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@@KM-nj3cm from what I have seen...he does not respond to comments on his own channel...maybe just a shill or a troll of disinformation...trying to appease the masses....lot of bullshit in other words.
Our country is dying due to debt and entitlement payments. Expenses MUST GO DOWN, groceries more affordable, and more people employed. We have 3 million people that left workforce after Covid that never returned. Where'd they go ? Plus we're paying illegals more SS than those who worked all their lives. Thank joe biden and dopey babr and schumer ! Reality !
What stinks is that I’m having to pay $185 a month every month for part B and D, which means my disability check ends up being $759? a month. People who are disabled can’t live like this.
I only get $628 because i was living with my father. He passed away in August and they still haven't brought it up to $950. So yeah. How the hell do they expect us to live.
@ True for most people, but I don’t know how to use the internet enough to do it unfortunately as I didn’t grow up with computers. I’m lucky enough to barely use my phone.
Yeah, my complaint as well. It should say something about who these ppl are so I don't get frustrated logging into this channel when it doesn't effect me.
DC and all government office staffs are broken. We have a government in which a Congresswoman can disappear for 6 months or more and end up in a rest home for Alzheimer's and still have her Congressional seat with full pay, have her Congressional office at home funded even though it is closed and it seems nobody notices she is not showing up for work or doing her job. How many other public servants are drawing an exorbitant salary and haven't shown up for work in months or years? When is the reckoning coming?
Who? vote who out, they all hold SS over our head. No one is on our side. The law makers have a pension that we wish we could have, they live financially care free. Thank your law makers.
Problem is, we just had an election and so many folks continue to vote against their best interests. They have succeeded in demonizing the Democrats while they pick our pockets. The party who installed these safety nets, Social Security, Medicare are the Democrats, no single Republican has ever been for the good of all American's, they hate safety nets and all they want is more money for themselves and their billionaires who have bought and paid for their tax cuts for the rich and cuts across the board in any social program that actually helps people. Really, how many Yachts and houses do these people want.
So do nothing? That means by current law when the trust fund is empty in roughly 2033 ( earlier with this change) your benefits are cut to about 78 percent. So still want them to do nothing.
He just told you that they stole from it. He just told you that they took money and put it into their general fund. I don’t remember giving them alone our money, my money your money not theirs. Every Republican should be voted out of Office. I don’t know why you fools keep voting for those who hate you.
Democrats have fought for SS being left alone and ACA was supposed to be a wholly federal program, its the GOP that wanted to involve the insurance companies/a middle man. They now even want to end the ACA which got 23 million Americans health care.
I AM 81 AND SS TOOK 184% OUT OF MY CHECK AND WILL HAVE TO MOVE SOON FOR I CANT AFFORD THE RENT ANYMORE.... I WILL PROBALLY HAVE TO GO HOMELESS, SO PROBALLY NEED A TENT...THIS IS SO CRUEL TO US SENIORS.... TRYING TO FIND A SENIOR WHO IS IN THIS POSITION AND COULD SHARE PAYING FOR AN APARTMENT OR JOUSE, A MOBILE WOULD WORK ALSO, THIS IS THE BEDT WAY I SEE IT SO WE DONT HAVE TO LIVE OUT IN TENRS.. GOD HELP US....
The average worker receives 1-2.5% raise each year or COLA in January. IF they make $100K salary and 2.5% raise would still be a $2,500 raise per year. Average person making $25,000 per year would only get a $250 raise for the year. No matter how you look at it ... the RICH still win and the POOR still loose. What's FAIR about this??? NOT!!! A 40% raise would be $40,000 per year raise.
funny they never mention how folks work 10- 30 years and never even collect one check. My dad died at 62, never got a check, my hubby died at 63, got 11 checks, many of my friends died in their 40's, 50's 60's and never got one check. We lost millions of seniors for covid not counting the other millions from strokes, heart attacks, cancer, etc that also didn't get but a few checks if any. This is never ever discussed or put into to the calculations of when SS will run out
I do wonder where those people's money goes? I think it just stays in the social security pot of money. Technically, we, now at this point in time, are actually living off the generation who came before us. What we are contributing now is for the future generations. When we pay social security it is not in a special account marked "Joe Schmo social security amount". ALL SS money is just pooled together in one account (the trust fund). When people die, I have never ever known of anyone who got a check from the deceased account as repayment for the years they contributed.
I agree. My brother worked for many years and died of cancer at 63 years. Never got his SSA benefits. He needed to work until 661/2 in order to apply for his full SSA benefits.
I think you mean to say all the State workers that are not paying into the system as they are covered by a State program. And that will not be enough to offset anything major BUT if SocSec WAS allowed to properly calculate the benefit of those persons then the savings to the rest of the 97% would allow for longer payout term
Congress created the Federal Employees Retirement System (FERS) in 1986, and it became effective on January 1, 1987. All newly hired employees after that date, plus many older ones that converted from Civil Service Retirement System are in social security. Just Sayin’
"Fairness" is an Orwellian word when it comes to Government... Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
Different pots of money. Money going to Ukraine is not social security money, it comes from the general fund. Social security is funded by people paying into it from their wages.
Clearly ur a BOT - Soc Sec is SELF-FUNDED from contributions by employers and employees - What we need to offer is a better immigration program to get more folks in and working and paying into the system since our birth rates are falling now that baby boomers are retiring faster then replacement payers are being added - think about it!
Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
Clearly ur a BOT - Soc Sec is SELF-FUNDED from contributions by employers and employees - What we need to offer is a better immigration program to get more folks in and working and paying into the system since our birth rates are falling now that baby boomers are retiring faster then replacement payers are being added - think about it!
Billions have been sent to Ukraine but only $750 to people in N. Carolina who lost everything due to Helene Disaster. FEMA has Failed these Poor Souls Terribly...
I had a government job the last 25 years of work. Its going to mean a lot to me. I had 30+ years in the private sector I paid and they penalized me almost 500.00 a month for social security. Then they hit me for 185. Medicare and about wiped out my check. I been struggling for 8 years on my pension only. I still got 6 more years on my mortgage.
@@PunkinPistolero IF you/the 3% beneficiaries received a SECOND govt pension, where the FICA contributions were exempt, and/or did NOT contribute significantly to SS, then; SS pension 1 = x Pension 2 = y Your TRUE SS contribution is x - y
I don't see why I'm getting any "extra" benefits with this bill? I paid into SS from 1968 to 1984 when I entered the public sector. After 28 years, I retired due to physical issues, which gave me only 53% of my full pension. I reentered the private sector paying again into SS up until the present. Yup, I still work part time to make ends meet. All I want is the rightful benefits from what I contributed to SS over the years. Nothing more... nothing less!
Plus your being punished due to your physical issue and having to retire early. My sister will soon be in the same boat when she can collect SS because she had to retire early due to illness. 1 yr before she can collect SS. Paid in her whole life and because she had to retire she loses the full benifit.
I had to work a second job all my life as a teacher. I started working when I was 14. The windfall clause cut my SS to 300 per month. Enough to cover my part B. I'm glad this pass. I brought my students clothes, paid for field trips and more cause they couldn't afford it. I don't care about anyone else because I got cheated all my life. It's about time the government did something for the teachers, policemen and firemen. We earned it.
My wife just received a bill for the medical Part of her Social Security and It went up to 50.00 more a month ? It went up from 155.00 to 185.00 a month. ? Her pay went up 00.00 dollars a month. 😮 The whole thing is a big sam !!!!!!
@@williamholcombe31 yes! So now you can see why these employees who have been screwed over for over 40 years feel when they get an increase like this on a bill basically for the same service. That really sucks. Especially for the spell survivors who were screwed all of these years and had no way to make up for it!
As a WEP recipient, I am cheated out of my FRA benefits because part of my working career was not paying into Social Security, but at least 30 years was paid into Social Security. So I want this bill to pass because I don’t want destroying my Social Security. I deserve the Social Security that I paid into and the PERS that I paid into without dripping my Social Security benefits.
I payed into SS from tha age of 14 with a paper route. I worked my whole life and paid into SS, however my last 10 years I became a state safety employee. I wasn't allowed to pay into SS. I retired from the state after 30 years and received a safety state pension. So I get a small amount of SS even though I paid into SS for almost 40 years and 7% into retirement. Why can't I receive my fair amount of SS ?
Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
@@dianep6791 The "Fairness Act" will more than correct this -- they'd get the same SS as someone that worked the same SS paying job(s) but just never did the 10 (or 30?) years with the state and got that pension. I bet they'd get more SS than someone that paid in equally but was taking their SS payments while _still working_ making as much as the pension.
You just won't get all years of the WEP. Only from Jan 2024 forward. That worked out good for me since I just kept my pension when I retired and waited till Feb 2024 to apply for Social Security. Still, that damn Medicare cost...insurance was cheaper on the Marketplace vs Medicare
FYI: Only people who worked for a gov't.....city, county, state, federal get increases. Not the rest of us. (EDIT) That didn't pay SSI/Medicare out their pay.
@GeoffBoston-h5g did you pay into SSI or medicare while working for the Gov't? If you didn't, you shouldn't because this is just democrats trying to rekindle support for votes.
Yes the bend points should have been addressed but congress is occupied by idiots. But they have been stealing from people who had blended work histories or their spouse paid SS their whole life and then upon his death they get screwed on survivor benefits.
It's not a raise. It's not an increase. Just because someone else got something that affected them wrongly for over 40 years doesn't automatically mean that it's birthday time for you.
My husband was a professional firefighter for 30 years, and for over 30 years he also worked as a Carpenter, and an LVN. He does not receive the full benefit he put into.
I am not speaking about all fire departments in the United States, but I know the fire department in San Francisco and the Bay Area, have the most generous pension anyone can get and also many of them have a general contractors license on the side because they work 24 hours and off hour 48
😮 So they borrow from our social security fund? Do they ever pay it back? Are they paying interest to social security for the funds they have borrowed? When i borrow money i have to pay interest. Are they? Maybe this is why we are so low. Seniors need to be privy to the amount they have borrowed and to the amount they still owe us. Social security fund should NOT be a bank where they can take our money. It should be never touched. Never.
As a firefighter, I earned a pension. But, because I also worked at various jobs on my days off, I paid my SS taxes, totaling over the 40 quarter threshold, so why shouldn't I receive the benefits? In fact, I believe I should receive back-payments for all the years I was denied benefits because of the stupid and unfair WEP. Maybe all the billions going to Ukraine would best be spent on Americans.
I didn’t start teaching until I was 47 years old. From 17 years old until after I was hired as a teacher I worked for the grocery industry and paid into SS. Why should I be penalized 2/3rds of SS? Ridiculous. I pray 🙏 that the President signs it in.
I don't understand your logic - If you paid in to your State Teachers retirement plan and you get that payment AND the CORRECT adjustment to your SocSec % you paid in - how is that NOT fair?
You should want to support every legal American that paid into Social Security. We aren’t illegals. We are hard working American citizens that have been screwed for 40 years. Shame on you!
Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
Social Security Fairness Act is for those that paid into SSA however they also had a retirement pension from their jobs such as police, firefighters and teachers. Because they had a pension for retirement they did not qualify for SS, however all of them paid into SS, so know those people that paid into FICA never recieved any of the money they paid in, they were deemed ineligible for SS even though they paid their dues but they still got their pensions when they retired. With the SSFA these people are entitled to get their SS also in addition to their pensions. They earned and paid for both and should get both.
@@ginafoster990 you do not understand what happens here. A person with a low income their whole life and only has one income source from SS gets a higher % because of their low income status. Those that have a pension from another source, like teacher, cop, some federal employees are actually high income and get a healthy pension from those jobs. They look like poor people to SS and were given the high % because it appeared they were poor. Now they will get the higher % as if they were poor while getting their other pension as well.
So typical that the richest man in the world should be involved in a plan to bankrupt retired people living on the Social Security they earned in work.
My question is what in the hell do they do to make money off of the people! The ones around us don't even cut the grass! Each home pays taxes so why do they need so much money?
Not everyone is wealthy -- friend who worked for the city the last 10 yrs or so before retiring received a small pension and reduced SS. In cases like these, the SS increase is warranted.
Mine went up from $450 to $650, one lump sum, 9 months ago! Now rumor has it, it's going up to $850 next month. Our park was sold to a investment board that owns many parks. They created a small playground. Also, instead of a dumpster for the residents, we each have our own trash bins that we now pay for. I don't know how we're going to make it.
@@richardowens9061most of this applies to public service workers like police and firefighters. I never worked a career job that gave pensions. I get a little more than$1200 a month. My COLA was basically $30! There are housands of seniors on this LOW income are living in poverty 🤬🤬🤬🤬
If you or any of the other 97% would like to give us back our money over the last 40 years the difference between you and I with interest then we'll just forget about the whole thing. Oh? You don't want to do that! So it's fine to steal from the 3% to give the 97%. Well I don't think so! Homie don't play that!
Dr Weir you’re not being very honest here…I earned a police pension and also worked a second job all my life to better my family. I contributed fully into social security, why am I being penalized. I did the work and contributed. This is government embezzlement. It’s also is not going to cost 190 billion. Those beneficiaries already fully contributed to the system, and had a large portion of their money stolen from them. That stolen money should still be in the system…You can dismiss this as unfair, but if a portion of your fat earned government pension was stolen I am sure you would see it very differently….The person who doesn’t understand it is you! Over 300 House Members, and over 70 Senators also thought this was unfair and voted in favor of it’s passage. These were bipartisan votes in both the house and the Senate.
Because Social Security is not looking at all the income you made while you were a police officer, and they think you made way less income than you really did. So now they want to give you 90% replacement for Social Security, which is not fair to the rest of us who did not work a government job.
@ Marilyn I don’t think you understand. Think of it as two different jobs…One did not contribute to social security the other did. Because I had one job which did not contribute they take money from my social security dispersement. The problem is I had 9% of my income withheld from Police pension check, and I then had FICA (social security) withheld from other job. So I contributed at BOTH jobs. Taking my lawfully earned money from social security disbursement just because I also had another earned pension is just theft! I am not taking anything from you or anyone else…I contributed just like you did. All I am asking is for the share that I contributed to social security just like you did.
That 20. $7 raise doesn't still match on the inflation that we have right now. By and groceries and other things and buy the time. Medicare takes at 185 per month. Your minus in the hole.
Lucky You! .... Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
Me too! This guy thinks we don’t deserve it. We lay our lives on the line and we were penalized. This guy is jade. Anyone who worked outside of their government job was because they don’t pay that much for what we did.
I paid into SS for twenty-one years before working for the state for 19 years. I will collect a state pension and SS and deserve every bit of it. I'm also glad WEP is history and make no apologies for it.
@Lori245 you get two dif pensions a higher percentage of both. They should add the two togeather and do the bend points from there to put you even with the rest of the people. I would love to split mine in half and get two as if I was low income twice. It would be much much higher.
Let's talk about fair.......Is it fair for someone to pay 100% into the system when they will only receive 30% out of it? Fair would be to pay the 30% you'll get out of it.
People that have a savings or 401 or IRA it's no different they are not penalized for having that along with SS being reduced but state or local jobs people are getting reduced SS, that is not fair
But you didn't think so all those years the 97 percent were getting what they got and the 3% of us was getting screwed! Well that's just too bad for you, isn't it?
what they need to do is make it so the way they calculate things mates sense and they also need to make SSI more money per month too. Theres a whole lot of people who need disabled all their lives or are blind, autistic, etc who can barely survive. They also need to stop taking medicare fees from the elderly. Half the time the older people I know can’t even cover their out of pocket medical bills and they are already taking nearly $200 per month from them.
But how much will be taken out in taxes? Next: no more tax on Social Security. Tax mega churches who preach politics, tax billionaires fairly, decrease the ridiculously large military budget (our military budget is bigger than the next top 9 countries)
Warren Buffett stated he pays 20% of his Companies in Taxws and if all of these BIG Companies paid a flat Tax every year no average American would have to pay any Tax and this would cover SS and we all would benefit. Makes sense. These Companies wouldn't get out of paying because of all of the loopholes.
Nothing will change until people realize that they do not want the average person to actually prosper; their goal is to keep you "relatively" poor and dependent upon the gov't.; you will be easier to control. I believe that if they implemented the things you mentioned, we could probably pay off our national debt.
Can't possibly do that, it would be too simple. And those millionaires and billionaires might lose a little $$. And they certainly can't afford that, right?
If you guys do not like to pay benefits to the 'windfall people', just return all the money they were forced to pay into social security, plus whatever interest the irs charges for late payments (8%?). If you do not want to do it, it is kind of like being a thief who wants to rob other people from their money. Don't you agree?
@@MFlaman-x5q Exactly! Except for postal workers, most public sector workers don't get paid well AND pay FICA taxes the whole time they work. They should at least get what they paid into it.
@ Yes, they ('windfall people') were working 2 jobs and not able to enjoy their time off while many of so called 'poor' took it easy with their hours on the job and therefore not contributing as much as they could have if they chose to work more hours or go to school and get profession that pays more money.
@kimberlyhughes5475 anyone who paid FICA for all of the work they did, was not affected by WEP or GPO. WEP and GPO affected people with pensions who did not pay FICA when they worked and earned their pension.
Ed for heaven's sake, it's just a law that now means every person that qualifies for SS will have their benefits calculated equally. No one is getting away with anything it's called the Fairness Act for a reason it makes SS fair for everyone no matter what kind of other retirement plan you retired from.
Thank you for your easy-to-understand explanation of this bill and the bend points. You seem to be the only one on the web who is talking about this, so thanks for sharing your knowledge and expertise!
Although I am a lawyer with over 30 years of experience in SSA litigation, I have followed several SSA creators. Now, I only visit your channel. Thank you for significantly reducing my daily study and reading time.
Where the hell is the fairness? They are still getting their pensions! Where is my 90% replacement? Such bull! 2.5 percent increase and they are getting a huge replacement in the fairness act?
We might not be around 2030! ☢️With Everything Going in Our Economy. Life is Hard For Some on Social Security. Cutting Jobs, Giving Billions to Ukraine.😡Inflation.
Stop confusing people …. If they earned it according to their social security statement that the amount they should get period . It doesn’t matter how many other pensions they get . Say it that way it’s easier
@@margiemarion9437 If they didn’t pay FICA they don’t collect. However, a spouse that never paid in a dime (anyone not talking about gov workers) can collect on their spouse or ex-spouse record. Dr W is ok with that but not with teachers getting SS even if they paid int because the get a pension. If you have an IRA or 401K maybe your SS should be cut.
@@rachele9566 He went though how they could do different formulas to calculate what would be fair. But they are going to do the math the same as people who never made much income...90%.
@@amyclea "This guy". Could you have more respect for how much time he is investing to help people apply for social security programs they didn't even know existed? Like drawing off a spouses work record if a person was a SAHM and never worked? Or ex spouse benefits for divorced women/men that they didn't know was available? He is informing people to help them. He surely deserves more respect than "this guy". He is not behind the times. When he records something and posts it things are moving just as rapidly in Washington. This was passed at midnight AFTER he had already recorded this. If you feel that way, then get off his channel and lose out on information that is helping millions of people.
It did. Anyone who has not made a video for RUclips doesn't realize how much time it takes to put it all together, and hey it's Christmas no doubt he's spending time with his family! I would estimate that for every hour of video time, it takes 2 hours of post-production time to get it all right. It's a lot of work, and my hat is off to him which I'm not wearing, for the WORK that he does for free to provide this information.
Ed, I didn't hear you comment on how the Windfall Act eliminated SSA survivor benefits for millions of Americans. These are folks that paid into Social Security for decades, such as myself, and were told that, thanks to the Windfall Act, their spouse would not be entitled to half of their SSA benefits. Does this make sense to you? Most, if not all, government employees who receive pensions have survivor benefits. I am now paying for an insurance policy to try and protect my wife from this sudden drop in income. This issue is far more important than the small increase in my wife's monthly payment as a result of this newest legislation.
So we need to buy more at our age, expensive life insurance to buffer if one or the other passes because if I do not get survivors benefits I will not survive on my social security alone and be living in this broken down trailer. I won't be able to heat. I knew I would get screwed!
I'm totally confused. I collect SS on my ex-spouses account who died years ago. So are they going to go back and say I'm not entitled to it now?? I tried calling Ed's office but they don't take calls about soc sec. And I couldn't follow the chat where you can ask questions because of a computer problem
@@TLA123y6f You can have a personal call with Ed instead of trying to get through the hundreds of questions that fly at him. He does 1 on 1 help for a fee (I don't know what the fee is) but you can make an appointment with him. The link for a call is in the description below the screen. I think you just pick a date and time to make the appointment. Might be worth it to get the real answer
I am really confused too. It's not affecting everyone, only 3%, but going forward I believe they repealed the pension offset for future retirees. I had heard they were going to eliminate spouses from collecting it if they are getting social security under the spouses work history but I can't make sense of it. I don't know if eliminating spouses collecting under another's work record passed under this new rule?
The word "windfall" has been used with teachers and firefighters etc. There are teachers who started paying into SS in 1964; he paid in while he was teaching chemistry and physics because he worked as an electrician in summers and weekends to support a family. At retirement age, he started drawing an insignificant amount of SS because of the" Windfall EP". When he retired from the school system 14 yrs ago, he started his next profession where he continues to pay SS. This person feels that the $$ paid into SS is waste compared to his own retirement portfolio.
The headline is a bit of click bait. I say this because I am on Social Security and None of this applies to me and others like me. It's only for those people who worked as a police officer, fireman, teachers etc. EVERYONE on Social Security should get that raise. . So you get a Cost of Living Raise, but you lose that spending power to Medicare. Like thieves in the night, Medicare raises premiums and deductibles every year like clockwork. I say bring Medicare under the law. They are ripping off seniors most of which only have that as their soul income. The idea that I was going to see a big increase was fleeting. So if you are reading the comments before watching his video, then I saved you some time. Also who ever put the notion that Social Security will run out is just scare tactics. There are people working today that are paying into SS. It goes on and on.
This man is disseminating mis information !!! SS has been withholding people’s benefits of 💰 that they paid into the system for time that they were not paying into a private pension. for example for 10 years i paid into SS I then worked 20 years as a nurse in a county hospital and paid into the hospital private pension. I then retired from the hospital and went to work for home depot where I then paid again into SS. The fairness act simply allows me draw only the💰 that I paid into SS for the time that I was not working for the county. Why is that not fair? It was my 💰
My RETIREMENT is a little over$1200 a month. My COLA was roughly $30. Jobs I had didn't have pension plans. I will likely see ZERO from this bill they just passed. Poor just keep being poor
he did not IMHO - he was stating that those 3% are NOT entitled to the % of SocSec income that they have been receiving as it is NOT based on what they put in to the 'other fund'. Why would you think is demonizing workers?
I agree a little with Ed Weir about the WEP, but the GPO was a shame, that a surviving spouse didn’t get anything. But don’t blame those folks now for depleting the SS fund much sooner. The politicians give each other raises, they give away money , blame them.
Now existing on about 1/4 of what I earned in the 1990's. PLEASE remind your young, able-bodied, loved-ones to STASH money & live below their means. You never know what could happen to lose your earning power. Becoming disabled after a botched surgery is infuriating.
That's what happened to me, and they told me to piss up a rope when I tried to file for disability. Meanwhile, the 400 pounder with the 980 dollar lap dog sitting next to me got an additional 1800 bucks, because she was a democrat, and had the proper skin color. She's never worked a day in her life.
AMEN! This is stuff kids should be learning from the very first job they get. Start a retirement fund with a qualified investment firm and never, ever touch it and they will be good at retirement. There should be required courses in college when they are old enough to understand the necessity of saving for their future.
Dr Weir, are you trying to say that because I worked a job that had a pension, that the 26 years of paying into SS with other jobs should be calculated differently then other people and you think that is fair. WEP should never have been passed. Maybe if they took the money for supporting countries and put it into SS there would not be these issues.
"Fairness" is an Orwellian word when it comes to Government... Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
This is the worst Christmas I have ever had. My friend, who lives upstairs from me, and myself didn't even have enough money for Christmas dinner. Right now, there is zero food in my house, and no money to buy it. I am 73 and THIS is the way my country treats us seniors. How is it even legal, let alone moral that our country creates seniors like this. NOT HAPPY !!!! MERRY CHRISTMAS SENIORS AND DISABLED !!!
I was a teacher & had to leave teaching because of cancer. I applied for SSDI & it took 6 years to get approved. I paid social security from my teacher’s salary plus into state pension, which wasn’t much & had to use because social security was taken so long to approve my case! How does this new bill affect me? I could really use the money because my cancer is now stage IV metastatic. 😢
Are you me? Our stories are almost identical, less the disability portion. I was diagnosed initially at age 63 so SSDI was pointless. Now diagnosed metastatic 4 months ago, yay.
I waited to reach full retirement age & anticipated the passing of the SS Fairness Act before filing for my SS benefit. I am penalized by WEP because I had my quarters from jobs I had in the 70's & 80's. Then I was in law enforcement from 1988 to 2012 where I did not pay FICA. Should I ask SSA what the replacement rate was when they calculated my WEP, and what is the new replacement rate since WEP is to be lifted? Should both the old & new replacement rate calculation on the AIME be the same?
I love the grounded reality of this channel!!! *If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you..prevent inflation*
I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Wayne. You've helped my family with your advice. imagine investing $10,000 and receiving $35,460 after 28 days of trading.
Did someone just mention Mr Wayne!? Damn! You just made my day; what a coincidence.. I've worked with him for over 2years and I can tell how good he is
No, they’re telling government workers to come back to the office because they know some of them will quit, and it’s an easy way to cut excess spending! The government needs downsized. It’s the biggest employer in the U.S. and there’s too much wasteful spending. Our forefathers wanted small government that serves the people, not a huge bureaucracy that bleeds the people dry!
@@Samantha99652 @@Samantha99652 No fan of fascists here! It was Ronald Reagan who perpetrated this entire mess 40 years ago, along with his Democrat counterpart by the way, Tip O'Neal. And may the devil be poking both of them for all eternity for starting this entire so-called windfall elimination Act, besides making widows poorer. Reagan sent all the jobs overseas, and I never could stand his Fanboy club or his folksy fuddy-duddyness, while he screwed us all. He needs to be remembered for the piece of crap that he truly was.
im a retired postal worker that didnt pay into social security for the 37 years i worked there. But i DID pay into social security before the PO and now after the PO and i have well surpassed the minimum required 40 quarters to receive a minimal social security check. The WEP cut what i should have been receiving by a little more than half which is what the senators fought for. I have no idea what this mans chart meant? All i want is what i put into the system, and what is deserved to me. i cant see anyone being against that?
Dr Ed with your record you should be running the Soc Sec Dept. Why can't they see all the thing's you are pointing out to us? If we could "elect" you we would.❤
Oh they can see what is happening. They just don't care. The elderly are useless people to the government, even though almost every person in the Senate is close to or over 80 years old! And they have such high salaries, plus all the "pocket money" they take from lobbyists, they feel they are in a class of their own. It's truly sad Social Security Department is the lowest on the totem pole when it comes to making changes and rehabbing rules that were made back in the 60's that don't work for this day and age.
Thank You for your information! I appreciate the time you take in explaining in detail the main issues happening with SS. Please keep up your outstanding work. Merry Christmas and a Prosperous New Year!
Huh ??? Stay Focused... "Fairness" is an Orwellian word when it comes to Government... Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
Again, only help for people that work for the Government that ALREADY HAVE A PENSION FROM THEIR GOVERNMENT JOB. THIS IS NOT HELP TO THE REST OF THE PEOPLE THAT REALLY NEED IT THAT ARE LIVING AT BELOW POVERTY LEVEL.
As a 61 year old self employed person of 35 plus years, I've paid $349,000 into SSA/Medicare. Great timing (sarcasm) to have my benefits cut 10 years after I start receiving it. Luckily, I married a teacher in California that has a fat pension coming up.
Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
you are confused on funding - SS is SELF FUNDED by those that work for employers that collect the employees 1/2 and then they pay the other 1/2 - so perhaps you will enjoy having Musk trim the budget and not having any benefits that the Feds are currently providing you?
I have been dealing with Social Security and this has been a pain in the backside. It took them 3 months to post my payment. Meanwhile they are still taking money out of my checks.
It seems I am one of the Boomers who got wedged with low & frozen wages for nearly a decade. Single parent raising my kids on $17k or less at times while working days & going to college at night to finish my degree. So as you correctly stated no savings, no retirement plan I could put money into. So now on the back end I get $1k a money on paper but once Medicare $'s are pulled I bet about $780 a month! So yeah, I pretty disgusted to have worked since the 1970's until 2018. And still don't have an income anyone could live on. ✌️😊💝 PS. Glad they're going to stop snail mail because any correspondence I have ever received other than their statement of benefits, has always come in duplicate. I would often comment that they should save a lot of money if they stopped sending out everything twice! 😮
He tries his best. Some answers are just not as easy to answer because of the depth of the question. People want a long personal answer and he just can't do that. He clarifies the SS rules and tries to tell people the way they have to go to get the money they can get under different rules people don't even know about. He speed talks sometimes because he really, really wants to get the info out to people. He does read the questions. Some are just more complicated than a 30 second answer. Sometimes there are hundreds of people in chat and he has to sort through what is a question and what is just a statement someone wants to say. He needs someone to help sort the questions from statements. It's hard to get to all the questions because of the statements. I feel bad for him sometimes because you can see he he is scanning as fast as he can. Also because new people come in every night (LOTS of people have found his channel) sometimes the same question is asked over and over but new people don't know that. Bless his heart, he truly tries to get as many answered as he can. He has a life, and he literally could get caught up for hours if he doesn't put a time limit on himself. It's too bad there are not other social security managers who don't team up with him and make their own channel so it is not all on him. I swear social security really doesn't want people to know how many way they can collect more.
Social Security will be around but there are major changes coming. There will be reductions in benefits and increases in the retirement age. Furthermore there will be a Means Test clause coming in the near future. Which means, if you have retirement assets above a certain level you will not receive social security or a very reduced benefit. I am certainly not counting on Social Security for my retirement.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
Finding financial advisors like Annette Christine Conte who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
FOR FREE MEDICARE HELP, please call my Medicare partner, Chapter Medicare, 352-841-0632
PETITION to support YOUR LOCAL Social Security Office: chng.it/hQXwrtWW4y
Petition to RAISE FICA CAP: www.change.org/SmashFICAcap
Private consultation with Dr. Ed? Schedule: MyGovExpert.as.me/ Get ALL your questions answered privately AND support all of our FREE CONTENT!
I appreciate you, Dr. Weir. Thank you for doing this.
Can you explain if there are any changes to Social Security disability benefits, please. Or are they all the same?
@@KM-nj3cm from what I have seen...he does not respond to comments on his own channel...maybe just a shill or a troll of disinformation...trying to appease the masses....lot of bullshit in other words.
@@KM-nj3cm I have asked this question also...never an answer...would not hold your breath.
Signed both Petitions ✔️✔️
who are the idiots that decided that a 2.5% raise for SS was fair when inflation is way more than that.
Then 5.9% medicare increase!
Government workers getting 40% increase on new bill
Americans, especially seniors, NEED to petition our legislators NON-STOP until they correct this B/S or reduce their increase to a MEASLY 2.5%!!!
Our country is dying due to debt and entitlement payments. Expenses MUST GO DOWN, groceries more affordable, and more people employed. We have 3 million people that left workforce after Covid that never returned. Where'd they go ? Plus we're paying illegals more SS than those who worked all their lives. Thank joe biden and dopey babr and schumer ! Reality !
That is my exact question
Put Congress on Social Security, and the fixes will come so fast it will give you whiplash!
Great idea.
They actually are.
They have in-house free medical care, they improved their in-house facility with 500M tax payer dollars just 2 years ago.
Boy you got that right !
Better idea ... senate, congress, house CANNOT have any kind of pay raise until the money taken from SS, by the government, is paid back in full
What stinks is that I’m having to pay $185 a month every month for part B and D, which means my disability check ends up being $759? a month. People who are disabled can’t live like this.
There are plenty of jobs that you can do on line. 😇🎄
@@user-is6de8pp7kyou don’t even know their disability so perhaps an online job won’t work for them. Best not to assume anything.
I only get $628 because i was living with my father. He passed away in August and they still haven't brought it up to $950. So yeah. How the hell do they expect us to live.
@ True for most people, but I don’t know how to use the internet enough to do it unfortunately as I didn’t grow up with computers. I’m lucky enough to barely use my phone.
Apply fir extra help.which is Medicaid they will.pay that 8500 premium with no copay when you go to the doctor
The tag line makes all people think we are going to get a bigger check. When In truth 95% of us will not get a bigger check.😢
The poster makes more RUclips $$$ for views, thus the clickbait.
@@Bumpyi64
And I have noticed he doesn't come on here and reply to the comments.
We have questions, we want answers!
Major clickbait!!😮
Yeah, my complaint as well. It should say something about who these ppl are so I don't get frustrated logging into this channel when it doesn't effect me.
He knows how to make money off of RUclips.
DC and all government office staffs are broken. We have a government in which a Congresswoman can disappear for 6 months or more and end up in a rest home for Alzheimer's and still have her Congressional seat with full pay, have her Congressional office at home funded even though it is closed and it seems nobody notices she is not showing up for work or doing her job. How many other public servants are drawing an exorbitant salary and haven't shown up for work in months or years? When is the reckoning coming?
Citizens need to write the GAO.
NEVER, if one relies purely on human power. Jesus will set things right - when HE starts HIS rule on earth.
The poor and middle class always get screwed. Wake up and vote them all out or most.
reducing medicare plan B costs, to start, for those of us who paid into the system.
Who? vote who out, they all hold SS over our head. No one is on our side. The law makers have a pension that we wish we could have, they live financially care free. Thank your law makers.
The middle class is being wiped out in America. It is now the haves and the have nots.
💯 agree
Problem is, we just had an election and so many folks continue to vote against their best interests. They have succeeded in demonizing the Democrats while they pick our pockets. The party who installed these safety nets, Social Security, Medicare are the Democrats, no single Republican has ever been for the good of all American's, they hate safety nets and all they want is more money for themselves and their billionaires who have bought and paid for their tax cuts for the rich and cuts across the board in any social program that actually helps people. Really, how many Yachts and houses do these people want.
Leave our damn social security money alone!!!!
your govt keeps borrowing from it. it starts there. your govt gives it to the un-earned. It keeps going there. SS is doomed.
So do nothing? That means by current law when the trust fund is empty in roughly 2033 ( earlier with this change) your benefits are cut to about 78 percent. So still want them to do nothing.
if they set it up so that everyone was forced to put it into a mandatory IRA invested in the DOW and S@P... nobody could steal from you.
But, increase the rate of income required to contribute!
He just told you that they stole from it. He just told you that they took money and put it into their general fund. I don’t remember giving them alone our money, my money your money not theirs. Every Republican should be voted out of Office. I don’t know why you fools keep voting for those who hate you.
Politicians don't seem to want to help anyone but themselves.
Exactly
Democrats have fought for SS being left alone and ACA was supposed to be a wholly federal program, its the GOP that wanted to involve the insurance companies/a middle man. They now even want to end the ACA which got 23 million Americans health care.
They give theirselves huge raises every year.
Right! They could care less!! Don’t trust Trump!!
@@coreenaburke5378 Republicans are the only party to vote for raises in the last 50 years.
This 'both sides do it' is one of the big lies.
I AM 81 AND SS TOOK 184% OUT OF MY CHECK AND WILL HAVE TO MOVE SOON
FOR I CANT AFFORD THE RENT ANYMORE....
I WILL PROBALLY HAVE TO GO HOMELESS, SO PROBALLY NEED A TENT...THIS IS SO CRUEL TO US SENIORS....
TRYING TO FIND
A SENIOR WHO IS IN THIS POSITION
AND COULD SHARE PAYING
FOR AN APARTMENT OR JOUSE, A MOBILE WOULD WORK ALSO, THIS IS THE BEDT WAY I SEE IT
SO WE DONT HAVE TO LIVE OUT IN TENRS..
GOD HELP US....
Best wishes 🙏I hope you are able to find a place
Go to Mexico, enter illegaly and claim asylum.
Move into a car or van like millions of.others.
So sorry you are struggling so much 💙
The governmemt so cruel to seniors.. They givebillions of dollars to Ukraine and left the american seniors to homeless shelters...
Meanwhile Congress wants a 40% raise. What a joke.
The average worker receives 1-2.5% raise each year or COLA in January. IF they make $100K salary and 2.5% raise would still be a $2,500 raise per year. Average person making $25,000 per year would only get a $250 raise for the year. No matter how you look at it ... the RICH still win and the POOR still loose. What's FAIR about this??? NOT!!!
A 40% raise would be $40,000 per year raise.
funny they never mention how folks work 10- 30 years and never even collect one check. My dad died at 62, never got a check, my hubby died at 63, got 11 checks, many of my friends died in their 40's, 50's 60's and never got one check. We lost millions of seniors for covid not counting the other millions from strokes, heart attacks, cancer, etc that also didn't get but a few checks if any. This is never ever discussed or put into to the calculations of when SS will run out
I do wonder where those people's money goes? I think it just stays in the social security pot of money. Technically, we, now at this point in time, are actually living off the generation who came before us. What we are contributing now is for the future generations. When we pay social security it is not in a special account marked "Joe Schmo social security amount". ALL SS money is just pooled together in one account (the trust fund). When people die, I have never ever known of anyone who got a check from the deceased account as repayment for the years they contributed.
I agree. My brother worked for many years and died of cancer at 63 years. Never got his SSA benefits. He needed to work until 661/2 in order to apply for his full SSA benefits.
Isn’t it interesting how Covid killed so many elderly on social security
Great content there.
That is kinda the plan now I think. The more of us they get rid of the more money they can steal.
Put All Federal Employees including congress etc on social security for retirement and medicare for health insurance it will fix multiple problems
They have been for a long time already.
I think you mean to say all the State workers that are not paying into the system as they are covered by a State program. And that will not be enough to offset anything major BUT if SocSec WAS allowed to properly calculate the benefit of those persons then the savings to the rest of the 97% would allow for longer payout term
Congress created the Federal Employees Retirement System (FERS) in 1986, and it became effective on January 1, 1987. All newly hired employees after that date, plus many older ones that converted from Civil Service Retirement System are in social security. Just Sayin’
Amen
You got that right. They will solve the medical community and pharmacies as well.
It's going to keep the poor poorer
Yes it is
That seems to be the desired goal!
Already below poverty level
Why don’t they give the Social Security dept the same amount of money they gave Ukraine! 🤨
"Fairness" is an Orwellian word when it comes to Government... Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
And Israel.
Different pots of money. Money going to Ukraine is not social security money, it comes from the general fund. Social security is funded by people paying into it from their wages.
Clearly ur a BOT - Soc Sec is SELF-FUNDED from contributions by employers and employees - What we need to offer is a better immigration program to get more folks in and working and paying into the system since our birth rates are falling now that baby boomers are retiring faster then replacement payers are being added - think about it!
Laurie, that doesn’t stop them from stealing money from Social Security!
Raise the cap by at least $1M. Should have been done 25 years ago.
Totally agree
Yes I agree
Of course
Absolutely.
So that cap means people like biden and others don't pay in, but will get maximum benefit!
How about the billions that they give other countries, stop that and give it to social security
Right on!!!
Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
Clearly ur a BOT - Soc Sec is SELF-FUNDED from contributions by employers and employees - What we need to offer is a better immigration program to get more folks in and working and paying into the system since our birth rates are falling now that baby boomers are retiring faster then replacement payers are being added - think about it!
Billions have been sent to Ukraine but only $750 to people in N. Carolina who lost everything due to Helene Disaster. FEMA has Failed these Poor Souls Terribly...
@@randybeard6040, that's not true. They were given $750.00 immediately while FEMA worked on their application for benefits.
when this new benefit shows up in my bank ,,, then will I beleive it!! NOT BEFORE!!!!
I’m not holding my breath
Exactly
Never worked for government and didn't get a pension. This doesn't mean crap for me or millions of other seniors.
I had a government job the last 25 years of work. Its going to mean a lot to me. I had 30+ years in the private sector I paid and they penalized me almost 500.00 a month for social security. Then they hit me for 185. Medicare and about wiped out my check. I been struggling for 8 years on my pension only. I still got 6 more years on my mortgage.
@@PunkinPistolero IF you/the 3% beneficiaries received a SECOND govt pension, where the FICA contributions were exempt, and/or did NOT contribute significantly to SS, then;
SS pension 1 = x
Pension 2 = y
Your TRUE SS contribution is x - y
As always, we get screwed over.
@@harrietharlow9929 It does feel like, Things don't matter any more
why is this government letting seniors live like they are homeless and such low benefits!
I don't see why I'm getting any "extra" benefits with this bill?
I paid into SS from 1968 to 1984 when I entered the public sector. After 28 years, I retired due to physical issues, which gave me only 53% of my full pension.
I reentered the private sector paying again into SS up until the present. Yup, I still work part time to make ends meet. All I want is the rightful benefits from what I contributed to SS over the years. Nothing more... nothing less!
Plus your being punished due to your physical issue and having to retire early. My sister will soon be in the same boat when she can collect SS because she had to retire early due to illness. 1 yr before she can collect SS. Paid in her whole life and because she had to retire she loses the full benifit.
Same here. Same as everyone else that did not risk their lives being a firefighter, EMT
I had to work a second job all my life as a teacher. I started working when I was 14. The windfall clause cut my SS to 300 per month. Enough to cover my part B. I'm glad this pass. I brought my students clothes, paid for field trips and more cause they couldn't afford it. I don't care about anyone else because I got cheated all my life. It's about time the government did something for the teachers, policemen and firemen. We earned it.
IF it was Public, I assume that you Medically Retired? Which should have given you your full pension.
@@JustAnotherJarheadhas nothing to do with pension. the medical retirement in some states allows for half of your pension payment to be tax free.
My wife just received a bill for the medical Part of her Social Security and It went up to 50.00 more a month ? It went up from 155.00 to 185.00 a month. ? Her pay went up 00.00 dollars a month. 😮 The whole thing is a big sam !!!!!!
Get an advantage program, and your state might pick up some or all of that cost with "Extra Help" for Medicare (not MedicAID) recipients.
Cry me a river, mines 670 a month
That's because all the illegal immigrants need your money.
That's 30 dollars not 50
@@williamholcombe31 yes! So now you can see why these employees who have been screwed over for over 40 years feel when they get an increase like this on a bill basically for the same service. That really sucks. Especially for the spell survivors who were screwed all of these years and had no way to make up for it!
NOT TAXING ANY MONEY ABOVE 176,100 IS ABSURD. Why can't they be reasonable human beings?
hello Dear, I love your comments on this channel, complement of the season 🎄 🎁 How are you doing today?
It's ridiculous and should have been corrected decades ago.
As a WEP recipient, I am cheated out of my FRA benefits because part of my working career was not paying into Social Security, but at least 30 years was paid into Social Security. So I want this bill to pass because I don’t want destroying my Social Security. I deserve the Social Security that I paid into and the PERS that I paid into without dripping my Social Security benefits.
I payed into SS from tha age of 14 with a paper route. I worked my whole life and paid into SS, however my last 10 years I became a state safety employee. I wasn't allowed to pay into SS. I retired from the state after 30 years and received a safety state pension. So I get a small amount of SS even though I paid into SS for almost 40 years and 7% into retirement. Why can't I receive my fair amount of SS ?
Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
The Fairness Act will correct this.
Now you finally will get what you've missed. I feel the same way about my case.
@@dianep6791 The "Fairness Act" will more than correct this -- they'd get the same SS as someone that worked the same SS paying job(s) but just never did the 10 (or 30?) years with the state and got that pension. I bet they'd get more SS than someone that paid in equally but was taking their SS payments while _still working_ making as much as the pension.
You just won't get all years of the WEP. Only from Jan 2024 forward. That worked out good for me since I just kept my pension when I retired and waited till Feb 2024 to apply for Social Security. Still, that damn Medicare cost...insurance was cheaper on the Marketplace vs Medicare
FYI: Only people who worked for a gov't.....city, county, state, federal get increases. Not the rest of us. (EDIT) That didn't pay SSI/Medicare out their pay.
And illegals and lazy
I think this guy is click bait.
@GeoffBoston-h5g did you pay into SSI or medicare while working for the Gov't? If you didn't, you shouldn't because this is just democrats trying to rekindle support for votes.
Yes the bend points should have been addressed but congress is occupied by idiots. But they have been stealing from people who had blended work histories or their spouse paid SS their whole life and then upon his death they get screwed on survivor benefits.
It's not a raise. It's not an increase. Just because someone else got something that affected them wrongly for over 40 years doesn't automatically mean that it's birthday time for you.
My husband was a professional firefighter for 30 years, and for over 30 years he also worked as a Carpenter, and an LVN. He does not receive the full benefit he put into.
I'm an LVN. 36 next month. How many years of schooling did he do for firefighter and did he use his LVN license there?
Did his 30 years of work qualify as a year of service to SS by amount he made each year?
We get screwed. The same thing happened to me. We paid into SS way before we became safety.
I am not speaking about all fire departments in the United States, but I know the fire department in San Francisco and the Bay Area, have the most generous pension anyone can get and also many of them have a general contractors license on the side because they work 24 hours and off hour 48
Yeah this did nothing for nobody.
😮 So they borrow from our social security fund? Do they ever pay it back? Are they paying interest to social security for the funds they have borrowed? When i borrow money i have to pay interest. Are they? Maybe this is why we are so low. Seniors need to be privy to the amount they have borrowed and to the amount they still owe us.
Social security fund should NOT be a bank where they can take our money. It should be never touched. Never.
As a firefighter, I earned a pension. But, because I also worked at various jobs on my days off, I paid my SS taxes, totaling over the 40 quarter threshold, so why shouldn't I receive the benefits? In fact, I believe I should receive back-payments for all the years I was denied benefits because of the stupid and unfair WEP. Maybe all the billions going to Ukraine would best be spent on Americans.
I didn’t start teaching until I was 47 years old. From 17 years old until after I was hired as a teacher I worked for the grocery industry and paid into SS. Why should I be penalized 2/3rds of SS? Ridiculous. I pray 🙏 that the President signs it in.
I agree, people twist this and make it sound like we did not pay into the system. They want us to be punished for trying to better ourselves.
I don't understand your logic - If you paid in to your State Teachers retirement plan and you get that payment AND the CORRECT adjustment to your SocSec % you paid in - how is that NOT fair?
Same thing happened with me, now I’m being punished and my SSI is lower, I was a nurse.
I paid mine like you did from age 15 to 42. Then 25 years in a municipality. I want my check.
You should want to support every legal American that paid into Social Security. We aren’t illegals. We are hard working American citizens that have been screwed for 40 years. Shame on you!
Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
Problem is millions of low income earners get absolutely nothing but the threat that were going to lose the little we get.
Social Security Fairness Act is for those that paid into SSA however they also had a retirement pension from their jobs such as police, firefighters and teachers. Because they had a pension for retirement they did not qualify for SS, however all of them paid into SS, so know those people that paid into FICA never recieved any of the money they paid in, they were deemed ineligible for SS even though they paid their dues but they still got their pensions when they retired. With the SSFA these people are entitled to get their SS also in addition to their pensions. They earned and paid for both and should get both.
@@ginafoster990 you do not understand what happens here. A person with a low income their whole life and only has one income source from SS gets a higher % because of their low income status. Those that have a pension from another source, like teacher, cop, some federal employees are actually high income and get a healthy pension from those jobs. They look like poor people to SS and were given the high % because it appeared they were poor. Now they will get the higher % as if they were poor while getting their other pension as well.
So typical that the richest man in the world should be involved in a plan to bankrupt retired people living on the Social Security they earned in work.
They need to raise the FiCA and EVERYONE needs to pay into it.
This helps the already wealthy again. My mobile home retirement park rent just went up 25%. lets stop these corporate raids on these parks
My question is what in the hell do they do to make money off of the people! The ones around us don't even cut the grass! Each home pays taxes so why do they need so much money?
Not everyone is wealthy -- friend who worked for the city the last 10 yrs or so before retiring received a small pension and reduced SS. In cases like these, the SS increase is warranted.
The already wealthy? Teachers and cops right? I don't think so!
Mine went up from $450 to $650, one lump sum, 9 months ago! Now rumor has it, it's going up to $850 next month. Our park was sold to a investment board that owns many parks. They created a small playground. Also, instead of a dumpster for the residents, we each have our own trash bins that we now pay for. I don't know how we're going to make it.
NO your wrong it only helps the wealthy dems
But the raises only pertain to 3% of social security recipients. The other 97% gets nothing from this…
If you paid into SS and had a pension from another job, would you not rightly want to receive both?
Then if we all don't get the raise then it's not fair. And the Government should pay the money back
@@richardowens9061most of this applies to public service workers like police and firefighters. I never worked a career job that gave pensions. I get a little more than$1200 a month. My COLA was basically $30! There are housands of seniors on this LOW income are living in poverty 🤬🤬🤬🤬
If you or any of the other 97% would like to give us back our money over the last 40 years the difference between you and I with interest then we'll just forget about the whole thing. Oh? You don't want to do that! So it's fine to steal from the 3% to give the 97%. Well I don't think so! Homie don't play that!
It's not a raise. Instead , it replaces what you all have been taken from us for the last 40 years! The chickens simply came home to roost!
Dr Weir you’re not being very honest here…I earned a police pension and also worked a second job all my life to better my family. I contributed fully into social security, why am I being penalized. I did the work and contributed. This is government embezzlement. It’s also is not going to cost 190 billion. Those beneficiaries already fully contributed to the system, and had a large portion of their money stolen from them. That stolen money should still be in the system…You can dismiss this as unfair, but if a portion of your fat earned government pension was stolen I am sure you would see it very differently….The person who doesn’t understand it is you! Over 300 House Members, and over 70 Senators also thought this was unfair and voted in favor of it’s passage. These were bipartisan votes in both the house and the Senate.
ruclips.net/user/liveEk7Kr8ABM00?feature=share
Yes me too! Let ED tell us how much he was paid in his cat government job and his net worth! That would be fairness!😂
Because Social Security is not looking at all the income you made while you were a police officer, and they think you made way less income than you really did. So now they want to give you 90% replacement for Social Security, which is not fair to the rest of us who did not work a government job.
@@Marilyn-np2xh Them that has gets, I believe is the saying.
@ Marilyn I don’t think you understand. Think of it as two different jobs…One did not contribute to social security the other did. Because I had one job which did not contribute they take money from my social security dispersement. The problem is I had 9% of my income withheld from Police pension check, and I then had FICA (social security) withheld from other job. So I contributed at BOTH jobs. Taking my lawfully earned money from social security disbursement just because I also had another earned pension is just theft! I am not taking anything from you or anyone else…I contributed just like you did. All I am asking is for the share that I contributed to social security just like you did.
I got my social security adjustment today-it went down over $11 a month. How do we pay for necessities when our pay goes down?
I got a 27 dollar raise, yippie!!!
That 20.
$7 raise doesn't still match on the inflation that we have right now. By and groceries and other things and buy the time. Medicare takes at 185 per month. Your minus in the hole.
I got 15......
I get $25
I have 10dlls so don't feel bad
Lucky You! .... Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
Yes they reduced my SS check 40% even though I paid into SS for years! I'm glad WEP is history.
Me too! This guy thinks we don’t deserve it. We lay our lives on the line and we were penalized. This guy is jade. Anyone who worked outside of their government job was because they don’t pay that much for what we did.
@@Lori245 This guy is a CLOWN. GPO reduces my Social Security benefit to zero. How is that fair?
I paid into SS for twenty-one years before working for the state for 19 years. I will collect a state pension and SS and deserve every bit of it. I'm also glad WEP is history and make no apologies for it.
@ Amen
@Lori245 you get two dif pensions a higher percentage of both. They should add the two togeather and do the bend points from there to put you even with the rest of the people. I would love to split mine in half and get two as if I was low income twice. It would be much much higher.
Just another fairness act that is anything but fair!
Let's talk about fair.......Is it fair for someone to pay 100% into the system when they will only receive 30% out of it? Fair would be to pay the 30% you'll get out of it.
People that have a savings or 401 or IRA it's no different they are not penalized for having that along with SS being reduced but state or local jobs people are getting reduced SS, that is not fair
If I worked for the State for 30 years but I never opted out of FICA. am I still eligible for the increase?
But you didn't think so all those years the 97 percent were getting what they got and the 3% of us was getting screwed! Well that's just too bad for you, isn't it?
Stop listening to CNN.
what they need to do is make it so the way they calculate things mates sense
and they also need to make SSI more money per month too. Theres a whole lot of people who need disabled all their lives or are blind, autistic, etc who can barely survive. They also need to stop taking medicare fees from the elderly. Half the time the older people I know can’t even cover their out of pocket medical bills and they are already taking nearly $200 per month from them.
Yes for federal workers, not SSDI or those on SS. We need it more than any other demographic. How many people are on SSDI/SS and are homeless?
But how much will be taken out in taxes? Next: no more tax on Social Security. Tax mega churches who preach politics, tax billionaires fairly, decrease the ridiculously large military budget (our military budget is bigger than the next top 9 countries)
hello Dear, I love your comments on this channel, complement of the season 🎄 🎁 How are you doing today?
Warren Buffett stated he pays 20% of his Companies in Taxws and if all of these BIG Companies paid a flat Tax every year no average American would have to pay any Tax and this would cover SS and we all would benefit. Makes sense. These Companies wouldn't get out of paying because of all of the loopholes.
Nothing will change until people realize that they do not want the average person to actually prosper; their goal is to keep you "relatively" poor and dependent upon the gov't.; you will be easier to control.
I believe that if they implemented the things you mentioned, we could probably pay off our national debt.
Raise the Social Security Cap to $250,000,
Problem Solved!!
$500,000!
Agree
Drop the cap entirely
Can't possibly do that, it would be too simple. And those millionaires and billionaires might lose a little $$. And they certainly can't afford that, right?
I agree but I would make no cap, and put it on a percentage of what you make for the Wealthy, just like they do us.
We appreciate you, Ed!
Raises Should be Across the board for all
2.5% is a smack to the face.
If you guys do not like to pay benefits to the 'windfall people', just return all the money they were forced to pay into social security, plus whatever interest the irs charges for late payments (8%?). If you do not want to do it, it is kind of like being a thief who wants to rob other people from their money. Don't you agree?
Nice one
Yes, and calling the teachers, police, and firefighters rich is kinda silly, too. They have been humble servants of their communities.
@@MFlaman-x5q Exactly! Except for postal workers, most public sector workers don't get paid well AND pay FICA taxes the whole time they work. They should at least get what they paid into it.
@ Yes, they ('windfall people') were working 2 jobs and not able to enjoy their time off while many of so called 'poor' took it easy with their hours on the job and therefore not contributing as much as they could have if they chose to work more hours or go to school and get profession that pays more money.
@kimberlyhughes5475 anyone who paid FICA for all of the work they did, was not affected by WEP or GPO. WEP and GPO affected people with pensions who did not pay FICA when they worked and earned their pension.
Ed for heaven's sake, it's just a law that now means every person that qualifies for SS will have their benefits calculated equally. No one is getting away with anything it's called the Fairness Act for a reason it makes SS fair for everyone no matter what kind of other retirement plan you retired from.
tn: Do you understand bend points?
Thank you for your easy-to-understand explanation of this bill and the bend points. You seem to be the only one on the web who is talking about this, so thanks for sharing your knowledge and expertise!
Although I am a lawyer with over 30 years of experience in SSA litigation, I have followed several SSA creators. Now, I only visit your channel. Thank you for significantly reducing my daily study and reading time.
WOW!! Thank you!!
@@MyGovExpert Merry Christmas or Happy Holidays!
Where the hell is the fairness? They are still getting their pensions! Where is my 90% replacement? Such bull! 2.5 percent increase and they are getting a huge replacement in the fairness act?
No one cares about the people who PAY their salaries, the little guy doesn't mean squat!
@@sp35416 Nope. They don't.
I want my 200.00 more a month, my rents going up
Me too. Mine is 400
Rent, insurance, food, gas, etc. All going up.
I'd take 200 extra a month .
Only one person to thank
We might not be around 2030! ☢️With Everything Going in Our Economy. Life is Hard For Some on Social Security. Cutting Jobs, Giving Billions to Ukraine.😡Inflation.
Stop confusing people …. If they earned it according to their social security statement that the amount they should get period . It doesn’t matter how many other pensions they get . Say it that way it’s easier
He is saying some people only paid for pension and not FICA.
@@margiemarion9437 If they didn’t pay FICA they don’t collect. However, a spouse that never paid in a dime (anyone not talking about gov workers) can collect on their spouse or ex-spouse record. Dr W is ok with that but not with teachers getting SS even if they paid int because the get a pension. If you have an IRA or 401K maybe your SS should be cut.
@@margiemarion9437 If people didn't pay into social security, then this doesn't apply to them.
@@rachele9566 Yes, this is who the recent law passed by the senate is for.
@@rachele9566 He went though how they could do different formulas to calculate what would be fair. But they are going to do the math the same as people who never made much income...90%.
Thanks for your help!
I am a second career teacher, and will get my fair check from SS from this bill. Thank you to Congress to fixing this issue.
I thought that the SS Fairness Act already passed the Senate and was headed for the President’s desk?
Yes, on Saturday, it did.
Yes it passed. This guy is behind the times.
@@amyclea "This guy". Could you have more respect for how much time he is investing to help people apply for social security programs they didn't even know existed? Like drawing off a spouses work record if a person was a SAHM and never worked? Or ex spouse benefits for divorced women/men that they didn't know was available? He is informing people to help them. He surely deserves more respect than "this guy". He is not behind the times. When he records something and posts it things are moving just as rapidly in Washington. This was passed at midnight AFTER he had already recorded this. If you feel that way, then get off his channel and lose out on information that is helping millions of people.
@@amyclea Maybe he recorded this video before it was passed and just uploaded it now.
It did. Anyone who has not made a video for RUclips doesn't realize how much time it takes to put it all together, and hey it's Christmas no doubt he's spending time with his family! I would estimate that for every hour of video time, it takes 2 hours of post-production time to get it all right. It's a lot of work, and my hat is off to him which I'm not wearing, for the WORK that he does for free to provide this information.
Ed, I didn't hear you comment on how the Windfall Act eliminated SSA survivor benefits for millions of Americans. These are folks that paid into Social Security for decades, such as myself, and were told that, thanks to the Windfall Act, their spouse would not be entitled to half of their SSA benefits. Does this make sense to you? Most, if not all, government employees who receive pensions have survivor benefits. I am now paying for an insurance policy to try and protect my wife from this sudden drop in income. This issue is far more important than the small increase in my wife's monthly payment as a result of this newest legislation.
So we need to buy more at our age, expensive life insurance to buffer if one or the other passes because if I do not get survivors benefits I will not survive on my social security alone and be living in this broken down trailer. I won't be able to heat. I knew I would get screwed!
Yes it is! Is this only applying to state workers or is it only federal?
I'm totally confused. I collect SS on my ex-spouses account who died years ago. So are they going to go back and say I'm not entitled to it now?? I tried calling Ed's office but they don't take calls about soc sec. And I couldn't follow the chat where you can ask questions because of a computer problem
@@TLA123y6f You can have a personal call with Ed instead of trying to get through the hundreds of questions that fly at him. He does 1 on 1 help for a fee (I don't know what the fee is) but you can make an appointment with him. The link for a call is in the description below the screen. I think you just pick a date and time to make the appointment. Might be worth it to get the real answer
I am really confused too. It's not affecting everyone, only 3%, but going forward I believe they repealed the pension offset for future retirees. I had heard they were going to eliminate spouses from collecting it if they are getting social security under the spouses work history but I can't make sense of it. I don't know if eliminating spouses collecting under another's work record passed under this new rule?
The word "windfall" has been used with teachers and firefighters etc. There are teachers who started paying into SS in 1964; he paid in while he was teaching chemistry and physics because he worked as an electrician in summers and weekends to support a family. At retirement age, he started drawing an insignificant amount of SS because of the" Windfall EP". When he retired from the school system 14 yrs ago, he started his next profession where he continues to pay SS. This person feels that the $$ paid into SS is waste compared to his own retirement portfolio.
The headline is a bit of click bait. I say this because I am on Social Security and None of this applies to me and others like me. It's only for those people who worked as a police officer, fireman, teachers etc. EVERYONE on Social Security should get that raise. . So you get a Cost of Living Raise, but you lose that spending power to Medicare. Like thieves in the night, Medicare raises premiums and deductibles every year like clockwork.
I say bring Medicare under the law. They are ripping off seniors most of which only have that as their soul income.
The idea that I was going to see a big increase was fleeting. So if you are reading the comments before watching his video, then I saved you some time.
Also who ever put the notion that Social Security will run out is just scare tactics. There are people working today that are paying into SS. It goes on and on.
This man is disseminating mis information !!! SS has been withholding people’s benefits of 💰 that they paid into the system for time that they were not paying into a private pension. for example for 10 years i paid into SS I then worked 20 years as a nurse in a county hospital and
paid into the hospital private pension. I then retired from the hospital
and went to work for home
depot where I then paid again into SS. The fairness act simply allows me draw only the💰 that I paid into SS for the time that I was not working for the county. Why is that not fair? It was my 💰
Now just remember everyone it's only for people that are retired from their jobs it's not for the people that are on disability
My RETIREMENT is a little over$1200 a month. My COLA was roughly $30. Jobs I had didn't have pension plans. I will likely see ZERO from this bill they just passed. Poor just keep being poor
I was wondering. Thank you.
Only government retired
The reason for that is that once you reach your SSA retirement age you will start getting your regular SSA payment. Your SSD payments will end.
Stop demonizing public workers please
he did not IMHO - he was stating that those 3% are NOT entitled to the % of SocSec income that they have been receiving as it is NOT based on what they put in to the 'other fund'. Why would you think is demonizing workers?
@ I did pay into SS. I want what I paid. That’s it. The billionaires are screwing us all
Olease dont blame the government workers, we didnt make the formula...SS did that.
hello Dear, I love your comments on this channel, complement of the season 🎄 🎁 How are you doing today?
No sir….Elon nor DJT have ever agreed to cut benefits. Their stories have ALWAYS been consistent!
I agree a little with Ed Weir about the WEP, but the GPO was a shame, that a surviving spouse didn’t get anything. But don’t blame those folks now for depleting the SS fund much sooner. The politicians give each other raises, they give away money , blame them.
I hope they hurry I don’t have much time left😖
Now existing on about 1/4 of what I earned in the 1990's. PLEASE remind your young, able-bodied, loved-ones to STASH money & live below their means. You never know what could happen to lose your earning power. Becoming disabled after a botched surgery is infuriating.
That's what happened to me, and they told me to piss up a rope when I tried to file for disability.
Meanwhile, the 400 pounder with the 980 dollar lap dog sitting next to me got an additional 1800 bucks, because she was a democrat, and had the proper skin color.
She's never worked a day in her life.
AMEN! This is stuff kids should be learning from the very first job they get. Start a retirement fund with a qualified investment firm and never, ever touch it and they will be good at retirement. There should be required courses in college when they are old enough to understand the necessity of saving for their future.
@@laurie6332 Great advice. It's a shame that we can't all learn from the mistakes of others & have foresight Life would be so much easier if we could!
You are right if they did not pay into it they should not get extra, They should not get anything, just what you paid into it.
They should put a 4 years freeze on those receiving the maximum or close to the maximum. And raise up by $200 bucks the people at the bottom.
They never do anything for the people either party.
Dr Weir, are you trying to say that because I worked a job that had a pension, that the 26 years of paying into SS with other jobs should be calculated differently then other people and you think that is fair. WEP should never have been passed. Maybe if they took the money for supporting countries and put it into SS there would not be these issues.
Im not getting anything and Im struggling to survive. How is that considered fair???
"Fairness" is an Orwellian word when it comes to Government... Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
This is the worst Christmas I have ever had. My friend, who lives upstairs from me, and myself didn't even have enough money for Christmas dinner. Right now, there is zero food in my house, and no money to buy it. I am 73 and THIS is the way my country treats us seniors. How is it even legal, let alone moral that our country creates seniors like this. NOT HAPPY !!!! MERRY CHRISTMAS SENIORS AND DISABLED !!!
I am in same situation America is turning back on us senior citizens! Merry Christmas to you to.
Hopefully the money is going to living people and not 6.5 million dead people over the age of 112! 🤔🧐
Thanks for your information and helping us
I was a teacher & had to leave teaching because of cancer. I applied for SSDI & it took 6 years to get approved. I paid social security from my teacher’s salary plus into state pension, which wasn’t much & had to use because social security was taken so long to approve my case! How does this new bill affect me? I could really use the money because my cancer is now stage IV metastatic. 😢
Have you a like, only because I know where you're coming from. Didn't like hearing that you have this problem.
Praying for your HEALING ❤
I'm so sorry
Are you me? Our stories are almost identical, less the disability portion. I was diagnosed initially at age 63 so SSDI was pointless. Now diagnosed metastatic 4 months ago, yay.
Praying for you.
I just saw on the tv news the average person will get 50 dollars a month extra.
I waited to reach full retirement age & anticipated the passing of the SS Fairness Act before filing for my SS benefit. I am penalized by WEP because I had my quarters from jobs I had in the 70's & 80's. Then I was in law enforcement from 1988 to 2012 where I did not pay FICA. Should I ask SSA what the replacement rate was when they calculated my WEP, and what is the new replacement rate since WEP is to be lifted? Should both the old & new replacement rate calculation on the AIME be the same?
I love the grounded reality of this channel!!!
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you..prevent inflation*
I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Wayne. You've helped my family with your advice. imagine investing $10,000 and receiving $35,460 after 28 days of trading.
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you
I will recommend. Michael Wayne . Investing Services. to you. He is good at what he does.
Did someone just mention Mr Wayne!? Damn! You just made my day; what a coincidence.. I've worked with him for over 2years and I can tell how good he is
It's great to see you guys talking about Michael Wayne, This man changed the game for me. Good Man❤️
Guarantee this will be fitting Congress and Senate.
No, they’re telling government workers to come back to the office because they know some of them will quit, and it’s an easy way to cut excess spending! The government needs downsized. It’s the biggest employer in the U.S. and there’s too much wasteful spending. Our forefathers wanted small government that serves the people, not a huge bureaucracy that bleeds the people dry!
Oh that's just so Ronald Reagan of you! 😂🤣
@@w8lvradio Doesn’t make him wrong.
Well said To the point.
@@w8lvradio Thanks for the compliment, fascist! 😂
@@Samantha99652 @@Samantha99652 No fan of fascists here! It was Ronald Reagan who perpetrated this entire mess 40 years ago, along with his Democrat counterpart by the way, Tip O'Neal. And may the devil be poking both of them for all eternity for starting this entire so-called windfall elimination Act, besides making widows poorer. Reagan sent all the jobs overseas, and I never could stand his Fanboy club or his folksy fuddy-duddyness, while he screwed us all. He needs to be remembered for the piece of crap that he truly was.
im a retired postal worker that didnt pay into social security for the 37 years i worked there. But i DID pay into social security before the PO and now after the PO and i have well surpassed the minimum required 40 quarters to receive a minimal social security check. The WEP cut what i should have been receiving by a little more than half which is what the senators fought for. I have no idea what this mans chart meant? All i want is what i put into the system, and what is deserved to me. i cant see anyone being against that?
I'm with Dr. Weir, it's such an easy fix and solution!! Why hasn't any politician ever picked up this easy fix?
Dr Ed with your record you should be running the Soc Sec Dept. Why can't they see all the thing's you are pointing out to us? If we could "elect" you we would.❤
Oh they can see what is happening. They just don't care. The elderly are useless people to the government, even though almost every person in the Senate is close to or over 80 years old! And they have such high salaries, plus all the "pocket money" they take from lobbyists, they feel they are in a class of their own. It's truly sad Social Security Department is the lowest on the totem pole when it comes to making changes and rehabbing rules that were made back in the 60's that don't work for this day and age.
So if I understand it I will get a raise in my SS check that I have been receiving for years other than the COLA?
Thank You for your information! I appreciate the time you take in explaining in detail the main issues happening with SS. Please keep up your outstanding work. Merry Christmas and a Prosperous New Year!
Love your Tree and all your Decorations..especially the White Doves on the Tree..(I used to raise them)! Merry Christmas! 🎄
Huh ??? Stay Focused... "Fairness" is an Orwellian word when it comes to Government... Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
Again, only help for people that work for the Government that ALREADY HAVE A PENSION FROM THEIR GOVERNMENT JOB. THIS IS NOT HELP TO THE REST OF THE PEOPLE THAT REALLY NEED IT THAT ARE LIVING AT BELOW POVERTY LEVEL.
I think divorced single mothers who stayed home to raise their kids, and lost everything in a divorce need a spotlight shined upon!
So it you are getting SS retirement but you never got any sort of pension while you worked, you will get ZIP crom this bill. 🤬🤬🤬🤬
As a 61 year old self employed person of 35 plus years, I've paid $349,000 into SSA/Medicare. Great timing (sarcasm) to have my benefits cut 10 years after I start receiving it. Luckily, I married a teacher in California that has a fat pension coming up.
Cali was affected by WEP/GPO, too. So your spouse will get a raise if she's retired already.
If you were self-employed and had "substantial earnings" for 30 or more years, you are exempt from WEP.
Just can’t believe you think most of what will be cut is from SS. You have to know there’s millions in government waste that can be cut.
Billions
@ right , billions. This guy Ed inaccurately reports.
Our Corrupt Congress and Senate gave themselves a 40% increase to their Salaries this year, which amounts to $6000 more Per MONTH added to their paychecks... They treat Americans the same way Bashar al-Assad from Syria treated his people by robbing the wealth of the Nation and plundering the Treasury to satisfy themselves.
you are confused on funding - SS is SELF FUNDED by those that work for employers that collect the employees 1/2 and then they pay the other 1/2 - so perhaps you will enjoy having Musk trim the budget and not having any benefits that the Feds are currently providing you?
I have been dealing with Social Security and this has been a pain in the backside. It took them 3 months to post my payment. Meanwhile they are still taking money out of my checks.
It seems I am one of the Boomers who got wedged with low & frozen wages for nearly a decade. Single parent raising my kids on $17k or less at times while working days & going to college at night to finish my degree. So as you correctly stated no savings, no retirement plan I could put money into. So now on the back end I get $1k a money on paper but once Medicare $'s are pulled I bet about $780 a month! So yeah, I pretty disgusted to have worked since the 1970's until 2018. And still don't have an income anyone could live on. ✌️😊💝 PS. Glad they're going to stop snail mail because any correspondence I have ever received other than their statement of benefits, has always come in duplicate. I would often comment that they should save a lot of money if they stopped sending out everything twice! 😮
Very Informative show! This guy knows what he is talking about!
Seems to me...Dr Weir does not look at comments and respond. Just want to clarify.
Responds if you pay for his services. Lol His videos are free tho
He tries his best. Some answers are just not as easy to answer because of the depth of the question. People want a long personal answer and he just can't do that. He clarifies the SS rules and tries to tell people the way they have to go to get the money they can get under different rules people don't even know about. He speed talks sometimes because he really, really wants to get the info out to people. He does read the questions. Some are just more complicated than a 30 second answer. Sometimes there are hundreds of people in chat and he has to sort through what is a question and what is just a statement someone wants to say. He needs someone to help sort the questions from statements. It's hard to get to all the questions because of the statements. I feel bad for him sometimes because you can see he he is scanning as fast as he can. Also because new people come in every night (LOTS of people have found his channel) sometimes the same question is asked over and over but new people don't know that. Bless his heart, he truly tries to get as many answered as he can. He has a life, and he literally could get caught up for hours if he doesn't put a time limit on himself. It's too bad there are not other social security managers who don't team up with him and make their own channel so it is not all on him. I swear social security really doesn't want people to know how many way they can collect more.
Social Security will be around but there are major changes coming. There will be reductions in benefits and increases in the retirement age. Furthermore there will be a Means Test clause coming in the near future. Which means, if you have retirement assets above a certain level you will not receive social security or a very reduced benefit. I am certainly not counting on Social Security for my retirement.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and
high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?
Finding financial advisors like Annette Christine Conte who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
❤❤Good afternoon and Merry Christmas