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    #31
    Originally posted by locolobo View Post
    I'm doin pretty good on SS & Pension and have hardly touched my 401K. But, house is paid for, just the 2 of us and we don't spend extravagantly. But I've put about 50 yrs. into SS also, at a pretty good rate. Problem is, I'll probably never get it all back!
    x2 here. The reason is that we retired debt-free.

    BTW, I'm frankly amazed how little out of pocket besides the annual deductible we pay on Medicare with Part B and D supplements.

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      #32
      Originally posted by sharpstick35 View Post
      quit taking ss out of our paychecks and do away with the whole system. sink or swim on your own.
      they can do that and i wont GAF; just as soon as i'm paid back every penny they took from me thru the years.

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        #33
        Part of my SS is being stolen by the government. I am part of the group that had my SS docked when I started drawing it because I also have a TRS retiremnt from teaching for a few years. This maybe going to finally end with the SS Fairness Act, but who knows when! All this amounted too was legalized theft, I paid into both, I should get back what I should receive!

        Fortunatley, with my little SS checks and little TRS checks and my wife drawing on my SS, we are doing OK. Wife will not draw on here SS for 2 more years and it will be $1000 more per month. We have 2 big annuities than we have not touched but have to start drawing at age 73, 2 more years. I am hoping they stop taxing SS benefits and such, plus get us seniors out of paying for school taxes and stop us having to pay property taxes. Property taxes is what is killing us. Fortunately the house is paid for!

        The bad part is, all of this could go away in a heartbeat no matter who is in charge of our Government!

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          #34
          Originally posted by Bill View Post

          x2 here. The reason is that we retired debt-free.

          BTW, I'm frankly amazed how little out of pocket besides the annual deductible we pay on Medicare with Part B and D supplements.
          Not everyone is so lucky. My wife and I both get to pay an income penalty of over $500 a month each plus having to pay for our own Medicare plans. Roughly $15,000 a year. They gladly deduct it from our socialist security which they also tax. When the smoke clears I’m probably getting 1/6 of what I should be getting.

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            #35
            SS was a good idea, but politicians turned it into a grift. Without it we would have a lot more elderly homeless, as not everyone is responsible enough to prepare for old age. Like it or not, that’s the way it is. But, it can be fixed!

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              #36
              Originally posted by M16 View Post

              Not everyone is so lucky. My wife and I both get to pay an income penalty of over $500 a month each plus having to pay for our own Medicare plans. Roughly $15,000 a year. They gladly deduct it from our socialist security which they also tax. When the smoke clears I’m probably getting 1/6 of what I should be getting.
              Sounds like you got hit by the IRMA penalty, we did as well after we retired.

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                #37
                Originally posted by Playa View Post

                I’m paused on this issue, I don’t think enough detail has been published yet. This maybe a situation where those people exist on paper but other controls have excluded them from receiving benefits. That’s like $400B/year which is absurd and seems almost unbelievable that there was that much waste, it’s like nearly 30% of the entire SS recipients.

                And Elon can’t be prez.
                With Everything we’ve seen in just the past 8 yrs and you’re having to take a Pause? I see you up there sitting on that fence

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                  #38
                  Originally posted by Bucknaked View Post

                  With Everything we’ve seen in just the past 8 yrs and you’re having to take a Pause? I see you up there sitting on that fence
                  On this specific topic, yes, I’m taking a pause. Because Trump’s own hand picked Acting Director of SSA said this yesterday regarding this matter.

                  "I also want to acknowledge recent reporting about the number of people older than age 100 who may be receiving benefits from Social Security," Dudek said. "The reported data are people in our records with a Social Security number who do not have a date of death associated with their record. These individuals are not necessarily receiving benefits."

                  Just because a record exists in a database doesn’t mean other systems or controls allow activity. In this instance just because someone who shows an age of 115 and is not marked dead, does not mean a check is being issued in their name. The database is just what it says the base of data and other systems take action

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                    #39
                    Originally posted by M16 View Post

                    Not everyone is so lucky. My wife and I both get to pay an income penalty of over $500 a month each plus having to pay for our own Medicare plans. Roughly $15,000 a year. They gladly deduct it from our socialist security which they also tax. When the smoke clears I’m probably getting 1/6 of what I should be getting.
                    Yes another example of how they penalize a person for doing good financially for themselves under the umbrella of IRMA. it sucks.

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                      #40
                      Ask yourself why Elon and DJT attempted to mislead you on this one.

                      ”In 2015, the Social Security Administration (SSA) and its inspector general looked into the number of people in the system with no death record who were listed as being over the age of 112. SSA found 6.5 million numberholders aged 112 or older with no death information in the system, but noted that other records suggested the majority of them were deceased.

                      Of those, SSA issued payments to 266 numberholders — though the IG's review indicated only 13 beneficiaries were likely age 112 or older, while in the remaining 253 cases there were discrepancies in SSA's records that indicated the beneficiary wasn't actually that old.”

                      The acting head of the Social Security administration discussed DOGE's access at the agency as well as reports spurred by Elon Musk's comments about centenarians getting benefits.

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