Displaying 11 - 20 of 217 Forum PostsPrev 1 2 3 4 5 Next
  • Aug 13, 2017 04:29 AM
    Last: 5d

    2.2% increase to Social Security benefits equates to about $30-35 more per month in every single person's pocket that gets benefits. Sure that's not a ton of money still. But for those living on a fixed income budget, that's certainly welcome news. Annually, it's about an extra $360-420/year for everyone. Not too bad.

    And it's also the best cost-of-living increase the program has seen % wise in the last 6 years. Way better than this year, with a very small 0.3% raise. This one is over 7 times that.

    So good news, though this is just a prediction based on projected COL and whatnot. The exact % of increase will be officially announced in October, so stayed tuned.

  • Aug 10, 2017 05:21 PM
    Last: 9d

    Yeah, talks of SS disappearing completely do seem to be pretty hyperbolic. Though I have to admit I do not really expect to see full SS benefits when I reach that age, mainly because it's so long away, and.. you never know what the government at large will be or look like at that point. It would be nice I suppose, but I'm certainly not counting on it. I look at SS payments as just a tax for living in the US to be honest, that I have to put up with. If I ever get some back, cool. If not, whatever.

    And that's what the detractors of the program throughout my lifetime have lead me to feel about the state of Social Security, apathetic.

    In reality though, cynicism aside, like the article points out we will be seeing several common sense reforms to the program over the next few decades well before it ever gets too terribly dyer.

    That means that yes, social security will change at some point, and will not be quite as good as it is even today, that's a guarantee. Rates will rise, even if just modestly, that's still a rise. Cost of living calculators and payouts will decrease. Stuff like that.

  • May 18, 2017 04:11 PM
    Last: 1mo
    jerrischick Wrote: Where do you go to apply for social security benefits? I just turned 62 and I want to apply. I thought this was the website to do it but it seems it is just the site to talk about it. Can somebody help me?

    Yes, this is a community website to discuss governmental programs, and to get help and info on them. Per your question, there are a few routes you can go to apply.

    1. Apply online. Here you can apply for Retirement or Spousal benefits, as well as Medicare and Disability.

    2. Apply in person at a local office. That link will give you an office locator, based on your zip code.

    3. Call 1-800-772-1213. That's the main Social Security number, and you can apply (or at least start the process of applying) over the phone.

    Hope that helps. Feel free and ask anyone here questions.

  • Jun 26, 2017 05:06 PM
    Last: 2mo
    Is a really good resource. Calculators are also good, but this gives you exact information based on your personal history of paying into the system. I signed up a few months ago. Even though I'm very far away from retirement age, it was good to know that I can see what I should expect in the future for retirement, assuming (hopefully) the program lasts long enough for that to happen.
  • Jun 11, 2017 10:47 AM
    Last: 2mo

    This video should help as well:

  • May 31, 2017 06:01 PM
    Last: 3d

    What Trump cut in his agency budgets.

    Great resource right there. Outlines exactly what Trump's 2018 federal budget proposal would do. All the cuts, and all the increases. The %s are listed below, for each department of note. But the article goes into much more depth, for each department as to exactly what's being cut and/or increased.

    The summary I found most telling though:

    To pay for an increase in defense spending, a down payment on the border wall and school voucher programs, among other things, funding was cut from the discretionary budgets of other executive departments and agencies. The Environmental Protection Agency, the State Department and the Agriculture Department took the hardest hits.

    What do you make of all this? Aside from the increase to Veteran Affairs, I find the reallocation of funds disturbing to be honest. Reports are suggesting that his proposal cuts $4.1 trillion from social safety net programs. While increasing defense spending by $54 billion.

    I must be missing something though.. does that mean he proposes to save over $3 trillion with the cuts? That can't be remotely true. What am I missing?

    Here are those % numbers. Curious everyone's thoughts on all this.

    Cutting by % -?

    33% of the State Department
    31% of the EPA
    21% of the Agriculture Dept
    21% of the Labor Dept
    18% from the Dept of Health and Human Services
    16% from the Commerce Dept
    14% of the Education Dept
    13% from Dept of Housing and Urban Development
    13% from the Transportation Dept
    12% from the Interior Dept
    6% of the Energy Dept
    5% from Small Business Administration
    4% from the Treasury
    4% from the Justice Dept
    1% from NASA

    Increases in Spending by % -

    6% for the Dept of Veteran Affairs
    7% for the Dept of Homeland Security
    9% to the Defense Department

  • May 15, 2017 02:24 PM
    Last: 3mo
    What's the latest on this? Is this something that's going to be voted on, or just a proposal from the administration, for talking points? Tried to google, and got a little confused.. anyone know?
  • Feb 28, 2017 02:01 PM
    Last: 3mo

    News on this front, and it's not good:

    Trump budget: $800 billion in Medicaid cuts

    Boils down to a proposal of slowly cutting federal funding until it's down by 25% by 2026.

  • Mar 27, 2017 01:43 PM
    Last: 4mo
    JFoster Wrote:

    Don't get discouraged by the mountains of information out there. According to the IRS, 20% of American tax payers miss out on a tax break worth up to $6,269. Now that is something to think about.

    If they wanted to fix this, I think they could. Couldn't you just put every single tax program into a system, then have someone enter in all their info and answer a load of questions, and have that spit out all the programs they qualify for come tax season?

    I suppose tax software programs claim to be able to do this already. But it irritates me that you have to a pro just to hopefully get every program that should be coming your way. I say again, this shouldn't be so complicated that its it's own industry. That's the definition of a cottage industry.

  • Apr 02, 2017 01:55 PM
    Last: 4mo
    Good advice. Asking a lot of questions is the best way to go. The less lenders are willing to share and answer freely, the more likely you will be paying crazy high fees and % interest rates that you won't realistically be able to even afford.