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Subject:  Re: Social Security means testing Date:  8/12/2011  5:48 PM
Author:  CABob Number:  17341 of 20786

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.

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