Displaying 1 - 10 of 221 Forum Posts1 2 3 4 5 Next
  • Jul 05, 2018 04:26 PM
    Last: 21d
    3.9k

    I'm actually of the opposing opinion, especially if you're financially able to wait until you reach your full retirement age (which is dependent on the year you are born.)

    If you begin drawing your benefits the first day you're able to then your monthly benefit is reduced by 30%, with the percentage dropping each year thereafter until you reach full retirement age. That winds up being a whole lot of money in the long run.

    I stress that this may not be possible for everyone for a myriad of reasons, but I'm of the belief that the longer you wait to begin collecting your Social Security benefits the better.

  • Apr 06, 2015 11:56 AM
    Last: 21d
    102k
    J.K.Logic Wrote: Still relevant info. Good post, as that link also helps you find out about the CHIP program as well.

    Medicaid and CHIP program names in your state

    That's a good resource as well, as different states can call Medicaid and CHIP different things. If you enter your state in that drop down, it will tell you what your state labels the programs as. Could be helpful if your google searching isn't turning up the results like it should.

    I have a feeling a lot of people who qualify for Medicaid or CHIP don't even realize it, especially those who are younger and consider themselves healthy. It doesn't cost a thing to apply, so there's no reason not to.
  • Apr 03, 2018 01:02 PM
    Last: 4mo
    4.7k

    If you're someone like me who tends to wait until the last minute to file your taxes then you're in luck because the deadline is a few days later than it usually is. April 15th, the usual day to file your taxes, is on a Sunday this year and the 16th is Emancipation Day (a holiday in Washington, D.C.), so the tax filing deadline this year is on Tuesday, April 17th.

    My goal is to get my taxes done sometime in the next few days, but it is nice to know that I have a couple extra days if I procrastinate. Is anyone else like me and waits to the last minute to file your taxes or do you like to get yours done as soon as possible?

  • Feb 17, 2018 11:39 PM
    Last: 6mo
    863
    Jaded Wrote: My husband and I live in two different states for now. He is a resident of Mass and I am a resident of Ms and we file a joint tax return, but will I have to pay into Mass state even though I do not live or reside in that state?
    I would encourage speaking with a tax professional before filing, but you only have to pay state taxes for a state that you reside in. So if you don't reside in Massachusetts then you will not be required to pay Massachusetts state income taxes, but you will be required to pay Mississippi state income tax.
  • Feb 20, 2018 02:31 PM
    Last: 6mo
    1.1k
    Bearit4life Wrote: I was married in April of 2017 and in September of 2017 my husband beat me until I was sent to the hospitial . I had to relocate due to his violence and have restraining orders/protective orders in place. I am currently working with the Crime Victim Compensation as well. I am not divorced but I am DEF separated. What should I do?
    I'm so sorry to hear about everything you're going through. I would strongly encourage you to directly contact the IRS and ask them for guidance.
  • Jan 31, 2018 11:03 PM
    Last: 6mo
    2.4k
    I'm sorry to hear about your current predicament, but if you've talked with an IRS agent and they advised you to hold off on filing your 2017 taxes then I would heed their advice.
  • Oct 03, 2017 02:33 PM
    Last: 8mo
    3.3k

    The House just passed the Joint tax bill and the Senate is scheduled to vote on the bill tonight, which is all but guaranteed to pass after Leader McConnell has secured enough votes for its passage. Then it's off to the President's desk for his signature.

    The final version of the bill maintains seven tax brackets, doubles the standard deduction, but also does away with many popular deductions. It will go into effect on January 1, 2018.

  • Nov 21, 2017 08:20 AM
    Last: 9mo
    2.5k
    J.K.Logic Wrote:

    Update:

    Short-term funding bill includes help for children's health insurance

    So that buys time until Dec 22nd. But if nothing is done after that, many states will be without CHIP funds whatsoever. Trump is temporarily funding some states with leftover budget money from prior years in CHIP at the moment. But how long can that seriously last?

    This political football is putting 8,900,074 children's lives at risk. I find it ironic, and deeply depressing, that our Congress can pass a tax cut bill that will add trillions of dollars to our debt and deficit, but then claim it's fiscally irresponsible to make sure poor children receive adequate health care.

    Poverty isn't a red state or a blue state issue; it's an American issue. Poor children who live in Alabama or Mississippi deserve to get adequate health care as much as poor children who live in California or New York do.

  • Nov 21, 2017 08:20 AM
    Last: 9mo
    2.5k
    It really is a shame the political environment is so dysfunctional that members of both parties can't come together to ensure impoverished children are able to receive healthcare. It makes me sick.
  • Mar 28, 2015 03:20 PM
    Last: 5d
    50k
    Maronita1 Wrote:

    People do NOT seem to realize you were NOT meant to live off Social Security. Social Security was INTENDED to be 1/3 of your retirement. People were SUPPOSED to also save for their retirement (1/3) and finally the government EXPECTED that employers would give retirement benefit (1/3). UNFORTUNATELY, MOST do NOT save for retirement AND many employers no longer give retirement benefits.

    Social Security was also passed during a time when the average person died before they even became eligible for it.

    Yes, Social Security was never meant to be the only form of financial security for retirees, but it has become that for millions of people now that major corporations no longer provide pensions and 401k's rise and fall with the stock market, which millions of people found out in 2008-09.

    Many people don't save what they need to for retirement because they can't save what they need to for retirement. The average American hasn't received a raise in decades. Sure, they may have made more money per year, but the cost of living has far outpaced any extra money they have made.

    It's not as simple as blaming the victim. Life is far more complicated than that.