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NOYB wrote:
"Jim," wrote in message ... NOYB wrote: "Jim," wrote in message ... NOYB wrote: "DSK" wrote in message . net... Fits wrote: Accepting the guvmint check returning the money that has essentially been stolen from you every year of your working life....more or less at gun point.......does NOT negate the complaint against socialism....... Sure it does. Accepting a Social Security benefits check... which is socialism... while complaining about socialism, especially saying that socialists ought to be killed... is just outright hypocrisy. I'd happily forgo my Social Security check later in life as long as I am exempt from paying FICA today. Remember that SS is for more than retirement. Should you get hit by a truck tomorrow, and are unable to work, you get to collect. I buy personal disability insurance for that kind of thing. If the truck kills you, your wife and kids (assuming you have any) also collect. That's why my life policy is for. And I'll bet you have less coverage, and pay more than SS. Max SS for 1995 is $1939/month -- indexed to cost of living My policy is $8400/month, tax-free, payable to age 65, and also indexed to cost of living. It ain't cheap, but I know it will be there when I need it. And I don't have to worry about the government monkeying around with it and paying me a few cents on the dollar because they mismanaged it. Are you counting on SS after age 65, or passing on to the next world? Seems you have the disability part covered well, how about the retirement income -- and income for your family should you not make it to 65? |
"Jim," wrote in message ... NOYB wrote: "Jim," wrote in message ... NOYB wrote: "DSK" wrote in message t... Fits wrote: Accepting the guvmint check returning the money that has essentially been stolen from you every year of your working life....more or less at gun point.......does NOT negate the complaint against socialism....... Sure it does. Accepting a Social Security benefits check... which is socialism... while complaining about socialism, especially saying that socialists ought to be killed... is just outright hypocrisy. I'd happily forgo my Social Security check later in life as long as I am exempt from paying FICA today. Remember that SS is for more than retirement. Should you get hit by a truck tomorrow, and are unable to work, you get to collect. I buy personal disability insurance for that kind of thing. If the truck kills you, your wife and kids (assuming you have any) also collect. That's why my life policy is for. And I'll bet you have less coverage, and pay more than SS. Max SS for 1995 is $1939/month -- indexed to cost of living. Go price an annuity that will give you that, then price life insurance that will give you the cost of the annuity. Then do the same for disability, and add the 2 -- unless you can find a policy that covers both. I could buy a really nice insurance policy for the money. My SS statement just came the other day. I paid $77,596 and my employers have paid $80,737 over the years. Since I am not yet 62, the amount could be increased. A a present day single premium $25,000 annuity will pay you about $235 / month. So if the money had gone in over the years, the annuity would be a lot greater. Medicare started in 1966. We have been paying 1.5% of total earnings with no limit on amount of earnings. And this is excess to the above named amounts for SS. You could buy a nice long term disability plan for these moneys. And If I wait to 66 can collect $1945 month. And payments were on only the first $7800 in 1970-1971. Increasing to $82,514 with a bigger percentage 31 years later. Seems as if this is not that good of investment for someone 30 years old. Currently it is 6.2% up to $87,900 and the employer matches the payments. $10,899 /year not including medicare can buy you a really nice annuity. |
Calif Bill wrote:
"Jim," wrote in message ... NOYB wrote: "Jim," wrote in message ... NOYB wrote: "DSK" wrote in message . net... Fits wrote: Accepting the guvmint check returning the money that has essentially been stolen from you every year of your working life....more or less at gun point.......does NOT negate the complaint against socialism....... Sure it does. Accepting a Social Security benefits check... which is socialism... while complaining about socialism, especially saying that socialists ought to be killed... is just outright hypocrisy. I'd happily forgo my Social Security check later in life as long as I am exempt from paying FICA today. Remember that SS is for more than retirement. Should you get hit by a truck tomorrow, and are unable to work, you get to collect. I buy personal disability insurance for that kind of thing. If the truck kills you, your wife and kids (assuming you have any) also collect. That's why my life policy is for. And I'll bet you have less coverage, and pay more than SS. Max SS for 1995 is $1939/month -- indexed to cost of living. Go price an annuity that will give you that, then price life insurance that will give you the cost of the annuity. Then do the same for disability, and add the 2 -- unless you can find a policy that covers both. I could buy a really nice insurance policy for the money. My SS statement just came the other day. I paid $77,596 and my employers have paid $80,737 over the years. Since I am not yet 62, the amount could be increased. A a present day single premium $25,000 annuity will pay you about $235 / month. So if the money had gone in over the years, the annuity would be a lot greater. Medicare started in 1966. We have been paying 1.5% of total earnings with no limit on amount of earnings. And this is excess to the above named amounts for SS. You could buy a nice long term disability plan for these moneys. And If I wait to 66 can collect $1945 month. And payments were on only the first $7800 in 1970-1971. Increasing to $82,514 with a bigger percentage 31 years later. Seems as if this is not that good of investment for someone 30 years old. Currently it is 6.2% up to $87,900 and the employer matches the payments. $10,899 /year not including medicare can buy you a really nice annuity. Now figure disability |
"Jim," wrote in message ... NOYB wrote: "Jim," wrote in message ... NOYB wrote: "Jim," wrote in message ... NOYB wrote: "DSK" wrote in message .net... Fits wrote: Accepting the guvmint check returning the money that has essentially been stolen from you every year of your working life....more or less at gun point.......does NOT negate the complaint against socialism....... Sure it does. Accepting a Social Security benefits check... which is socialism... while complaining about socialism, especially saying that socialists ought to be killed... is just outright hypocrisy. I'd happily forgo my Social Security check later in life as long as I am exempt from paying FICA today. Remember that SS is for more than retirement. Should you get hit by a truck tomorrow, and are unable to work, you get to collect. I buy personal disability insurance for that kind of thing. If the truck kills you, your wife and kids (assuming you have any) also collect. That's why my life policy is for. And I'll bet you have less coverage, and pay more than SS. Max SS for 1995 is $1939/month -- indexed to cost of living My policy is $8400/month, tax-free, payable to age 65, and also indexed to cost of living. It ain't cheap, but I know it will be there when I need it. And I don't have to worry about the government monkeying around with it and paying me a few cents on the dollar because they mismanaged it. May I ask who is your policy with, and what is the cost (compared to SS) I had a Berkshire policy and two Guardian policies, but the two companies have since merged. I'll have to get back to you on the cost. Most of it's paid quarterly through auto-debit, but one of the policies is paid monthly. I'll add them up and let you know. My life policy is for $1.5m...and the premium is about thousand/year. I also have a business overhead expense policy that costs me about $320/quarter...but that only pays out for a couple of months in the event of a disability. |
"Jim," wrote in message ... NOYB wrote: "Jim," wrote in message ... NOYB wrote: "Jim," wrote in message ... NOYB wrote: "DSK" wrote in message .net... Fits wrote: Accepting the guvmint check returning the money that has essentially been stolen from you every year of your working life....more or less at gun point.......does NOT negate the complaint against socialism....... Sure it does. Accepting a Social Security benefits check... which is socialism... while complaining about socialism, especially saying that socialists ought to be killed... is just outright hypocrisy. I'd happily forgo my Social Security check later in life as long as I am exempt from paying FICA today. Remember that SS is for more than retirement. Should you get hit by a truck tomorrow, and are unable to work, you get to collect. I buy personal disability insurance for that kind of thing. If the truck kills you, your wife and kids (assuming you have any) also collect. That's why my life policy is for. And I'll bet you have less coverage, and pay more than SS. Max SS for 1995 is $1939/month -- indexed to cost of living My policy is $8400/month, tax-free, payable to age 65, and also indexed to cost of living. It ain't cheap, but I know it will be there when I need it. And I don't have to worry about the government monkeying around with it and paying me a few cents on the dollar because they mismanaged it. Are you counting on SS after age 65, or passing on to the next world? The disability pays out until age 65. Hopefully I'll never need it though. Seems you have the disability part covered well, how about the retirement income -- and income for your family should you not make it to 65? Life policy is $1.5million (which seemed like plenty at the time, but 75% of that would go to retiring all of my debt right now). Of course, if all my debt was paid off, my wife would have zero expenses...and could sell my practice for a decent price. And she could live quite comfortably on that money, especially with no house mortgage or car payment. My wife and I also contribute about $25k/year to a pension plan. |
"NOYB" wrote in message nk.net... "Jim," wrote in message ... NOYB wrote: "Jim," wrote in message ... NOYB wrote: "Jim," wrote in message ... NOYB wrote: "DSK" wrote in message h.net... Fits wrote: Accepting the guvmint check returning the money that has essentially been stolen from you every year of your working life....more or less at gun point.......does NOT negate the complaint against socialism....... Sure it does. Accepting a Social Security benefits check... which is socialism... while complaining about socialism, especially saying that socialists ought to be killed... is just outright hypocrisy. I'd happily forgo my Social Security check later in life as long as I am exempt from paying FICA today. Remember that SS is for more than retirement. Should you get hit by a truck tomorrow, and are unable to work, you get to collect. I buy personal disability insurance for that kind of thing. If the truck kills you, your wife and kids (assuming you have any) also collect. That's why my life policy is for. And I'll bet you have less coverage, and pay more than SS. Max SS for 1995 is $1939/month -- indexed to cost of living My policy is $8400/month, tax-free, payable to age 65, and also indexed to cost of living. It ain't cheap, but I know it will be there when I need it. And I don't have to worry about the government monkeying around with it and paying me a few cents on the dollar because they mismanaged it. Are you counting on SS after age 65, or passing on to the next world? The disability pays out until age 65. Hopefully I'll never need it though. Seems you have the disability part covered well, how about the retirement income -- and income for your family should you not make it to 65? Life policy is $1.5million (which seemed like plenty at the time, but 75% of that would go to retiring all of my debt right now). Of course, if all my debt was paid off, my wife would have zero expenses...and could sell my practice for a decent price. And she could live quite comfortably on that money, especially with no house mortgage or car payment. My wife and I also contribute about $25k/year to a pension plan. And it could be 40-50 k if not for the guvmint theft for SS |
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On Tue, 08 Mar 2005 10:06:49 -0500, DSK wrote:
Fits wrote: Accepting the guvmint check returning the money that has essentially been stolen from you every year of your working life....more or less at gun point.......does NOT negate the complaint against socialism....... Sure it does. Accepting a Social Security benefits check... which is socialism... while complaining about socialism, especially saying that socialists ought to be killed... is just outright hypocrisy. Hey Bert Robo-tard, if you want to kill a Socialist maybe you should start with P.Fritz? ... AND 'proceeds'...........a 2% return on the stolen money....and chuck wants to call it proceeds? You're right, it's not "proceeds", it's money taken from those that are currently wo rking. You are confusing Social Security with an investment plan. wrote: Today's standard: "Socialism is OK when it directly benefits me. I will justify my suck on the government teat by pointing out that I was forced, through taxation, to contribute to the government during my working years and that because I am special I now deserve to get my money back. Socialism in not OK when it benefits somebody else. The only good Socialist is a dead socialist, but hands off the socialist who signs the monthly check for my little piece of the socialist security system, please." Too many words, Chuck. DSK I would have been much happier putting my FICA into a plan of my choice. The government picked the plan I had to use. The fact that I get back money that I put in sure doesn't make me a socialist. But, if your idea of socialism is accepting a social security check, what do you call liberals who do so? Extremist Socialists? Wow! John H "All decisions are the result of binary thinking." |
On Tue, 08 Mar 2005 12:52:37 -0500, DSK wrote:
I'd happily forgo my Social Security check later in life as long as I am exempt from paying FICA today. P.Fritz wrote: Exactly...... In the mean time, I consider it getting stolen money back, not accepting socialism, nor is it hypocrisy. Well, whatever you "consider" it, you are accepting benefits from a socialist program. I could retire years ahead, or pass money on to others, if it were not being stolen from me. Nah, you'd have frittered it away like you did your take-home pay. If you weren't already saving & investing wisely, increasing your take-home by the amount taken for Social Security would not have changed your financial status. DSK And since so few can exercise personal responsibility, the government must do it for them. You've just nailed the liberal credo on the head! John H "All decisions are the result of binary thinking." |
"John H" wrote in message ... On Tue, 08 Mar 2005 12:52:37 -0500, DSK wrote: I'd happily forgo my Social Security check later in life as long as I am exempt from paying FICA today. P.Fritz wrote: Exactly...... In the mean time, I consider it getting stolen money back, not accepting socialism, nor is it hypocrisy. Well, whatever you "consider" it, you are accepting benefits from a socialist program. I could retire years ahead, or pass money on to others, if it were not being stolen from me. Nah, you'd have frittered it away like you did your take-home pay. If you weren't already saving & investing wisely, increasing your take-home by the amount taken for Social Security would not have changed your financial status. DSK And since so few can exercise personal responsibility, the government must do it for them. You've just nailed the liberal credo on the head! That is it to a tee........the guvmint knows better than the individual. It is all about power and control. The guvmint has already frittered it away instead of saving it........just more liebral hypocrisy. John H "All decisions are the result of binary thinking." |
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