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Old 04-17-2010, 12:54 PM   #21
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Originally Posted by Independent View Post
I read that, too, and didn't see any mention of taxes or of an 85% rate. So I figured the article was wrong. Is that the way you see it?
There is no 85% tax rate, instead the 85% refers to how much of your SS benefits may be taxable. The rules can be found here: Publication 915 (2009), Social Security and Equivalent Railroad Retirement Benefits


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Old 04-17-2010, 01:04 PM   #22
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I'm from the "What me, worry" era. If unexpected expenses come up, worse comes to worse I'll blow through the cushion and then eat away at the main PF. My plan is simple, there is the "high on the hog" and gradations down to "rice and beans" spending plans. Currently I'm still living below my means.

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