Social Security
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Thursday, January 3rd, 2013Interesting…
Geoff Colvin and Allan Sloan’s Vague Plan to Fix the Economy
Wednesday, August 22nd, 2012I just spent the last few minutes reading Geoff Colvin and Allan Sloan’s piece in the latest issue of Fortune (sorry, no link available yet). The article started out promising in that it made it sound as though they actually had a solution for the economy. Instead, I was disappointed because there is no solution, [...]
WSJ: 49.1% Receiving Government Benefits?
Saturday, May 26th, 2012From
Quote of the Day – Social Security
Thursday, April 19th, 2012From the Concise Encyclopedia of Economics regarding Social Security: Social Security retirement benefits are based on average indexed monthly earnings for the thirty-five highest earnings years prior to retirement. The benefit formula is set up to favor lower-income workers. For example, in 2004, someone with average monthly earnings of $624 received a benefit that replaced [...]
What If You Could Dollar Cost Average Your Social Security Contributions
Wednesday, March 28th, 2012This is a follow-up to yesterday’s post, which you can read here. As I mentioned yesterday, I have monthly total return data for BOTH the S&P 500 Index and the Barclay’s Aggregate Bond Index going back to January 1991 (I have S&P data going back to 1926). I thought it would be interesting to look [...]
Great Piece by Arthur Brooks
Wednesday, February 29th, 2012The expanding welfare state exists, in no small part, to shove marshmallows into our collective mouth. The government expunges sacrifice, smooths the risk out of our economic lives, and protects us from the consequences of our actions. It is aggressively moving us away from the national entrepreneurial ethos, teaching dependency and changing our relationship to [...]
The Income Subject ot Social Security Taxes Goes Up in 2012
Wednesday, November 30th, 2011In 2012, the amount of income subject to social security taxes (confiscation) is going up to $110,100 from $106,800 (the wage base for 2009 – 2011). This means the maximum social security tax will now be $6,826.20 ($13,652.40 when you include the employer’s portion). Take a look at these two graphs I put together to [...]
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