Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (22) | Ignore Thread Prev | Next
Author: CABob Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19578  
Subject: Re: Social Security means testing Date: 8/12/2011 5:48 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Bob opined
I would hate to see person A be penalized for his savings he accumulated over a lifetime.

Phil replied
Means testing is never going to happen if it's viewed as punishing those who don't have to go on the public dole.

Bob comes back with
So how about person B being rewarded for not saving during his income earning years?

ResNullius described
… that it would take a cut-off of about $60K in non-SS income in order to make much difference over the long term. This is the lowest number I've seen, heard, or read about, so my guess is that any cut-off would be much higher (and double for married couples).

Bob replies
So person A above could put the entire 2 million into a money market fund which would currently earn an income below these limits and perhaps would pass the means test.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (22) | Ignore Thread Prev | Next


Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

An Interesting Read
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.