By Joseph J Kusnell
BoomerYearbook.com
There is no way to tell today whether Obama will be in office for four years, eight years or perhaps indefinitely. I personally believe if he wins in 2012 he is going to be with us at least as long as Roosevelt was and that was 16 years. If so, there are going to be many changes made to our way of life.
Here is one that is only a thought away. I believe in the next two years, you are going to begin to hear talk about tying social security payments to a “means test”. A means test, as you probably know, is where they determine if you really NEED your social security check or not. That will be dependent on your other assets. If they feel you can generate enough income from your investments (other than your house) to equal or approximately equal your social security payment, they will reduce your social security payment proportionately. Call it indexing social security.
You might want to consider this possibility in your long range planning. I do not think they will eliminate social security totally for anyone but they may reduce it seriously for people with net worth of $500,000.00 or more. After all, they are growing government and they need to find increasing ways to pay for these employees.
They have just announced they are hiring 1,000,000 employees at $10/20 an hour to count our citizens (census). I would have thought they could use postal employees who are already being paid to take the census. They could easily have suspended mail deliveries to residences one day a week for two weeks in order to allow the carriers to take the census. But then that wouldn’t have put another million people -? – on the payroll. So they will do it this way.
Our government has learned they can pretty much do whatever they want to us now and get away with it. So they will. Their goal is to take from those that have and give to those that have not. It certainly buys them a lot of votes.
The point of this is, if you have $400,000.00 or more in assets excluding your house, be very careful how much you depend on your social security. The check may be there but the amount may be seriously reduced.
Joey
Tags: Elderly Problems, marketing to baby boomers, Psychological Articles
This entry was posted
on Tuesday, December 1st, 2009 at 6:07 pm and is filed under Joey's Comments and Controversy.
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An Opinion on Social Security
By Joseph J Kusnell
BoomerYearbook.com
There is no way to tell today whether Obama will be in office for four years, eight years or perhaps indefinitely. I personally believe if he wins in 2012 he is going to be with us at least as long as Roosevelt was and that was 16 years. If so, there are going to be many changes made to our way of life.
Here is one that is only a thought away. I believe in the next two years, you are going to begin to hear talk about tying social security payments to a “means test”. A means test, as you probably know, is where they determine if you really NEED your social security check or not. That will be dependent on your other assets. If they feel you can generate enough income from your investments (other than your house) to equal or approximately equal your social security payment, they will reduce your social security payment proportionately. Call it indexing social security.
You might want to consider this possibility in your long range planning. I do not think they will eliminate social security totally for anyone but they may reduce it seriously for people with net worth of $500,000.00 or more. After all, they are growing government and they need to find increasing ways to pay for these employees.
They have just announced they are hiring 1,000,000 employees at $10/20 an hour to count our citizens (census). I would have thought they could use postal employees who are already being paid to take the census. They could easily have suspended mail deliveries to residences one day a week for two weeks in order to allow the carriers to take the census. But then that wouldn’t have put another million people -? – on the payroll. So they will do it this way.
Our government has learned they can pretty much do whatever they want to us now and get away with it. So they will. Their goal is to take from those that have and give to those that have not. It certainly buys them a lot of votes.
The point of this is, if you have $400,000.00 or more in assets excluding your house, be very careful how much you depend on your social security. The check may be there but the amount may be seriously reduced.
Joey
Tags: Elderly Problems, marketing to baby boomers, Psychological Articles
This entry was posted on Tuesday, December 1st, 2009 at 6:07 pm and is filed under Joey's Comments and Controversy. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.