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11-01-2015, 03:58 PM
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#21
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,708
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The last SS File and suspend thread was shut down due to off topic posts. Let's keep thine one on topic, many forum members are still interested.
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11-01-2015, 04:02 PM
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#22
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Dryer sheet aficionado
Join Date: Jan 2015
Posts: 40
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Quote:
Originally Posted by MichaelB
The last SS File and suspend thread was shut down due to off topic posts. Let's keep thine one on topic, many forum members are still interested.
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yes I read the other was skeered to post being a ss spousal
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11-01-2015, 11:21 PM
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#23
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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I got mine.
Waiting for attacks on Roth IRAs now.
__________________
I have outlived most of the people I don't like and I am working on the rest.
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11-06-2015, 06:32 AM
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#24
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Full time employment: Posting here.
Join Date: Oct 2009
Posts: 640
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A wrap-up by Mark Miller, who does a great job of reporting on retirement-related issues:
"How file-and-suspend ended: Here’s the back story" RetirementRevised
From the article:
Quote:
Ok, here’s why the closing of the F&S window makes sense – and why it doesn’t really signal a broader shift in the way Social Security reforms are made. The budget act closes a loophole that is costing the Social Security Trust Fund $9.5 billion annually that it can ill afford. The loophole was created without Congressional intent with the passage of the Senior Citizens Freedom to Work Act of 2000.
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He makes it clear that it really was unintended. I initially wasn't happy about the change, but I'm OK with it now.
__________________
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"Wealth consists not in having great possessions, but in having few wants."
--Epictetus
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11-06-2015, 09:01 AM
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#25
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Recycles dryer sheets
Join Date: Apr 2014
Location: Twin Cities
Posts: 55
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Quote:
Originally Posted by Focus
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The alleged $9.5B yearly pricetag for F&S has been tossed out in other references without backup.
Another claim is that it only benefits a tiny percentage of SS recipients -- less than 0.1% causing "the unnecessary drain on the Social Security system", per this AARP article:
Budget Act Safeguards Social Security, Medicare for Older Americans – AARP
That would make 1/1000 x 60million = 60,000 filing for F&S, give or take, each collecting $158,000/year. Seems a bit high.
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