As a retired CSRS fed I will say this - I rolled quite a bit of my TSP but kept some behind. If you leave a small amount (250 bucks I believe) in the fund you can return and move $ back in at a later date if you desire. Once you zero out the account it's closed for good.
1983: Congress set the system so that 90% of covered earnings were subject to the Social Security payroll tax. Today: Only 82–83% of covered earnings are subject to the tax because earnings above the wage cap have grown much faster than average wages. From the Congressional Budget Office
I believe I read that in the 1983 SS reboot Congress set the goal of capturing 90% of earnings under SS ... There are way too many people making over the 184,500 cap today. Seems like it has to go up
We have 2 solidly middle class successful kids. My son the math wiz and I share everything related to our finances. I'm a bit older than my wife,along with the fact she has incredible longevity in her family and I expect her to outlive me. I want him to be able to help my wife with decisions if and when she needs. He needs to know. I have no secrets to hide.The more they know the better.
Worldwide many millions of jobs will be effected by automation. There are other things to consider. As I stand in line waiting for the human cashier at the grocery store I'm occasionally asked why I don't use the self checkout. My response as I point to the 8 kiosks is "Those machines don't pay taxes". Not to the locality, county, state or federal. Add things like the fact that most roads are funded by gas taxes. When are the electric cars going to be captured?? Going to be a lot of hard choices to be made
Comments
https://www.nytimes.com/2026/06/23/opinion/moreno-warren-social-security.html?smid=url-share These 2 have the right idea ...
Post: Many seniors think we paid for our Social Security benefits based on the FICA taxes we paid. Let’s dispel that myth- we didn’t
Link to comment from June 24, 2026
Wow - I am sure things are different all around the country but one could get a lot of grass cut for 1000 bucks a month in western PA.
Post: Thinking about downsizing? Think seriously
Link to comment from June 22, 2026
As a retired CSRS fed I will say this - I rolled quite a bit of my TSP but kept some behind. If you leave a small amount (250 bucks I believe) in the fund you can return and move $ back in at a later date if you desire. Once you zero out the account it's closed for good.
Post: TSP G Fund as the only Fixed Income Investment
Link to comment from June 22, 2026
1983: Congress set the system so that 90% of covered earnings were subject to the Social Security payroll tax. Today: Only 82–83% of covered earnings are subject to the tax because earnings above the wage cap have grown much faster than average wages. From the Congressional Budget Office
Post: Many seniors think we paid for our Social Security benefits based on the FICA taxes we paid. Let’s dispel that myth- we didn’t
Link to comment from June 18, 2026
I believe I read that in the 1983 SS reboot Congress set the goal of capturing 90% of earnings under SS ... There are way too many people making over the 184,500 cap today. Seems like it has to go up
Post: Many seniors think we paid for our Social Security benefits based on the FICA taxes we paid. Let’s dispel that myth- we didn’t
Link to comment from June 17, 2026
We have 2 solidly middle class successful kids. My son the math wiz and I share everything related to our finances. I'm a bit older than my wife,along with the fact she has incredible longevity in her family and I expect her to outlive me. I want him to be able to help my wife with decisions if and when she needs. He needs to know. I have no secrets to hide.The more they know the better.
Post: Time to share our financial info with children?
Link to comment from June 6, 2026
Overvalued ... 6 months from now it will be lower than the IPO
Post: SpaceX IPO: Is Margin Optional?
Link to comment from June 4, 2026
"acknowledging no serious misfortune" ... Is that the same thing as luck or being in the right place at the right time? :)
Post: Take a Look In the Mirror
Link to comment from May 17, 2026
Worldwide many millions of jobs will be effected by automation. There are other things to consider. As I stand in line waiting for the human cashier at the grocery store I'm occasionally asked why I don't use the self checkout. My response as I point to the 8 kiosks is "Those machines don't pay taxes". Not to the locality, county, state or federal. Add things like the fact that most roads are funded by gas taxes. When are the electric cars going to be captured?? Going to be a lot of hard choices to be made
Post: Ageing and the Open Road
Link to comment from May 3, 2026
As a long suffering Pittsburgh Pirate fan of 65 years I hate to hear a mention of Mario Mendoza ... but enjoy fellas!
Post: The Vision, the Babe , Einstein and the Q
Link to comment from April 28, 2026