U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 03-18-2016, 11:14 AM
 
Location: Mount Airy, Maryland
10,462 posts, read 5,930,681 times
Reputation: 16156

Advertisements

Quote:
Originally Posted by Burkmere View Post
If teachers don't pay into it, why should they receive it? Answer: They . In fact if I was her I wouldn't want Social Security taken out. I would invest the difference and be way ahead. But of course teachers are no different than anyone else. They don't save On average. Don't get me started about the poor teachers.
I'm right with you on this topic.
Reply With Quote Quick reply to this message

 
Old 03-18-2016, 11:21 AM
 
29,782 posts, read 34,871,258 times
Reputation: 11705
[quote=Burkmere;43401641]
Quote:
Originally Posted by TuborgP View Post
Most teachers pay into and receive benefits. A number of selective state employees don't participate but most do. EScort is in Calif and they don't.

Actually, many teachers don't pay into SS and so rightly so...don't receive benefits.

From a reputable publication :

"about 40 percent of teachers are not covered by Social Security because they teach in jurisdictions that have not elected to participate in Social Security"
Thank you for agreeing with and providing a link to support my quoted post that most teachers DO pay into SS. For anyone missing our joint point be advised that if 40% don't pay in that means 60% do which is greater than 50% thus most pay in to SS. The percentage of teachers not paying in is greater than the number of states that don't participate as many of the states not participating are larger than the norm. This is in response to a thread posted by Burkmere. Part of the above is his and mine but the way it was offered created it seeming like I was just responding to myself.

Last edited by TuborgP; 03-18-2016 at 11:30 AM..
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 11:23 AM
 
Location: Myrtle Creek, Oregon
12,266 posts, read 12,507,549 times
Reputation: 19419
Quote:
Originally Posted by alpineprince View Post
I live overseas and SS pays 99% of living costs for a family of four. My wife can bank her salary and we don't need to touch our stash!
Yes, I know two families that have relocated to Costa Rica, but they are active, intelligent people who have adjusted easily to another language and culture. I know another family that tried, but six months later they were back in the US. They were overwhelmed by the challenges.
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 11:26 AM
 
29,782 posts, read 34,871,258 times
Reputation: 11705
Quote:
Originally Posted by Burkmere View Post
If teachers don't pay into it, why should they receive it? Answer: They . In fact if I was her I wouldn't want Social Security taken out. I would invest the difference and be way ahead. But of course teachers are no different than anyone else. They don't save On average. Don't get me started about the poor teachers.
Many as in many teachers have 403B plans and it is hard not to be aware of the opportunity to invest in one. Salesman are vultures offering multiple options and in many cases to many options and not always at friendly fees. Educator's professional associations often publish and push 403B options at the local level and in the building. The following is a good web site for public employees on 403B investing and the millionaire teacher is a very good book followed by many.
403(b)wise . The Leading Source of 403(b) Information on the Web
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 11:37 AM
 
Location: Myrtle Creek, Oregon
12,266 posts, read 12,507,549 times
Reputation: 19419
Quote:
Originally Posted by reneeh63 View Post
I have a fair amount of savings and a moderate pension...does that mean I'm not also looking forward to another couple grand a month in social security? You bet your a$$ I am!
With career earnings like that you should have massive savings. The median SS check is only about $1200. To collect $2k you would have to have been earning about 3x median income.
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 12:35 PM
 
Location: Somewhere in deep in Maine
3,658 posts, read 2,812,119 times
Reputation: 4436
Quote:
Originally Posted by Submariner View Post
https://www.ssa.gov/news/press/facts...facts2016.html

Maximum Social Security Benefit for 2015
Worker Retiring at Full Retirement Age: $2,663/mo.

Maximum Social Security Benefit for 2016
Worker Retiring at Full Retirement Age: $2,639/mo.
Noooo noooooo nooooo SUBBY(may I call you that?)

How about the maximum you can get when you start taking it at 62 years old since you want to beinto the system before they decide to only give it to people who have reached 70, except for those of us who were smart enough to take it at 62(of course you'll make more at 70, but you won't make more total than the people who started at 62 unless you live above age 86).
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 12:44 PM
 
29,782 posts, read 34,871,258 times
Reputation: 11705
Quote:
Originally Posted by slyfox2 View Post
Noooo noooooo nooooo SUBBY(may I call you that?)

How about the maximum you can get when you start taking it at 62 years old since you want to beinto the system before they decide to only give it to people who have reached 70, except for those of us who were smart enough to take it at 62(of course you'll make more at 70, but you won't make more total than the people who started at 62 unless you live above age 86).
For many it isn't about total lifetime benefits received but about a higher fixed income stream later in life and maximizing spousal benefits for the surviving spouse when you go from two benefits to one. That is our priority and many others we know. We also each selected spousal benefits for our pensions so the survivor had both.
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 12:44 PM
 
2,294 posts, read 1,561,711 times
Reputation: 2737
Quote:
Originally Posted by freemkt View Post
I see a vast lifestyle difference between SSDI (oe retirement SS) homeowners and renters. As a poor person limited to renting cheap rooms on Craigslist, I've known a number of SSDI recipients limping from month to month with no money and no life, which is no way to live. So I figure every homeowner on SSDI should be grateful they own their home, because it can be worse to always worry where you're going to be sleeping in two months.
And why is it again you are poor?
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 01:04 PM
 
Location: Somewhere in deep in Maine
3,658 posts, read 2,812,119 times
Reputation: 4436
Quote:
Originally Posted by Burkmere View Post
And why is it again you are poor?
I'm poor because I can't match the income of the 1%ers and famous name rich families that are friends that I know. NOOOOO....Martha Stewart is not a friend.
Reply With Quote Quick reply to this message
 
Old 03-18-2016, 01:07 PM
 
Location: Somewhere in deep in Maine
3,658 posts, read 2,812,119 times
Reputation: 4436
Quote:
Originally Posted by TuborgP View Post
For many it isn't about total lifetime benefits received but about a higher fixed income stream later in life and maximizing spousal benefits for the surviving spouse when you go from two benefits to one. That is our priority and many others we know. We also each selected spousal benefits for our pensions so the survivor had both.
And you have that right, however misconceived it might be for me. Just kidding! If the foo sheets, then wear it!

You probably don't have one of those rare government pensions, do you? You probably weren't thinking about that when you were 24 years old.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top