Kingwood Underground
the heart and soul of our Kingwood, Texas family
Login - Create Account - Help
Clean out your garage on Kingwood bookoo! Or find local garage sales on Yard Sale Search.com
KU Live!

Who died before they collected Social Security?

who's talking here?

whatchamacallit 1
Saturn 1
Eliza2 1
jackass 1
Dorothy Parker 1
sheddy 1
sdanielmcev 1
Emperor of Kingwood 2
DVaz 7
AMDG 5
Zapper009 1
urabunchcats 2

     » send to friend     » save in my favorites     » flag dangerous topic flag as a dangerous topic

urabunchcats --- 10 days ago -

THE ONLY THING WRONG WITH THE GOVERNMENT'S CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!!

WHERE DID THAT MONEY GO?

Remember, not only did you and I contribute to Social Security but your employer did, too. It totaled approx 15% of your income before taxes.

If you averaged only $30K over your working life, that's close to $220,500.

Did you see where the Government paid in one single penny?

We are talking about the money you and your employer put in a Government bank to insure you and me that we would have a retirement check from the money we put in, not the Government.

Now they are calling the money we put in an entitlement when we reach the age to take it back.

If you calculate the future invested value of $4,500 per year (yours & your employer's contribution) at a simple 5% interest (less than what the Government pays on the money that it borrows).

After 49 years of working you'd have $892,919.98. If you took out only 3% per year, you'd receive $26,787.60 per year and it would last better than 30 years (until you're 95 if you retire at age 65) and that's with no interest paid on that final amount on deposit!

If you bought an annuity and it paid 4% per year, you'd have a lifetime income of $2,976.40 per month.

THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID.

Entitlement my foot; I paid cash for my social security insurance!

Just because they borrowed the money for other government spending, doesn't make my benefits some kind of charity or handout!!

Remember the benefits for members of Congress?

free healthcare, outrageous retirement packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days

Now that's welfare, and they have the nerve to call my social security retirement payments entitlements?

They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives, and now, when it's time for us to collect, the government is running out of money.

Why did the government borrow from it in the first place? It was supposed to be in a locked box, not part of the general fund.

Sad isn't it? 

jackass --- 10 days ago -

Stop voting for a political party and you might get somewhere with that... 

DVaz --- 9 days ago -

My parents died six months apart and I don't get any of the money from what they paid. Complete bull sh*t IMO. 

Zapper009 --- 9 days ago -

My parents died six months apart and I don't get any of the money from what they paid.

Well, you should have received 2 X $250 for final expenses...

You did not deserve their hard-earned $$$ - they earned it... 

sheddy --- 9 days ago -

If they had been able to keep the money and they had invested it, he would have inherited a nice chunk of change. Instead the government has been supporting some freelaoder with the money. 

Emperor of Kingwood --- 9 days ago -

If they had been able to keep the money and they had invested it, he would have inherited a nice chunk of change. Instead the government has been supporting some freelaoder with the money.

Exactly. The left hates the accumulation of family wealth, unless its theirs. 

Dorothy Parker --- 9 days ago -

DVaz --- 11 hours ago - quote - hide comments

My parents died six months apart and I don't get any of the money from what they paid. Complete bull sh*t IMO.


How old were they when they passed and how old were you? Were they on SS or were they still working? 

whatchamacallit --- 9 days ago -

Seems like the fair thing to do would be to return the money to their heirs, if they die before collecting the money the were forced to contribute to SS. Even if it was in payments, paid out when the person would have qualified and over the length of an average lifespan. Seems unfair to fatten the government coffers just because someone died before being able to get their money back. 

DVaz --- 9 days ago -

If they had been able to keep the money and they had invested it, he would have inherited a nice chunk of change.

His accountant says there is six figures unaccounted for somewhere, his best friend says it's more like seven figures! We just can't find it. 

DVaz --- 9 days ago -

Well, you should have received 2 X $250 for final expenses...

You did not deserve their hard-earned $$$ - they earned it...?


Didn't receive any final expense checks. Why wouldn't I deserve their hard earned money when I'm the heir to all of their assets. IMO, I view Social Security as no different than any other asset. At least a lump sum. 

DVaz --- 9 days ago -

How old were they when they passed and how old were you? Were they on SS or were they still working?

I was 24 & my brother was 21. My dad was still working when he died. Six months later cancer took my mom. She was receiving his $891 a month until she passed. 

AMDG --- 9 days ago -

I view Social Security as no different than any other asset.

While that is completely logical, that is not really the purpose of SS.

Although individuals often view SS as a type of investment or annuity - the purpose of SS was societal not individual.

It is a social insurance policy, with the objective of spreading the risk of the societal cost of providing for the aged, disabled, etc.

Like all insurance some pay more in premiums than they receive in benefits, and some receive more in benefits than they pay in premiums - that is how insurance works.

What SS is, is a mandatory insurance policy that we and our employers pay for the social cost of taking care of the aged, disabled - etc.

We can agree or disagree that we should or should not do this as a country.

But it is important to see it in the correct light. 

AMDG --- 9 days ago -

I was 24 & my brother was 21. My dad was still working when he died. Six months later cancer took my mom. She was receiving his $891 a month until she passed.

Very sad to lose your parents while you were so young, and so close together. 

Emperor of Kingwood --- 9 days ago -

But it is important to see it in the correct light.

It was designed ONLY as a supplement to someones retirement savings. 

Saturn --- 9 days ago -

When my wife passed away at the age of 56 years, the only thing I received was the $255 Death Benefit.

Incidentally, the $255 Death Benefit is only paid to the "surviving spouse". When the surviving spouse dies, the immediate family does not receive a Death Benefit for that spouse.

ETA: In some instances the surviving spouse, or eligible child, may collect the Social Security benefits of the person who passed away, however, that's only under certain circumstances. 

AMDG --- 9 days ago -

It was designed ONLY as a supplement to someones retirement savings.

Well depending on ones lot in life, it could be all they have.

That is the point - without SS many without the means, or even without the foresight or desire to provide for their retirement would have been a cost to society. That may be right or wrong - but no matter, it just is.

What SS does is, is a mandatory insurance policy we all pay to cover that societal cost. 

DVaz --- 9 days ago -

Very sad to lose your parents while you were so young, and so close together.

It was rough for the first couple of years. Worst part was that my older brother died exactly three years to the day before my mom. 

AMDG --- 9 days ago -

Wow - that is a lot of grief in a short period of time Dvas - for someone so young - 

DVaz --- 9 days ago -

Yeah, I drank and drugged out to deal with it for a couple of years after. Lucky I'm still alive.... 

AMDG --- 9 days ago -

glad you made it out the other side of that. 

DVaz --- 9 days ago -

Thank you :) 

urabunchcats --- 9 days ago -

The ongoing SS problem is
some slackers are not pulling their weight
not contributing their fair share
AND GOBERMENT officials have ROBBED the coffer. 

Eliza2 --- 8 days ago -

Also anyone who worked at a regular job and then became a Texas teacher doesn't get what they put into Social Security. 

sdanielmcev --- 7 days ago -

Social security deductions go into the general fund. There is no separate fund for SS 'savings'. 

page 1
Login to add your comments!

see more discussions about...


Online now:
hit counters

Terms of Service - Privacy Policy - Ice Box

Kingwood Underground