AUTHOR: Dan Wick on 6/22/2024 FIRST: tshort on 6/22/2024 | RECENT: Tom Matera on 6/22/2024
Comments
Open Social Security does not give advice, it gives information to aid people on their decision. The highest lifetime total payment is not always the best time to apply. It is a great source for Social Security claiming information.
You seem to have it all figured out Dick, but every other tax brkt is subjected to inflation adjustments to be fair. Social Security taxation brkts should also be subjected to the same fairness. You are welcome to pay more as they will accept over payments. I may
not be like the rest here, but I find your constant rants to be a little self-serving.
I've been following Mike for years and have even asked him some very involved SS questions to support members in our Retirement Club. He has always been gracious and answered the questions. Great content on his blog.
I have rebalanced once but have maintained my 50/50 mix. I did add some foreign stock exposure with the rebalancing as I had tax loss harvested foreign in 2020 and never added it back into the mix.
I feel safe knowing my children are self sufficient, my income from SS and pension cover more than my monthly expenses, and my withdrawal rate is zero other than charitable gifts to children and church.
The nurses at the infusion centers around the country are very compassionate and seem to fill the rooms with kindness. I can't imagine how they are able to decompress when they head home, but they are very close to angels in my book.
I tend to agree that the individual investing the SS tax money is a gamble. However, if a portion of the trust fund had been invested over the years, the current shortfall would have been eliminated. If the stock market goes bust, there won't be a government to hide behind.
I had to look up Right Think to make sure you weren't being political! I see it is non-political but not the best choice of description to use. Best to you.
Comments
Open Social Security does not give advice, it gives information to aid people on their decision. The highest lifetime total payment is not always the best time to apply. It is a great source for Social Security claiming information.
Post: Breaking even? Why should anyone care? I don’t
Link to comment from May 17, 2025
You seem to have it all figured out Dick, but every other tax brkt is subjected to inflation adjustments to be fair. Social Security taxation brkts should also be subjected to the same fairness. You are welcome to pay more as they will accept over payments. I may not be like the rest here, but I find your constant rants to be a little self-serving.
Post: Quinn’s latest rant has serious consequences
Link to comment from May 15, 2025
I've been following Mike for years and have even asked him some very involved SS questions to support members in our Retirement Club. He has always been gracious and answered the questions. Great content on his blog.
Post: Another Great Post by Mike Piper
Link to comment from May 7, 2025
I have rebalanced once but have maintained my 50/50 mix. I did add some foreign stock exposure with the rebalancing as I had tax loss harvested foreign in 2020 and never added it back into the mix.
Post: Ch-Ch-Changes?
Link to comment from May 6, 2025
I'll just wait until December and do a tax with-holding withdrawal from my IRA based on the income and tax landscape at that time.
Post: Kitces – Analyzing Congressional Republicans’ Budget Proposal For The 2025 TCJA Extension
Link to comment from May 2, 2025
I feel safe knowing my children are self sufficient, my income from SS and pension cover more than my monthly expenses, and my withdrawal rate is zero other than charitable gifts to children and church.
Post: Feeling Secure by Jonathan Clements
Link to comment from May 2, 2025
The nurses at the infusion centers around the country are very compassionate and seem to fill the rooms with kindness. I can't imagine how they are able to decompress when they head home, but they are very close to angels in my book.
Post: Kind Hearts are More than Coronets
Link to comment from April 29, 2025
I tend to agree that the individual investing the SS tax money is a gamble. However, if a portion of the trust fund had been invested over the years, the current shortfall would have been eliminated. If the stock market goes bust, there won't be a government to hide behind.
Post: You versus Social Security – Quinn is betting against you.
Link to comment from April 28, 2025
I've been through this, but insurance made the need for any consideration a moot point.
Post: Deducting Medical Expenses of a Decedent
Link to comment from April 28, 2025
I had to look up Right Think to make sure you weren't being political! I see it is non-political but not the best choice of description to use. Best to you.
Post: Let’s Be Adults by Jonathan Clements
Link to comment from April 23, 2025