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Norton · 03-05-2008, 05:25 PM

Quote:

Originally Posted by Norton

Yes, retirement benefits are currently calculated on money paid into the system to determine monthly benefit. No matter how much is paid in there is a set maximum benefit for all which is in the neighborhood of 1700/month currently. Most people pay far more into the system than they will ever get back in return.

Quote:

Originally Posted by buad hai

The statement quoted above along with most of the other posts in this thread, are full of errors and misconceptions.

Would appreciate your input. Specifically to the my post above. Admit the maximum retirement benefit is currently $2,310/per month rather than the $1,700 I stated. If this is what your reference to "errors and misconceptions" is then I humbly stand corrected.

If you are saying benefit payments are not based on ones past earnings, a percentage of which is paid in FICA, then I respectfully disagree.

Social Security Online Calculator

Norton · 03-05-2008, 05:31 PM

Quote:

Originally Posted by Milkman

People in their 60s can still work. 60, is not "old" in my opinion.

Yes of course they can. Guess I need a bigger sarcastic smiley face.

Told Stool · 05-05-2008, 01:08 AM

At least we're not letting the Muzzle 'ems take all our money, like the Dutch are doing. Mr. Geert Wilders just made commentary that the Muzzle 'ems are coming into his country and not wanting to work (and subsequently have a friendship circle from work)...unjustly getting welfare and moving into houses they just aren't earning.

For the U.S., it's the Hispanics who are robbing the social welfare system.

The EU's social security will crack before the U.S.'s...it's a well-known fact that even around 2020 when payments into SS will be lower than payouts...SS will be able to provide for its recipients at 75% or more FOREVER.

Panda · 05-05-2008, 03:22 PM

^ seems to be a lot of anger there.
You could be useful cannon fodder.
Have you considered joining the army?

chinthee · 20-05-2008, 12:05 PM

Americans worry about funding a long retirement

Quote:

NEW YORK - Americans worry that inflation and the rising cost of health care are increasing the risk that they will run out of money in retirement, according to a study released Monday.

Quote:

Rappaport also said that Americans appear to be underestimating the financial impact of the death of a spouse. About 60 percent of those responding to the survey felt there would be little impact when a spouse dies, but Rappaport said that surviving spouses often experience significant drops in income and benefit coverage, especially women.

Quote:

In the latest study, some 15 percent of those still working said they expected to work in their primary occupation until at least age 66, and 28 percent said they may never retire.

Americans worry about funding a long retirement - Yahoo! News

I guess we can expect a flood of overqualified seniors to descend on Thailand and take all the teaching jobs?

Milkman · 20-06-2008, 02:32 PM

Life expectancy plays a part in SS returns.

Quote:

Race, Income, Geography Influence US Life Expectancy

by Tom Harrison| 12 September, 2006 03:13 GMT

Americans are living longer than ever before, but life spans are apparently related to racial makeup and place of residence, say researchers. Life expectancy in the US varies tremendously from place to place in the country and from one ethnic group to another. Although the average life span in the US continues to rise, gaps in life expectancy have changed little from 1982 to 2001. There is a wide gulf -- as much as 33 years -- between those who enjoy the best health and those who are most likely to suffer from illnesses, according to a new study published in PLoS Medicine. Researchers at Harvard University's Initiative for Global Health and its School of Public Health divided the US into eight "Americas" based on factors including race, location, population density, income and homicide rates:

Asians, 10.4 million popuulation, $21,566 average income, life expectancy 84.9 years;
Northland low-income rural whites, 3.6 million population, $17,758 average income, life expectancy 79 years;
Middle Americans, 214 million population, $24,640 average income, life expectancy 77.9 years;
Low-income whites in Appalachia and Mississippi, 16.6 million population, $16,390 average income, life expectancy 75 years;
Western Native American, 1 million, $10,029 average income, life expectancy 72.7 years;

Black middle America, 23.4 million population, $15,412 average income, life expectancy 72.9 years;

Southern, rural, low-income black, 5.8 million population, $10,463 average income, life expectancy 71.2 years; and
High-risk urban black, 7.5 million population, $14,800 average income, life expectancy 71.1 years.

The primary cause of the disparities between racial and geographic groups is early death from chronic disease and injuries, an analysis of data from the Census Bureau and the National Center for Health Statistics showed.

Asian-American women living in Bergen County, NJ, enjoy the greatest life expectancy in the US, at 91 years. American Indians in South Dakota have the worst, at 58 years.

Link and Entire: Race, Income, Geography Influence US Life Expectancy

Here's a quick true but comedic thing on SS. Fast forward 25 seconds:

edit: need to find right one: brb.

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05-05-2008, 01:08 AM	#43 (permalink)
Told Stool I am in Jail Last Online: 22-11-2008 10:56 PM Join Date: Jul 2007 Location: Sheraton Grande Sukhumvit Posts: 316	At least we're not letting the Muzzle 'ems take all our money, like the Dutch are doing. Mr. Geert Wilders just made commentary that the Muzzle 'ems are coming into his country and not wanting to work (and subsequently have a friendship circle from work)...unjustly getting welfare and moving into houses they just aren't earning. For the U.S., it's the Hispanics who are robbing the social welfare system. The EU's social security will crack before the U.S.'s...it's a well-known fact that even around 2020 when payments into SS will be lower than payouts...SS will be able to provide for its recipients at 75% or more FOREVER.

05-05-2008, 03:22 PM	#44 (permalink)
Panda Elite Member Last Online: Yesterday 06:29 PM Join Date: Jul 2007 Posts: 1,850	^ seems to be a lot of anger there. You could be useful cannon fodder. Have you considered joining the army?

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