Sentences with phrase «of social security so»

If you find yourself facing an unplanned early retirement, it may be to your benefit to use savings to supplement your income and delay the start of Social Security so that if you find another job, the earnings reduction will not apply.

I'm also fairly certain I will never see a dime of social security so don't count me in the «ourselves» portion either.

This increases the potential benefit of delaying the start date of your Social Security so you get more lifetime income that is tax - preferred.

Not exact matches

«The government has changed the rules on Social Security, for example, so what's to stop them from diluting the benefits of this plan in the future?

That is, if you're buying a pair of sneakers online, there is no reason that a business should be asking for your birth date, social security number, annual income, copies of your ID or credit card, and so on (you'd be surprised by how many online businesses ask for these things).

Social Security faces a potential fiscal crisis because the number of retirement age Americans is growing so fast.

So, high - earning households spend significantly more of their income on Social Security — which is automatically deducted from all earned income for individuals at a rate of 6.2 % — and payments into retirement plans.

«Every mayor here talks as if they are the tourism secretary... and doesn't plan for residents so that they can live with a little dignity,» said Celina Izquierdo, of the Social and Gender Violence Observatory, which monitors security issues.

Inflation has been so low that Social Security payments were not increased for 2016, and the Federal Reserve has even raised the possibility of negative interest rates.

Watch out for: LLC members can't distinguish between income earned as salary and passive investment income, so profits are subject to Social Security and Medicare taxes on top of income taxes.

With so many people concerned about the uncertain future of Social Security and the continued elimination of company pension plans, it's alarming how few small businesses offer their employees a 401 (k) plan.

At the time of the change in residence requirements, it was hoped that Canada would enter into social security agreements with countries that were the source of immigration so that partial payments of social security pensions would be received by adult immigrants to Canada.

I have no debts whatsoever, plenty of cash savings, a very healthy retirement portfolio, a nice home all paid for, a good pension plus above average social security payments, so I am able to travel widely and stay in high end hotels.

And so you want to consider backing them with sources of guaranteed income — like Social Security, pensions, and income annuities.

So the maximum amount of Social Security tax to be withheld from wages for 2015 is $ 7,347 and the maximum Social Security portion of self - employment tax is $ 14,694.

As Selena points out, your lifetime benefits are a factor of when you claim Social Security and how long you live, so if you anticipate living to your life expectancy, it's rational to front - load your Social Security, so long as you're comfortable with the future consequences.

By delaying Social Security benefits, and dipping into your retirement portfolio early on, you can help to ensure the longevity of your funds along with a proper standard of living so you can enjoy the retirement you deserve.

If so, you need to be aware, if you've begun taking Social Security benefits, of how your Social Security income may be taxed — and the earned income thresholds that determine the level of your taxes and any reductions in benefits.

So if you have not worked much over the years and are trying to earn Social Security credits, try to make a minimum of $ 1,300 in income each quarter until you have your full 10 years in.

Your lender will also need to pull your credit report as a part of the refinance process, so have your Social Security number handy when it's time to apply.

At the end of the ten hours, I came in and he made me give him two pennies which was my contribution to the social security and he gave me two one Dollar bills and a long lecture about the evils of Democrats and the welfare state and the lack of self - reliance and it went on and on and on, so I had the right antecedents too.

«They feel nervous Social Security will not be there, so they take it early,» said Jennifer Birchett, principal wealth advisor of True Wealth Management in Atlanta.

It is uncertain how long Social Security will remain solvent, so it is prudent to err on the side of caution and focus on personal savings and investments as well as insurance for retirement, disability and premature death.

Lastly, though, and this is the most important point of all — make sure to share your social security number with your lenders so they can give you accurate mortgage rate quotes instead of just best guesses or «ballpark rates».

One would hardly realize that the problem facing U.S. industrial employment is that wage earners must earn enough to pay for the most expensive housing in the world (the FDIC is trying to limit mortgages to absorb just 32 per cent of the borrower's budget), the most expensive medical care and Social Security in the world (12.4 per cent FICA withholding), high personal debt levels owed to banks and rapacious credit - card companies (about 15 per cent) and a tax shift off property and the higher wealth brackets onto labor income and consumer goods (another 15 per cent or so).

The only comprehensive retirement training organization in the financial services industry focused exclusively on educating professionals on the nuances of Social Security retirement planning, the organization creates and provides a training course on Social Security retirement benefits and claiming strategies and provides advisors with the opportunity, for those inclined to do so, to sit for a comprehensive exam that if completed successfully will provide them with the Certified in Social Security Claiming Strategies designation.

Our paramount goal is to provide our students with a working knowledge of the myriad of factors that play a role in determining how retirees can achieve the maximum benefit available to them from Social Security and, in so doing, provide a solid foundation upon which an overall retirement income plan can be built.

Some on third of «early retirees» who claim Social Security at age 625 do so to help pay for health care expenses until they are eligible for Medicare coverage at age 65.

«disposable personal income», as reported by the BEA, is a total national figure for personal income after taxes, so comparing how individuals might spend that income in different parts of the country is not even considered by this report... the phrase may be poorly chosen, as might the phrase «personal income» itself, which includes not just wages and salaries, but also passive income from dividends, interest and rent, proprietor's income, and transfer payments such as social security... take all those forms of payments going to individuals, subtract out what's paid nationally in personal income taxes, and you have a national figure for «disposable personal income»

Wake up America why we are letting Peter King and people like him to waste time and money on non issues they should be working to solve the real problems facing this country JOBS LOSSES, OUT SOURCEING, BUDGET DEFICIET, BANKS, INSURANCE COMPANIES, UN JUST FOREIGN POLICY, SOCIAL SECURITY, LABOUR UNION PROBLEMS, JOB SECURITY for those who have any jobs left, bringing our troops home from UNJUST and ILLEGAL WARS, KILLING OF INNOCENT PEOPLE, OIL COMPANIES making billions of unjust Profit and paying millions to their CEO's, INFRA STRUCTURES ROADS and BRIDGES and so many other Real issues that they have been elected to solvOF INNOCENT PEOPLE, OIL COMPANIES making billions of unjust Profit and paying millions to their CEO's, INFRA STRUCTURES ROADS and BRIDGES and so many other Real issues that they have been elected to solvof unjust Profit and paying millions to their CEO's, INFRA STRUCTURES ROADS and BRIDGES and so many other Real issues that they have been elected to solve.

The same people who protest international support for third - world countries saying «we need to take care of our own first» are ironically the same people who actually want to abolish food stamps, the WIC program, free school lunches, welfare and social security in the US, never mind the fact that the people who benefit from these programs are the ones who cut their lawns, clean their homes, serve their meals in restaurants, and build their houses, all while going home to a tiny apartment they share with 6 other people and finding nothing to eat in the house but a can of green beans because payday is still 2 days off and there's only enough gas in the car to get them to work the next two days, so driving around town for 2 hours trying to find an open food bank isn't an option.

So, no, demonizing Bush is not going to work in this election, and» as demonstrated in the recent special election in New York's ninth congressional district» the seniors will no longer be swayed by dark warnings that the GOP will end medicare and social security» these older people realize that the programs of the New Deal and the Great Society have become unsustainable and that» somehow» a real and drastic change must happen, soon.

A study of persons drawing Social Security benefits showed that only seventeen percent of those retiring in good health said they did so to enjoy leisure.22 Even before retirement, «leisure» is increasingly necessary to business.

Social media gives us all the ability to express our ideas — and our opinions — about whatever we want, and gives us the sense of security of doing so right from our phones while waiting in line at the deli counter.

The transition to private savings accounts would involve substantial financial costs, but so would any of the potential reforms of the Social Security system.

Reforms such as higher taxes, lower benefits and delayed retirement are designed to put Social Security on a firm financial footing, so that the sheer passage of time does not force future payees and retirees into a crisis that would severely hurt both groups.

Organizations so designated are exempt not only from federal taxation of their net income but also from payment of social security taxes, federal unemployment insurance, various sales and excise taxes, and taxes on real property.

The sharp leap in social - security taxes to be levied above the former limit of $ 92,000, for instance, will add another dozen or so percentage points on current tax rates for the middle class earning above that limit.

In the midst of so much freedom and self - determination and in countries with generous social security and high «quality of life,» why do so many people choose to end their lives?

This rights - based development is closely tied to the development of social security — disabled people were not properly considered during the initial forming of the welfare state because a paternalistic society believed them to be cared for in institutions and so there was no such thing as a «disability benefit».

When he voted for that bill he said to the people of his district I approve borrowing more money from foreigners to hand it over to the wealthy so we can have an excuse to cut Medicaid, Medicare, and Social Security after November!

They didn't get very far with that so they also had to prove that Amish communities had no need for it; they take very good care of their own, so there is virtually no benefit over not being part of the Social Security Insurance program.

So far the only likely Democratic candidate is Syracuse professor Eric Kingson, who made a name advocating for the protection and expansion of Social Security.

A spurt of pension legislation was passed in the years immediately prior to passage of the Social Security Act, so that 30 states had some form of old - age pension program by 1935.

On the right the stereotype is typically more racially focused probably because most economies are capitalist markets, and most of the right wing is older so the social programs like social security and medicare don't really offend them.

The mailer links the Tea Party to 2008 VP candidate / former Alaska Gov. Sarah Palin, and says it holds «ultra-conservative views like banning abortion, privatizing Social Security, and abolishing the Department of education,» adding: «If Joe Golombek wants to be a Tea Party candidate so badly, he's not a Democrat we can trust.»

While this doesn't have to exist (we note in the USA, Uncle Sam will gladly collect what it is due from Social Security (the US version of forced retirement savings)-RRB-, it exists by default and so the lawmakers have to break it intentionally, which would be bad for their reelections.

It would be a tax on jobs, of course, but Britain's social security rates are still pretty low compared to much of Europe, so minister would have pre-prepared arguments to hand.

But if you believe that the only reason the layers at the top are so small is that these are the last people that lived before WW2 «dying out», it also explains why social security will become insolvent; look at the enormous amounts of people that will start pulling money out of the system in the coming 30 years!

«So when a first - time voter goes into the booth, if the inspector notices they didn't have, perhaps their last four digits of their social security number, or they didn't sign the book, originally they didn't sign the application, they will try to finish up the application process,» said Lenihan.