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Author: alstroemeria Big gold star, 5000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: Re: Social Security: No 2011 increase expected Date: 10/7/2010 9:36 PM
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The gov't does not care if I need it or not, they still call it income.

This doesn't seem like an example of an uncaring government to me. The money that went into your IRAs wasn't taxed when earned, so it's getting taxed now when you take it out via RMDs. This is the deal we agree to whenever we put money into our 401ks/IRAs.

You have no clue just what is my family situation, whether it should be envied or not.

Well, of course not. And I'm sorry that there are worrisome issues.

I would hope that retirees are now old enough not to be unhappy because someone has more than they do.

I'm not unhappy that others have more than I do--on the contrary, our economy would be in even worse shape if nobody had more than me. Maybe I'm a wee bit irritated when someone complains about not making little enough to qualify for govt benefits designed for the less well off (referring to your double Medicare payment). If you qualified for the lower Medicare payment, it would be because you had lower income. I've been poor enough to qualify for food stamps, and I'm very, very grateful not to be qualified for them now. My mother always said, "Be happy you have to pay a lot of taxes--it means you made a lot of money."
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