I have a friend who has ideas on How to fix and save Social Security. Don Queen, originallly of Scioto County, Ohio. He is a CPA and managed the finances for Cal State University in California.
I had heard, quite by accident, of a law regarding "File and Suspend" which if spouses agreed to they could notify SS that they wanted to file for social security, suspend receiving any checks until seventy years of age, at the highest spouses' retirement SS income. That is as much as forty per cent higher than my retirement SS check Our governmental establishment representatives (members from republican and democrat parties) told us nothing about this when I retired at 65 in January, 1998. Should I have known? Almost NO Way! Many working in SS did not know of the ending File and suspend benefit which expires very soon - April 30, 2016. I am 83 and past the choice now. If you could make the choice check it out with SS now!
In fact, only one per cent of men and two per cent of women had taken advantage of this spousal benefit at their Federal Retirement Age for the years 2009 thru 2012.
OK, so what file and suspend means is that if you had taken advantage of thee beneficial choice, and waited to receive any check until you were 70 years old. you would have received 8 % more each year of your highest benefit check for each year exceeding your Full Retirement Age FRA, which has been continually changing to make up for the failed promises of the SS system.
I understand that FDR Franklin Delano Roosevelt who introduced Social Security Tax in the mid-thirties, initially indicated it would never exceed $1,000 /yr income nor exceed 3 % of that. It would be a separately held account for each contributing to it with compounded interest for a person's lifetime. Since then the democrats have separated the funds into the general budget account for the Feds, and have made nine or so additional changes, all by Democrats, to weaken the system and which will cause its demise. Our fed reps are doing nothing to save the system except to kick the can down the road. Neither party wants to be blamed for making dire changes necessary for its survival.
I trust no man to truly work altruistically for us the people. Hopefully, Tea party reps must soon face and attempt fixes for our children, great grandchildren and beyond.
Don Queen has a book and I also recommend "Get What's Yours, by Laurence J. Kotlikoff. Philip Moeller, and Paul Solman, Simon & Shuster, 2015.
The following is Don Queen's:
letter: Re: Friday, Aug. 14 Editorial Opinion- Unhappy Birthday. I believe all should obtain and read "How to Fix and Save Social Security" a recent 50 page book by Mr. Don Queen, Retired President of the University Corporation for Cal State University in Northridge, California. He also was chair of the University Investment Board. His book is a very much worthwhile read for politicians and all Americans to consider. Politicians on both sides have talked about fixes for SS, but Mr. Queen has very helpful comments. His three page summary of the book is immediately available from Mr. Queen at: www.kondoqueen@gmail.com .
My take is not as well-informed as i would like but my wife and i checked with SS today at 1-800-772-1213 and the SS rep informed us that in the event of either's death, the surviving spouse will get the higher earning spouses' check each month in addition to the lump sum standard $255 death benefit. The lower earning spouse benefit will cease.
My take is for each to work as long as you can at something to keep up with no, or very little, COLA's the rest of your life, while senior living costs continue to rise steadily.
My further political take is that the left politicians will continue to spend and the conservatives will try to maintain our country's freedoms our service people have fought for.
skegley.blogspot.com SamKat
Tuesday, March 1, 2016
Safety ... Thx Ron W!
SafetyI took down my Rebel flag (which you can't buy on ebay any more) and peeled the NRA sticker off the front door.I disconnected my home alarm system and quit the Neighborhood Watch.I bought two Pakistani flags and put one at each corner of the front yard. Then I purchased the black flag of ISIS (which you CAN buy on ebay) and ran it up the flag poleNow, the local police, sheriff, FBI, CIA, NSA, Homeland Security, Secret Service and other agencies are all watching my house 24/7. I've NEVER felt safer and I'm saving $69.95 a month that ADT used to charge me.Plus, I bought burkas for my family when we shop or travel. Everyone moves out of the way and security can't pat us down.Hot Damn — Safe at last — Ain’t America great or what?
SamKat is a hetero UK basketball fan who loves Coach Cal and his staff and his team! ... SamKat
SamKat is a hetero UK Basketball fan who loves Coach Cal, his staff and his team - SamKat
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It is kind of a slow day for me. I finished my eleventh book last year and do not intend to spend a pregnancy's or a year's time on another book.
As a Kentucky basketball fan, I look forward to the game at Florida tonight.
I just forwarded the KSR news for this morning. Matt Jones has set things up well on Kentucky Sports Radio with excellent writers including himself.
I am a very hetero guy. I would not have been interested in my 64 year long marriage to Jeanie if she were a man. God makes us differently with different parents and we react to their nurturing or lack of it, and roll onto the tilted pin ball table of life. We experience bumps and flips and will finally die.
This intro is only to explain why I love Coach Calipari of my Alma Mater, the University of Kentucky.
Cal is tweaking his team again, a little early this season, because they are not one of the most powerful groups Cal and his great staff have assembled. However, he claims they earnestly want each of their teammates to do well, and that may be his greatest coach-teaching of them.
Cal and his extremely competent staff want the best out of each member and they expect to get it. A few weeks back, a friend looked ahead and told me we could lose every SEC contest ahead of us. I had to agree with the possibility. Fortunately, we haven't done that badly since then except for a couple of slip-ups and at times, I even envisioned our Ninth title for this team. But we often forget to give credit to the coaches and teams who are earnestly trying to beat Kentucky and they are high type coaches with exceptional Division 1 players. And officials mostly try their darndest to do their jobs better than we give them credit for.
UK could lose all remaining games and not qualify for the NIT even. That is neither what we fans nor our coaches no our team feel is probable.
It is about the players who have made our various teams over the Calipari era at UK. He normally pulls them through. Perhaps it will Happen for their very best as his excellent coaching records have shown at three different colleges.
That is truly what I expect and desire.
God bless this basketball team and coaching staff.
I have a weak saying, especially for a UK fan, that "Even if, God please forbid, UK should lose and end its' season without an NCAA title ... It is soon spring!" Morbildity cannot control us!
skegley.blopgspot.com SamKat aka Sam Kegley blog
Hillary meets w/Pakistani muslims in SE Texas -Beaumont ... Thx Paul C!
Hillary meets w/ Pakistani muslims win SE TEXAS - Beaumont
Story appears on Beaumont TV station Channel 12.According to the Beaumont newspaper and reports from a couple of Beaumont TV stations this really happened.Why did Hillary REALLY visit Beaumont, Texas - Got to read this!!Hillary Clinton made a campaign stop yesterday in Beaumont, Texas. Only six people were there to greet her. Her security detail outnumbered her supporters by quite a bit. She wouldn’t talk, wave to or even acknowledge those there to greet her. As bad as that is, it’s not the real story here. The real story is who she took a private meeting with. After landing, Clinton headed off to a fundraiser in West Beaumont, where she was greeted by around 150-200 Muslims, most of whom were of Pakistani origin. The event was held by Pakistani businessman Tahir Javed and Hillary raised approximately $500,000 by pandering to Muslims, making it “one of the top five private fundraiser's Clinton has had in this country.” She’s bought and paid for by them. Spread this far and wide. You will not see it on national news but this is what is going on. Sheila Jackson Lee was there as well. She of the mars/moon vehicles discrepancy???
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