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Thank the Lord for ss
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I wasn't quite accurate about foreign FOB grampa & gramma getting SSI benefits. They were getting Social Security Disability benefits.
They were the parents of neighbors back in the PRK.
Maybe they were running a scam, but Granny and Gramps were FOB and Son was saying they were getting it.I do not believe that parents - disabled or not - can pull benefits based on their children's SSI record:
Benefits Planner: Disability | How You Qualify | Social Security Administration
Children might be able to, a spouse definitely can, but a parent? I don't think so.
If I could opt out of SS, and put that money (which I'll never see and I'm pissed about) into my 401k or Roth 401k which my company matches $.50 on the $1.00, I could probably retire 10 years earlier.
It blows be away how people want the government to do things for them, when it is completely incompetent at pretty much everything.
401K is as much of a joke as Social Security.
That's really the plan. Actuary tables tell them that people live only so long and they base things on that.This whole SS thing is a load of crap. My mom paid in here whole life and passed away after only collecting for 4 years. How many times does that happen and the money is still not going to be there. Screw that its all a bunch of bubblegum!!!
Really? And why is that?
Really? And why is that?
through the .com bust and the financial meltdown of 2008.
Just for fun some quick examples.
$100,000 30 year home loan at 5% interest rate.
At the end of the term $93,256 in interest will be payed on the loan.
Take that same $100,000 and instead of paying cash for something you put it into a S&P 500 fund. For this example we will use the historical return of the S&P over the last 90 years (9.8%) and deduct 20% of that return for argument sake and it comes to 7.84%
Lets take that $100,000 at 7.84% over that same 30 years= $962,490
Same $100,000 over 30 years at the SAME intrest rate the loan you would get to buy something at 5%
$100,000 at 5% over 30 years = $432,194
Compounding intrest is your friend.