(12-19-2017 04:26 PM)dawgitall Wrote:  

(12-19-2017 03:22 PM)UofMstateU Wrote:  

(12-19-2017 02:47 PM)Kaplony Wrote:  

(12-19-2017 02:07 PM)dawgitall Wrote:  

(12-19-2017 02:03 PM)solohawks Wrote:  I was going to call you out on that minor little detail

glad you added it

Any smart person would take the money they would have had taxed for SS and put it in a retirement fund

They would make out like bandits

Most of us are living pay check to pay check. Even if we know that would be the wise thing to do most of us wouldn't do it. We spend what we have. If we don't have it we can't spend it. We just ***** about it being taken out when we look at our pay stub.

So because you and others lack the fiscal discipline to live within your means the rest of us should be forced to give up part of our paycheck?

and I seem to recall this same guy was lecturing some of us with astronomical rates and deductibles that we simply needed to learn how to "budget".

We all have to budget. If we don't we show a lack of fiscal discipline to live within our means.

(12-19-2017 04:28 PM)Fitbud Wrote:  

(12-19-2017 04:17 PM)dawgitall Wrote:  

(12-19-2017 02:39 PM)solohawks Wrote:  

(12-19-2017 02:14 PM)dawgitall Wrote:  They take out 6.4% from his check each month. I think what he means is that his assistant is drawing SS based on employment outside the school system. They can't deny you SS based on working in the school system, you just don't have any income the school job calculated into your SS benefit. A career teacher isn't going to get much SS benefit because it will be calculated on part time jobs, earlier jobs before becoming a teacher etc. Remember how much your SS check ends up being is based on how much you put in over your working lifetime.

They take out 6.4% of Fit's paycheck for the pension?

He has not indicated that. The current tax rate for SS is 6.2%.

If Fit is getting a comparable benefit to SS without having to pay the SS tax, how is that not better than rest of the other 99% of us?

If you are not partaking in SS, you need to be aware of that and make the proper arrangements. You have the potential to make out like a bandit, so use that 6.2% savings to be fruitful and multiply for net worth.

Didn't you read the post quoting the Texas Retirement System I included earlier? It shows how much they pay in (6.4%), how to calculate their retirement (average of highest 5 years pay x years of service x 2.3) etc. Fit isn't getting a comparable benefit because his pension is the only thing he gets. You could go so far as to say that the state isn't offering their employees a pension at all, just a substitute of Social Security. Most people invest in a 401k or IRS for retirement in addition to any pension and SS.

Wow thanks for that information.

I was paying into a 403b but in 2007 when the markets began to crash, I was advised to put my monies into a saving account where it would earn less than before but would be 100% secure. At least that's what they told me. I haven't paying into the system since then.

(12-19-2017 04:24 PM)dawgitall Wrote:  

(12-19-2017 02:47 PM)Kaplony Wrote:  

(12-19-2017 02:07 PM)dawgitall Wrote:  

(12-19-2017 02:03 PM)solohawks Wrote:  

(12-19-2017 01:57 PM)dawgitall Wrote:  Of course they didn't have SS deductions for those 30 years.

I was going to call you out on that minor little detail

glad you added it

Any smart person would take the money they would have had taxed for SS and put it in a retirement fund

They would make out like bandits

Most of us are living pay check to pay check. Even if we know that would be the wise thing to do most of us wouldn't do it. We spend what we have. If we don't have it we can't spend it. We just ***** about it being taken out when we look at our pay stub.

So because you and others lack the fiscal discipline to live within your means the rest of us should be forced to give up part of our paycheck?

No I live well within my means. Most people do live pay check to pay check though. Not because they all lack fiscal discipline but because life is expensive and income has been stagnate for a long time.

(12-19-2017 05:44 PM)Kaplony Wrote:  

(12-19-2017 04:24 PM)dawgitall Wrote:  

(12-19-2017 02:47 PM)Kaplony Wrote:  

(12-19-2017 02:07 PM)dawgitall Wrote:  

(12-19-2017 02:03 PM)solohawks Wrote:  I was going to call you out on that minor little detail

glad you added it

Any smart person would take the money they would have had taxed for SS and put it in a retirement fund

They would make out like bandits

Most of us are living pay check to pay check. Even if we know that would be the wise thing to do most of us wouldn't do it. We spend what we have. If we don't have it we can't spend it. We just ***** about it being taken out when we look at our pay stub.

So because you and others lack the fiscal discipline to live within your means the rest of us should be forced to give up part of our paycheck?

No I live well within my means. Most people do live pay check to pay check though. Not because they all lack fiscal discipline but because life is expensive and income has been stagnate for a long time.

If they are living paycheck to paycheck then by definition aren't living within their means.

I've been able to put away money from every single paycheck I've made within my life, even when we were a one fulltime and one part-time income with a small child when my wife was finishing graduate school. For a while we had to live in a bad part of town and eat generic brand everything but we still made it a point to put money away. It's turned out to be a blessing that we did so several times because unlike friends and neighbors who had to take out loans for unexpected home or auto expenses we were able to pay for them without going into debt. When my Grandfather got sick we were able to help with his expenses because that's what responsible people do....help out family without asking the taxpayers to do it.

THAT'S being fiscally responsible.

(12-19-2017 06:05 PM)dawgitall Wrote:  

(12-19-2017 05:44 PM)Kaplony Wrote:  

(12-19-2017 04:24 PM)dawgitall Wrote:  

(12-19-2017 02:47 PM)Kaplony Wrote:  

(12-19-2017 02:07 PM)dawgitall Wrote:  Most of us are living pay check to pay check. Even if we know that would be the wise thing to do most of us wouldn't do it. We spend what we have. If we don't have it we can't spend it. We just ***** about it being taken out when we look at our pay stub.

So because you and others lack the fiscal discipline to live within your means the rest of us should be forced to give up part of our paycheck?

No I live well within my means. Most people do live pay check to pay check though. Not because they all lack fiscal discipline but because life is expensive and income has been stagnate for a long time.

If they are living paycheck to paycheck then by definition aren't living within their means.

I've been able to put away money from every single paycheck I've made within my life, even when we were a one fulltime and one part-time income with a small child when my wife was finishing graduate school. For a while we had to live in a bad part of town and eat generic brand everything but we still made it a point to put money away. It's turned out to be a blessing that we did so several times because unlike friends and neighbors who had to take out loans for unexpected home or auto expenses we were able to pay for them without going into debt. When my Grandfather got sick we were able to help with his expenses because that's what responsible people do....help out family without asking the taxpayers to do it.

THAT'S being fiscally responsible.

You are an amazing person.

How am I doing?

I put my daughter through college without borrowing a dime. She has a good job 4 months after graduation and is well on her way to total independence. I live in a 70 year old home in my small town rather than in one of the subdivisions outside town. It will be paid for in 9 months. I have always contributed to a 401k, maxing it out in recent years in fact. I drive a 12 year old car. I have no debt other than the house, well I take that back I've got a zero turn mower that I got at zero interest with a couple of years left to pay on it. I have money in a Money Market Account that I use when medical bills come up. I had cataract surgery this summer and paid for that without using a credit card. We scrimp and do without. When I say "most of us live pay check to pay check" I mean people in general not me in particular.

(12-19-2017 06:10 PM)Kaplony Wrote:  

(12-19-2017 06:05 PM)dawgitall Wrote:  

(12-19-2017 05:44 PM)Kaplony Wrote:  

(12-19-2017 04:24 PM)dawgitall Wrote:  

(12-19-2017 02:47 PM)Kaplony Wrote:  So because you and others lack the fiscal discipline to live within your means the rest of us should be forced to give up part of our paycheck?

No I live well within my means. Most people do live pay check to pay check though. Not because they all lack fiscal discipline but because life is expensive and income has been stagnate for a long time.

If they are living paycheck to paycheck then by definition aren't living within their means.

I've been able to put away money from every single paycheck I've made within my life, even when we were a one fulltime and one part-time income with a small child when my wife was finishing graduate school. For a while we had to live in a bad part of town and eat generic brand everything but we still made it a point to put money away. It's turned out to be a blessing that we did so several times because unlike friends and neighbors who had to take out loans for unexpected home or auto expenses we were able to pay for them without going into debt. When my Grandfather got sick we were able to help with his expenses because that's what responsible people do....help out family without asking the taxpayers to do it.

THAT'S being fiscally responsible.

You are an amazing person.

How am I doing?

I put my daughter through college without borrowing a dime. She has a good job 4 months after graduation and is well on her way to total independence. I live in a 70 year old home in my small town rather than in one of the subdivisions outside town. It will be paid for in 9 months. I have always contributed to a 401k, maxing it out in recent years in fact. I drive a 12 year old car. I have no debt other than the house, well I take that back I've got a zero turn mower that I got at zero interest with a couple of years left to pay on it. I have money in a Money Market Account that I use when medical bills come up. I had cataract surgery this summer and paid for that without using a credit card. We scrimp and do without. When I say "most of us live pay check to pay check" I mean people in general not me in particular.

So explain to me why I should have money forcibly taken from every single one of my paychecks to pay for the people who can't live within their means.

(12-19-2017 06:18 PM)dawgitall Wrote:  

(12-19-2017 06:10 PM)Kaplony Wrote:  

(12-19-2017 06:05 PM)dawgitall Wrote:  

(12-19-2017 05:44 PM)Kaplony Wrote:  

(12-19-2017 04:24 PM)dawgitall Wrote:  No I live well within my means. Most people do live pay check to pay check though. Not because they all lack fiscal discipline but because life is expensive and income has been stagnate for a long time.

If they are living paycheck to paycheck then by definition aren't living within their means.

I've been able to put away money from every single paycheck I've made within my life, even when we were a one fulltime and one part-time income with a small child when my wife was finishing graduate school. For a while we had to live in a bad part of town and eat generic brand everything but we still made it a point to put money away. It's turned out to be a blessing that we did so several times because unlike friends and neighbors who had to take out loans for unexpected home or auto expenses we were able to pay for them without going into debt. When my Grandfather got sick we were able to help with his expenses because that's what responsible people do....help out family without asking the taxpayers to do it.

THAT'S being fiscally responsible.

You are an amazing person.

How am I doing?

I put my daughter through college without borrowing a dime. She has a good job 4 months after graduation and is well on her way to total independence. I live in a 70 year old home in my small town rather than in one of the subdivisions outside town. It will be paid for in 9 months. I have always contributed to a 401k, maxing it out in recent years in fact. I drive a 12 year old car. I have no debt other than the house, well I take that back I've got a zero turn mower that I got at zero interest with a couple of years left to pay on it. I have money in a Money Market Account that I use when medical bills come up. I had cataract surgery this summer and paid for that without using a credit card. We scrimp and do without. When I say "most of us live pay check to pay check" I mean people in general not me in particular.

So explain to me why I should have money forcibly taken from every single one of my paychecks to pay for the people who can't live within their means.

First tell me how wonderful I am for my fiscal responsibility.

(12-19-2017 06:21 PM)Kaplony Wrote:  

(12-19-2017 06:18 PM)dawgitall Wrote:  

(12-19-2017 06:10 PM)Kaplony Wrote:  

(12-19-2017 06:05 PM)dawgitall Wrote:  

(12-19-2017 05:44 PM)Kaplony Wrote:  If they are living paycheck to paycheck then by definition aren't living within their means.

I've been able to put away money from every single paycheck I've made within my life, even when we were a one fulltime and one part-time income with a small child when my wife was finishing graduate school. For a while we had to live in a bad part of town and eat generic brand everything but we still made it a point to put money away. It's turned out to be a blessing that we did so several times because unlike friends and neighbors who had to take out loans for unexpected home or auto expenses we were able to pay for them without going into debt. When my Grandfather got sick we were able to help with his expenses because that's what responsible people do....help out family without asking the taxpayers to do it.

THAT'S being fiscally responsible.

You are an amazing person.

How am I doing?

I put my daughter through college without borrowing a dime. She has a good job 4 months after graduation and is well on her way to total independence. I live in a 70 year old home in my small town rather than in one of the subdivisions outside town. It will be paid for in 9 months. I have always contributed to a 401k, maxing it out in recent years in fact. I drive a 12 year old car. I have no debt other than the house, well I take that back I've got a zero turn mower that I got at zero interest with a couple of years left to pay on it. I have money in a Money Market Account that I use when medical bills come up. I had cataract surgery this summer and paid for that without using a credit card. We scrimp and do without. When I say "most of us live pay check to pay check" I mean people in general not me in particular.

So explain to me why I should have money forcibly taken from every single one of my paychecks to pay for the people who can't live within their means.

First tell me how wonderful I am for my fiscal responsibility.

I don't compliment people who lie in posts. You should feel lucky you aren't on ignore like fitbud is now.

(12-19-2017 06:18 PM)dawgitall Wrote:  

(12-19-2017 06:10 PM)Kaplony Wrote:  

(12-19-2017 06:05 PM)dawgitall Wrote:  

(12-19-2017 05:44 PM)Kaplony Wrote:  

(12-19-2017 04:24 PM)dawgitall Wrote:  No I live well within my means. Most people do live pay check to pay check though. Not because they all lack fiscal discipline but because life is expensive and income has been stagnate for a long time.

If they are living paycheck to paycheck then by definition aren't living within their means.

I've been able to put away money from every single paycheck I've made within my life, even when we were a one fulltime and one part-time income with a small child when my wife was finishing graduate school. For a while we had to live in a bad part of town and eat generic brand everything but we still made it a point to put money away. It's turned out to be a blessing that we did so several times because unlike friends and neighbors who had to take out loans for unexpected home or auto expenses we were able to pay for them without going into debt. When my Grandfather got sick we were able to help with his expenses because that's what responsible people do....help out family without asking the taxpayers to do it.

THAT'S being fiscally responsible.

You are an amazing person.

How am I doing?

I put my daughter through college without borrowing a dime. She has a good job 4 months after graduation and is well on her way to total independence. I live in a 70 year old home in my small town rather than in one of the subdivisions outside town. It will be paid for in 9 months. I have always contributed to a 401k, maxing it out in recent years in fact. I drive a 12 year old car. I have no debt other than the house, well I take that back I've got a zero turn mower that I got at zero interest with a couple of years left to pay on it. I have money in a Money Market Account that I use when medical bills come up. I had cataract surgery this summer and paid for that without using a credit card. We scrimp and do without. When I say "most of us live pay check to pay check" I mean people in general not me in particular.

So explain to me why I should have money forcibly taken from every single one of my paychecks to pay for the people who can't live within their means.

First tell me how wonderful I am for my fiscal responsibility.

(12-19-2017 07:22 PM)dawgitall Wrote:  

(12-19-2017 06:21 PM)Kaplony Wrote:  

(12-19-2017 06:18 PM)dawgitall Wrote:  

(12-19-2017 06:10 PM)Kaplony Wrote:  

(12-19-2017 06:05 PM)dawgitall Wrote:  You are an amazing person.

How am I doing?

I put my daughter through college without borrowing a dime. She has a good job 4 months after graduation and is well on her way to total independence. I live in a 70 year old home in my small town rather than in one of the subdivisions outside town. It will be paid for in 9 months. I have always contributed to a 401k, maxing it out in recent years in fact. I drive a 12 year old car. I have no debt other than the house, well I take that back I've got a zero turn mower that I got at zero interest with a couple of years left to pay on it. I have money in a Money Market Account that I use when medical bills come up. I had cataract surgery this summer and paid for that without using a credit card. We scrimp and do without. When I say "most of us live pay check to pay check" I mean people in general not me in particular.

So explain to me why I should have money forcibly taken from every single one of my paychecks to pay for the people who can't live within their means.

First tell me how wonderful I am for my fiscal responsibility.

I don't compliment people who lie in posts. You should feel lucky you aren't on ignore like fitbud is now.

Lucky? Ha, you do have a very inflated opinion of yourself. It's a message board. I could care less.

(12-19-2017 07:35 PM)Crebman Wrote:  

(12-19-2017 06:18 PM)dawgitall Wrote:  

(12-19-2017 06:10 PM)Kaplony Wrote:  

(12-19-2017 06:05 PM)dawgitall Wrote:  

(12-19-2017 05:44 PM)Kaplony Wrote:  If they are living paycheck to paycheck then by definition aren't living within their means.

I've been able to put away money from every single paycheck I've made within my life, even when we were a one fulltime and one part-time income with a small child when my wife was finishing graduate school. For a while we had to live in a bad part of town and eat generic brand everything but we still made it a point to put money away. It's turned out to be a blessing that we did so several times because unlike friends and neighbors who had to take out loans for unexpected home or auto expenses we were able to pay for them without going into debt. When my Grandfather got sick we were able to help with his expenses because that's what responsible people do....help out family without asking the taxpayers to do it.

THAT'S being fiscally responsible.

You are an amazing person.

How am I doing?

I put my daughter through college without borrowing a dime. She has a good job 4 months after graduation and is well on her way to total independence. I live in a 70 year old home in my small town rather than in one of the subdivisions outside town. It will be paid for in 9 months. I have always contributed to a 401k, maxing it out in recent years in fact. I drive a 12 year old car. I have no debt other than the house, well I take that back I've got a zero turn mower that I got at zero interest with a couple of years left to pay on it. I have money in a Money Market Account that I use when medical bills come up. I had cataract surgery this summer and paid for that without using a credit card. We scrimp and do without. When I say "most of us live pay check to pay check" I mean people in general not me in particular.

So explain to me why I should have money forcibly taken from every single one of my paychecks to pay for the people who can't live within their means.

First tell me how wonderful I am for my fiscal responsibility.

Dawg, I'll applaud you for keeping your fiscal house in order and living within your means.

While I don't feel comfortable just turning folks away from health issues, it p!sses me off that there are people that believe I should cover myself for medical, then be taxed to cover someone else's medical care.

I mean, are you okay with taking care of yourself, then having some government bureaucrat force you to also pay for your neighbors health care while he pays nothing because he has made sh!tty life choices? ...this about what is happening.....

(12-19-2017 08:12 PM)Kaplony Wrote:  

(12-19-2017 07:22 PM)dawgitall Wrote:  

(12-19-2017 06:21 PM)Kaplony Wrote:  

(12-19-2017 06:18 PM)dawgitall Wrote:  

(12-19-2017 06:10 PM)Kaplony Wrote:  So explain to me why I should have money forcibly taken from every single one of my paychecks to pay for the people who can't live within their means.

First tell me how wonderful I am for my fiscal responsibility.

I don't compliment people who lie in posts. You should feel lucky you aren't on ignore like fitbud is now.

Lucky? Ha, you do have a very inflated opinion of yourself. It's a message board. I could care less.

Ok then.

Bye!

(12-19-2017 02:38 PM)Lord Stanley Wrote:  

(12-19-2017 02:29 PM)dfarr Wrote:  If anyone is expecting to retire comfortably on SS then they are in for a rude awakening.

Tell me about it. I am housing my mother-in-law for the foreseeable furture because no way SS covers her living expenses (however minimal) and her other investments we need to sock away to take care of the inevitable sickness/end-of-life concerns.

On the flip side, my baby sitter expenses have gone to zero.

(12-17-2017 11:10 AM)usmbacker Wrote:  http://taxplancalculator.com/