explained. Thanks.

Wait! Wasn't COVID supposed to solve this problem?

@roymadison5686

Жыл бұрын

Covid began to solve the problem . It was the "vax" that in time will have solved it.

@loish.7923

Жыл бұрын

The jabbs are the back up plan.

what changes could be made to prevent this?

Hi sir I have a question. I’m resaving Veteran pension from may Husband so do you advise me if I can get also a pension from SSS as a surviving spouse? Waiting your advice thank you

Social Security is the third rail of politics. Any politician attempting to end it is in for a shock.

It is wrong all those that paid in for all those years to have to take a cut. We should continue to get our SS as we always did and those that came after have time to figure out how to change their eventual problem. Those Congress people that served during this time should have all their SS and other government income taken away because of their terrible job of managing SS.

Both could of been shored up by many ways long ago. Remove the caps so everyone pays at 100 percent of their income, use the money on the GW wars into the program rather war of desire. The longer they waited they knew the more the pain that fix.

@maggieobrien7280

Жыл бұрын

thats exactly what they will have to do!

@robertdevoy3119

Жыл бұрын

If they raise the ceiling, they will also have to raise the max amount that can be received per month. The ceiling is limited because the max payout is limited.

We have NO representation!

There is no "Trust Fund" to begin with, it's a pay as you go system. It's already been completely depleted.

@FinancialFastLane

Жыл бұрын

It is a pay as you go system. From the 1980's until 2020 there was a surplus and the surplus was put into the trusts. Accouring to the Social Security Administration there is about $2.9 trillion in the combined trust funds and they are expected to be depleted iby 2034.

Yes & how Many young People have entered the Working class each year?

We’re in trouble. Us older people will need to find part time work. Jezz..maybe even full time to supplement the loss.

@tommyboy500

Жыл бұрын

The government likes to piss our money away...they would spend it On other countries....taco breaks just about anything but shuring up social security.the funny thing is that we let those as.j.ol.s do it.....shame on us. If a senator and Congress 🍖🍖 meet our demands to subsidized social security then vote them out. And as far as republican go....they would like nothing more than to end social security and yet these dopy bastards keep voting for them..... Amazing!!!!!!!!!!?

Why do those that make over $147000 not pay into SS? Seems absolutely wrong that the higher income earners pay nothing but will draw when the retire.

@SandfordSmythe

Жыл бұрын

They participate up to that level. The pay and collect up to that figure. They don't have to worry about retirement resources.

@robertdevoy3119

Жыл бұрын

They pay the tax up to a $147k limit because the monthly benefit amount is capped. If they raise the ceiling, they will also have to raise the max amount that can be received per month. The ceiling is limited because the max payout is limited.

@deborahwygonik7915

Жыл бұрын

Bernie Sanders and Lindsey Graham are working on a plan.

It better not go down.

this is the answer. raise cap to $1,000,000 per year on social security taxes. raise taxes on those that make over $100,000 per year. at same time get the bums off welfare and medicaid. stop people coming into our country and we support them. these are the ways to fix our system !

Stop payment to Student loans you don't have the money you have pay the money you took out of our pay checks

What happened to the benefits of the people that have died in the last few years. Where are those benefits?

@FinancialFastLane

Жыл бұрын

Social Security is an insurance program not a savings program. Mortality is already calculated in the numbers.

They don't give a damn. Usually by the time people apply for it they don't live much longer as a result of working all their life. This would also be unfair to people who have paid into it all their life and can no longer work.

@ps_nyisgone

Жыл бұрын

yep screwing most those who paid into it for decades and will be in a few years or just retired. unbelievable.

Deflation of a recessions could make the small dollars more valuable. also recruit more workers to pay in Also .make it possible fro workers to pay extra in to get extra later.

Take them to the liberal's pockets!! STOP THAT PAY RAISE TO STATE OFFICIALS !!

As someone who is self employed and required to pay about 15% into this scam I wish it would just go away or they would let me opt out. I could manage that 15% much better then them

Buy it needs to think about putting money in Social Security instead of giving them this money away to people doesn't need it and child credit and also the college debt relief the kids have College bills loans they should pay him we shouldn't so that money that fights given the way it should go into the social security so people when people retires they have money to retire on they deserve it

Maybe it wouldn’t go broke if Congress wasn’t giving everybody’s spouse that didn’t work , half the amount of the spouse. Only the ones working that paid in should be drawing it.

@renegade382

Жыл бұрын

If you have to go on Social Security disability they will give each child under 18 1/2 of what you are being paid each month also.

@Ember_Sky

Жыл бұрын

Renegade, not always. I was born with a disability, birth defect, and though I did try working when younger, it did not work out well for me and I got back on SSDI... I had my son when I was 32, and he is now 11. He only gets $26 a month for having a disabled parent, to add to my $870. He absolutely does not get hardly a fraction of what I get, and we get no child support from the deadbeat dad either. I have heard of others who get a lot more than my son does, but for some reason SS told me that even if I had another kid (which I will not) that I would get no more money for that kid and the $26 is all my son will ever get. I have no idea how other minors with a disabled parent get so much more, but I know it's true that they do.

@ja1505

Жыл бұрын

What about the hundreds of millions being spent to take care of millions of people who are in the country illegally? How about the billions already sent to Ukraine?

In 1935 the Townsend plan was designed to start at age 60. Roosevelt stole the idea for his new deal plan from Dr. Townsend in1935.

@wolfgangschwartzenweintrau6208

Жыл бұрын

and Max Bear the world champion heavy weight boxer from Livermore, Calfornia was the go to jerk that was used by the Democrates to promote it.

@SandfordSmythe

Жыл бұрын

Lot of ideas around then.