Social Security is an entitlement!

RETIREES AND SOON TO-BE RETIREES    Let us say this to ourselves, "If  it's  to be, it's up to me."

Three Phases

1.  Wealth accumulation phase

2.  Wealth distribution phase

3.  Wealth transfer phase

Long range forecast 

1.  Save

2.  Plan

3.  Stay flexible

Milestones

Age 50   Keep up contributions   IRA & Roth IRA     $5,500

Age 50 and over   Keep up contributions   IRA & Roth IRA    $6,500

Age 55 - 59 1/2     Withdrawal without penalty

Age 65   Eligible for Social Security Benefits

Age 66   Eligible for full Social Security Benefits

Age 70 1/2   Take out minimum redistribution

Before putting eggs in one basket,  be sure they are "boiled eggs."

• Don't be complaisant
• Don't get discourage - you are in good company
• Check Social Security and account withdrawal dates
• Factor all sources of income
• Don't forget your spouse 
• Prepare for healthcare
• Retail taxes are high
• Consider changing your investment allocations
• Make changes if necessary
• Adjust plan annually

Capitalist Ms. Piggy   7/20/15

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Yep, I had my suspicion.

Recycled Web Page   5/31/14

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AGE TO RECEIVE FULL SOCIAL SECURITY BENEFITS

Year of Birth                               Full Retirement Age

1943 - 1954                               66

1955                                           66 and 2 months

1956                                           66 and 4 months

1957                                           66 and 6 months

1958                                           66 and 8 months

1959                                           66 and 10 months

1960 and later                           67

Link  http://www.ssa.gov

Baby Boomer: How to Know You're Growing Older!

• You sit in a rocking chair and can't get it going
• Your knees buckle and your belt won't
• Your back goes out more than you do
• The little old gray-haired lady you help across the street is your wife
• You sink your teeth into a steak and they stay there
• You know all the answers but nobody asks you the question
• Your pacemaker makes the garage door go up and down when you see a pretty girl
• Everything hurts and what doesn't hurt doesn't work
• The gleam in your eye is from the sun hitting your bifocals
• You feel like the morning after and you haven't been anywhere
• Your little black book contains only names ending in M.D.
• You finally reach the top of the ladder and find it leaning against the wrong wall
• Your mind makes contracts your body can't meet
• A dripping faucet causes an uncontrollable bladder urge
• You look forward to a dull evening
• Your favorite part of the newspaper is "20 Year Ago Today"
• You turn out the lights for economic rather than romantic reasons
• Your children begin to look middle-aged
• You get your exercis acting as a pallbearer for your friends who exercise

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From: lib
Subject: Social Security is an entitlement!
Date: Mon, 16 May 2011 16:21:18 -0500

Who are these "zero ambition losers in return for votes? Anyway, senior citizens as "greedy" folks is maybe the wrong choice of word.  In my opinion, Social Security should be reformed, re-designed and adjusted to sustain the needs of future beneficiaries.  What's wrong with that?  Times keep changing.  There's nothing wrong if you're able and strong to keep working until you're 67 or 70.  The retired folks who paid Social Security taxes and Medicare in the past are getting their benefits and are reaping what they have sown.  Indeed, in the Ponzi scheme of things they are entitled to their share.

Why does a slight tax increase cost you two hundred dollars and a substantial tax cut save you thirty cents? ** Peg Bracken

Answer: It's left-wing social engineering.


Published  5/22/11  altgroup multiply
Web Page:  Social Security is an entitlement!