(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.

There is no way to "budget" for health insurance rates that are as much as a house payment, only to have that policy not actually pay for actual healthcare due to the outrageous deductibles so you have to have a secondary stash of money budgeted to pay for medical expenses. The whole farce is an oxymoron.

(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.

I doubt you are keeping up with inflation in the savings account. The thing about the market crash is that if you kept putting money in you would be getting a bargain on those mutual funds while the market was low and eventually the market will come back and you will make up your losses from the pre-recession money and remember you got more for your money with the funds you bought during the downturn. I doubled my contributions when the market bottomed out and then maxed out when I was allowed a greater contribution after age 50. If you have enough years left before retirement I (for what it is worth) would suggest you restart that 403B and put in whatever you can, even if it hurts. A pension is only going to be about 50-70% of you salary, and even with the occasional COLA it will not keep up with inflation.

(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.

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 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.

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 06:05 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.

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 06:10 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.

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

(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.

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 06:21 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.

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

(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.

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 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.

Ok then.

Bye!

(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.....

I don't think of it that way. Children don't make bad life choices. I don't think they should suffer if their parents do. Veterans that come back dealing with emotional and physical issues should be cut some slack. People make lots of really stupid choices and sometimes they pay for them for years to come. Sometimes it has nothing to do with their own choices at all. I single mother because she left an abusive relationship shouldn't have the rest of her life ruined. Are their people that are just sorry and lazy? Of course there are, but we have to offer some opportunities even for them. If providing some health care to that child can make a difference in whether they might grow up to be a productive member of society or not I'm willing go on the side of providing care for them. If my neighbor works hard for years and starts experiencing health issues that make it difficult for them to work I'll side with helping them. If getting that young female that has already had two children some birth control I say lets do it. If the sketchy guy hooked on meth or opiates has hit rock bottom and is finally ready to get the help he needs I'd rather we foot the bill for rehab so that maybe it isn't my house that he breaks into next especially given that my wife is disabled and at home by herself all day. Maybe he recovers and starts contributing to society going forward.Do you see where I'm coming from?

(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!

I thought he would never leave.

(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.

We had chosen not to go the nursing home route but had to consider it as my mother-in-law's health declined.

We assumed her $1,500 / month SS check would be nowhere close to covering the cost of a facility. And we were right.

They required her SS benefits be directed to then and then they wanted part of the estate.

Well, there was no estate. Zip. Nil. Nadda. Zilch. Zero.

She continued living with us until she passed away.

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

Thanks for posting this. And might I add... God Bless Donald Trump!

I have SS plus military retirement plus a growing TTRS pension, currently around $20,000/year. Until Obamacare passed, I counted on my access to Tricare to cover major health problems. With what has been done to Tricare, I no longer see that as a viable possibility. So I plan to keep working. 3 days a week, 9 months a year, is hardly daunting.