Congress get full pay for life After five years. I believe. Raise that to 30 year's service
@khicks6911 сағат бұрын
Devin, I’m divorced, married for 37 years. I’m told that his social security benefits will be my SSI. Is this true?
@cindyk414511 сағат бұрын
They want is to work till we die basically…
@cindyk414511 сағат бұрын
According to ed weir they are not stopping spousal benefits.
@cindyk414511 сағат бұрын
Its hard enough to work till 67, most people retire early. 69 is too long.
@briantichy963618 сағат бұрын
In the calculation, what about interest earned on SS payments received between the first age used in the calculation and the second age?
@jamesmorrow4991Күн бұрын
I'm 62. Is it the earning limit 22,300 + your SSI 1154 x12=13,848. Or is the SSI included in the earning limit of 22,300?
@DrakeTheFamilyКүн бұрын
Thank you for this video. This WEP is complex and difficult to understand. I have been a Speech-Language Pathologist working as a contractor for the schools and now have 25 years of "substantial earnings" according to the social security substantial earnings chart. My question is this - If I did decide to actually go work directly for a public school in California and HAVE to start on CALSTRS pension program, the chart says I would only get 65 or 70% of my social security benefit as it would be my 25th or 26th year/line on the percentage chart. I'm confused with the part of your video that shows maximum WEP reduction after 20 years. Is that per month or annual? I'm guessing it's per month to equate to only getting 65 or 70% of my social security benefit as in the chart? Thank you for your willingness to answer these confusing questions!
@robertoramirez44Күн бұрын
Let's go Brandon
@patricianavarro6645Күн бұрын
Devin, does alimony count toward the SS earnings limit
@Carpenter1Күн бұрын
Don’t rely on social security folks, it’s only a small supplement for retirement
@judyhalsell9510Күн бұрын
Another plan to kill the elderly. Maybe if they would not have started giving illegals who never paid into it and government would pay back what they” borrowed “ and never paid back this would not be happening. Corrupt government has killed many Americans and now this.
@DAS2165Күн бұрын
Cut the fraud of disability benefits from lazy free-loaders who milk the system !!!!!
@susieqrash4668Күн бұрын
Exactly
@Astral8782 күн бұрын
Trump has no plan to save SS he was ready to get ready to eliminate the payroll tax that funds SS and medicare if he won again. This is Trump apologist bullcrap!
@paulhiles67072 күн бұрын
Should SS benefit be means tested? My opinion is no. This is a slippery slope that government has already started down. It’s too easy for the government to keep reducing people’s entitlement in order to save SS. Let’s fund it correctly in the first place so retirees get their full entitlement no matter how much earned income they have in retirement
@robertace59232 күн бұрын
Hello, I have a similar experience in California also. My children's mother passed away in March 2024 at the age of 59. I was married to her for 14 years, we divorced and I never remarried, and I am 61 I will be 62 in October. I was told by an SSA agent when I called to check on my own early retirement since I'm a disabled veteran living off of my meager va 10% disability. He explained I should be eligible for surviving divorced spouse benefits. I applied through him and waited for the appointment in May. Talked again to a local SSA agent in California filled out everything, and turned in the divorce original, and the Marriage license as requested. a month later got a denial stated,: application for widower benefits denied because I wasn't married at the time of her death,? So confused and dismayed, but I did file the appeal. Am I wrong or are they? Why woud I present as requested a divorce decree, I I was applying as a widower which I wasn't?
@MWCCS9892 күн бұрын
You sound like an insurance salesman. I can't take you seriously...
@michaelsalita67022 күн бұрын
If the government hadn't took money out of SS IN THE PAST, it might be different.
@Robert744502 күн бұрын
First we have to assume that people would not spend what as took out of the check if we gave it to the person how many emergencies would have come up and whoops it’s gone
@warrenallen83002 күн бұрын
In spite of all the laws of man you, do not own the people
@warrenallen83002 күн бұрын
Why are the American people forever paying for what John Hinkle did, a blanket punishment, just because of one man's stupidity,we the people must be All guilty of his crimes,
@leocastelo63112 күн бұрын
When you and your spouse are both on full retirement age. Can you claim spousal benefit now at age 67 then claim your own benefit at age 70? By initially claiming spousal benefit at age 67, Will you get the step up benefit (delayed retirement credit) for waiting to claim your own benefit until age 70?
@solskengroupllp27582 күн бұрын
I have no respect for Dave Ramsey. Much of his advice is crap, intended for people with inept financial and self control issues.
@straitjacketstudios2 күн бұрын
great tool. thanks!
@mikelee69362 күн бұрын
This is the biggest ZERO I have suffered thru Probably in my 75 year lifetime.
@chriswhite62183 күн бұрын
It's always been a second income tax.
@raulperez98463 күн бұрын
Republicans have no plan to save social security. If they increase the age it will not fix anything. He gave a tax cut to the Rich, big Corporations, Companies, millionaires, Billionaires President Biden and Democrats have a better plan. If you believe what the Republicans are try to sell you. You have not opened your eyes yet. Trump and mega Republicans cut taxes to the Rich and Rich companies.
@bytehauler3 күн бұрын
"Get the Ultimate Social Security Cheat Sheet"......How?
@MikeR-m4o3 күн бұрын
One question I cannot seem find an aswer to. Does the Adjustment to Reduction Factor also apply to spousal benefits like the Reduction factor does? Will spousal benefits be recalculated also?
@lwells39373 күн бұрын
But Trump's a liar. He says what people want to hear so he can get votes. Every policy he passed helped his rich friend and he's vowed to give them MORE tax cuts. We haven't had a surplus since president Clinton left office with the largest surplus in history. It only took Bush and his Republican Congress to give us the largest deficit in history, that is until trump came along
@user-mb4wh2xf5c3 күн бұрын
I retired 8 years ago and the day I retired I swore I would never work another job as long as I live so they can make all the rules they want on this.🤣🤣🤣
@rondodson57363 күн бұрын
I always thought social security was to be a program to help in retirement, not be the sole source of income. However i know people who it is their sole or almost sole source of income, ad life is very tough for them. Personally i was very lucky and have more than one source of income retirement. Partially from planning and partially from luck, but i am in a great financial position now that i am retired.
@rondodson57363 күн бұрын
If someone makes a comment here, then i have to wonder, will the govt use something in these comments to ban someone from buying or owning a firearm. I believe our forefathers were some of the most brilliant men in history when they wrote our Constitution and our bill of rights. I support them totally. I also support reasonable gun laws including background checks. I believe some people should be prohibited from owning or having access to guns. I try to look at both sides of the issue. I also look at countries that have banned people from gun ownership and the results of how their lives are effected today from it. I am pro police but with crime running rampant today it is not reasonable to expect the police can always be there to protect one or their families from harm.
@everlastingarms30653 күн бұрын
I remain confused because after watching dozens of videos on this, nobody has addressed this scenario: Worker is 10 years older than spouse, both worked but worker made a lot more. Worker already started collecting. If the (younger) spouse begins to collect their *own* benefit at 62, then waits until 67 to collect the spousal benefit (i.e. supplement), is the spousal benefit reduced because the spouse started collecting their own at 62? Or is the spouse entitled to half of the full retirement age 67 benefit (minus their own of course), to bring it to $1000 in your example? Thanks!
@erichamilton49684 күн бұрын
Hello Devin what if you stop working at 62 years old and elect to file for the SS benefits. Now will the amount increase if I stop working and stop contributing to SS benefits at 62, or will you only get the max of what you contribute up to 62, and will I still get more $ if I wait until 65,67, or 70 if I stopped working at 62?
@user-bg9em7ch6k4 күн бұрын
Thank you for this demonstration-it will help many people understand things differently 🙏
@user-oy9jn3dz1y4 күн бұрын
With no change from SSDI and SSI then how will people buy home or. Property to live in? Women should be allow to get there own SSI and SSDI. checks with their husband. . . . l
@grantlichtle954 күн бұрын
Stop sending money to other countries now for 5-10 years that a start
@chrisnelson5234 күн бұрын
For the question of "What Counts as Income", for the Earnings limitation, Capital Gain income is allowed, and raw land is a Capital Asset. However, do the profits from land "flipping" count as allowable earnings? Or would land flipping profits be considered ordinary income, and not capital gain income, for purposes of this SS Earnings limitation?
@rshoe10234 күн бұрын
I am close to retiring, probably within the next year or two. This info has been very helpful as to what to expect. I subbed you and hope to find out some more valuable info from you on this subject.🙂
@DemetrioAlbidrez4 күн бұрын
Social Security is Insoluble because the GOP will Never Tax the Rich 🤑 Regime by paying their Fair Share of Taxes .
@waynecullen18454 күн бұрын
He got no business touching anything and everything 😎 because it turns into shit when he touches your stuff 🥸🧐. Please! Don't touch anything 🤕👊🏾👊🏾🖕🏾‼️
@caveman2404 күн бұрын
Win-Win? it is cut to benefits. However, I believe it can be part of a overall plan, but raising the taxable amount for the wealthy is also not a big deal. During my peak earning years, I didn't pay social security tax on earnings over $150k or so, I don't remember the exact cap. But, I will tell you it would not have been a significant issue to pay on a higher amount. A little bit from everyone is the solution.
@steveday28685 күн бұрын
I retired at 62 and took the lower payment. I struggled for 5 years but had medical issues that contributed to that. Then i went back to work and had to pay the irs around 5k in taxes on it since going back to work i exceeded the income limits.
@rachelhall47845 күн бұрын
Americans in general live beyond their means and our government is out of control!
@nephilimivritt82165 күн бұрын
typical Biden violating peoples second amendment rights and going against the constitution. only a real dictator would try to do this
@Love-dw6ry5 күн бұрын
My question is what will happen to the person that takes SS before all of these proposed changes were to take effect? Would the new rules still apply to them too,, thus, the benefits they had started getting already would be stripped away from them? How would this work?
Пікірлер
Congress get full pay for life After five years. I believe. Raise that to 30 year's service
Devin, I’m divorced, married for 37 years. I’m told that his social security benefits will be my SSI. Is this true?
They want is to work till we die basically…
According to ed weir they are not stopping spousal benefits.
Its hard enough to work till 67, most people retire early. 69 is too long.
In the calculation, what about interest earned on SS payments received between the first age used in the calculation and the second age?
I'm 62. Is it the earning limit 22,300 + your SSI 1154 x12=13,848. Or is the SSI included in the earning limit of 22,300?
Thank you for this video. This WEP is complex and difficult to understand. I have been a Speech-Language Pathologist working as a contractor for the schools and now have 25 years of "substantial earnings" according to the social security substantial earnings chart. My question is this - If I did decide to actually go work directly for a public school in California and HAVE to start on CALSTRS pension program, the chart says I would only get 65 or 70% of my social security benefit as it would be my 25th or 26th year/line on the percentage chart. I'm confused with the part of your video that shows maximum WEP reduction after 20 years. Is that per month or annual? I'm guessing it's per month to equate to only getting 65 or 70% of my social security benefit as in the chart? Thank you for your willingness to answer these confusing questions!
Let's go Brandon
Devin, does alimony count toward the SS earnings limit
Don’t rely on social security folks, it’s only a small supplement for retirement
Another plan to kill the elderly. Maybe if they would not have started giving illegals who never paid into it and government would pay back what they” borrowed “ and never paid back this would not be happening. Corrupt government has killed many Americans and now this.
Cut the fraud of disability benefits from lazy free-loaders who milk the system !!!!!
Exactly
Trump has no plan to save SS he was ready to get ready to eliminate the payroll tax that funds SS and medicare if he won again. This is Trump apologist bullcrap!
Should SS benefit be means tested? My opinion is no. This is a slippery slope that government has already started down. It’s too easy for the government to keep reducing people’s entitlement in order to save SS. Let’s fund it correctly in the first place so retirees get their full entitlement no matter how much earned income they have in retirement
Hello, I have a similar experience in California also. My children's mother passed away in March 2024 at the age of 59. I was married to her for 14 years, we divorced and I never remarried, and I am 61 I will be 62 in October. I was told by an SSA agent when I called to check on my own early retirement since I'm a disabled veteran living off of my meager va 10% disability. He explained I should be eligible for surviving divorced spouse benefits. I applied through him and waited for the appointment in May. Talked again to a local SSA agent in California filled out everything, and turned in the divorce original, and the Marriage license as requested. a month later got a denial stated,: application for widower benefits denied because I wasn't married at the time of her death,? So confused and dismayed, but I did file the appeal. Am I wrong or are they? Why woud I present as requested a divorce decree, I I was applying as a widower which I wasn't?
You sound like an insurance salesman. I can't take you seriously...
If the government hadn't took money out of SS IN THE PAST, it might be different.
First we have to assume that people would not spend what as took out of the check if we gave it to the person how many emergencies would have come up and whoops it’s gone
In spite of all the laws of man you, do not own the people
Why are the American people forever paying for what John Hinkle did, a blanket punishment, just because of one man's stupidity,we the people must be All guilty of his crimes,
When you and your spouse are both on full retirement age. Can you claim spousal benefit now at age 67 then claim your own benefit at age 70? By initially claiming spousal benefit at age 67, Will you get the step up benefit (delayed retirement credit) for waiting to claim your own benefit until age 70?
I have no respect for Dave Ramsey. Much of his advice is crap, intended for people with inept financial and self control issues.
great tool. thanks!
This is the biggest ZERO I have suffered thru Probably in my 75 year lifetime.
It's always been a second income tax.
Republicans have no plan to save social security. If they increase the age it will not fix anything. He gave a tax cut to the Rich, big Corporations, Companies, millionaires, Billionaires President Biden and Democrats have a better plan. If you believe what the Republicans are try to sell you. You have not opened your eyes yet. Trump and mega Republicans cut taxes to the Rich and Rich companies.
"Get the Ultimate Social Security Cheat Sheet"......How?
One question I cannot seem find an aswer to. Does the Adjustment to Reduction Factor also apply to spousal benefits like the Reduction factor does? Will spousal benefits be recalculated also?
But Trump's a liar. He says what people want to hear so he can get votes. Every policy he passed helped his rich friend and he's vowed to give them MORE tax cuts. We haven't had a surplus since president Clinton left office with the largest surplus in history. It only took Bush and his Republican Congress to give us the largest deficit in history, that is until trump came along
I retired 8 years ago and the day I retired I swore I would never work another job as long as I live so they can make all the rules they want on this.🤣🤣🤣
I always thought social security was to be a program to help in retirement, not be the sole source of income. However i know people who it is their sole or almost sole source of income, ad life is very tough for them. Personally i was very lucky and have more than one source of income retirement. Partially from planning and partially from luck, but i am in a great financial position now that i am retired.
If someone makes a comment here, then i have to wonder, will the govt use something in these comments to ban someone from buying or owning a firearm. I believe our forefathers were some of the most brilliant men in history when they wrote our Constitution and our bill of rights. I support them totally. I also support reasonable gun laws including background checks. I believe some people should be prohibited from owning or having access to guns. I try to look at both sides of the issue. I also look at countries that have banned people from gun ownership and the results of how their lives are effected today from it. I am pro police but with crime running rampant today it is not reasonable to expect the police can always be there to protect one or their families from harm.
I remain confused because after watching dozens of videos on this, nobody has addressed this scenario: Worker is 10 years older than spouse, both worked but worker made a lot more. Worker already started collecting. If the (younger) spouse begins to collect their *own* benefit at 62, then waits until 67 to collect the spousal benefit (i.e. supplement), is the spousal benefit reduced because the spouse started collecting their own at 62? Or is the spouse entitled to half of the full retirement age 67 benefit (minus their own of course), to bring it to $1000 in your example? Thanks!
Hello Devin what if you stop working at 62 years old and elect to file for the SS benefits. Now will the amount increase if I stop working and stop contributing to SS benefits at 62, or will you only get the max of what you contribute up to 62, and will I still get more $ if I wait until 65,67, or 70 if I stopped working at 62?
Thank you for this demonstration-it will help many people understand things differently 🙏
With no change from SSDI and SSI then how will people buy home or. Property to live in? Women should be allow to get there own SSI and SSDI. checks with their husband. . . . l
Stop sending money to other countries now for 5-10 years that a start
For the question of "What Counts as Income", for the Earnings limitation, Capital Gain income is allowed, and raw land is a Capital Asset. However, do the profits from land "flipping" count as allowable earnings? Or would land flipping profits be considered ordinary income, and not capital gain income, for purposes of this SS Earnings limitation?
I am close to retiring, probably within the next year or two. This info has been very helpful as to what to expect. I subbed you and hope to find out some more valuable info from you on this subject.🙂
Social Security is Insoluble because the GOP will Never Tax the Rich 🤑 Regime by paying their Fair Share of Taxes .
He got no business touching anything and everything 😎 because it turns into shit when he touches your stuff 🥸🧐. Please! Don't touch anything 🤕👊🏾👊🏾🖕🏾‼️
Win-Win? it is cut to benefits. However, I believe it can be part of a overall plan, but raising the taxable amount for the wealthy is also not a big deal. During my peak earning years, I didn't pay social security tax on earnings over $150k or so, I don't remember the exact cap. But, I will tell you it would not have been a significant issue to pay on a higher amount. A little bit from everyone is the solution.
I retired at 62 and took the lower payment. I struggled for 5 years but had medical issues that contributed to that. Then i went back to work and had to pay the irs around 5k in taxes on it since going back to work i exceeded the income limits.
Americans in general live beyond their means and our government is out of control!
typical Biden violating peoples second amendment rights and going against the constitution. only a real dictator would try to do this
My question is what will happen to the person that takes SS before all of these proposed changes were to take effect? Would the new rules still apply to them too,, thus, the benefits they had started getting already would be stripped away from them? How would this work?