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Personal Finance and Investing

KPN

(16,110 posts)

13. Not SS, but our past congresses and presidents

Reply to msongs (Reply #9)

Thu Dec 12, 2019, 02:46 PM

Dec 2019

who passed laws that were intended in part to “fix” the purported future insolvency issue ... errr, fraud. In essence, austerity measures that even Dems bought into. Don’t blame SS folks. They’re just implementing the code.

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Man, the Social Security laws are written to screw you if [View all] sinkingfeeling Dec 2019 OP

Good lord,I was completely unaware of this type of thing. virgogal Dec 2019 #1

Since this was a non recurring event can you appeal and have it lowered for 2021, badhair77 Dec 2019 #2

It will go back to whatever 2021 premium will be based on this sinkingfeeling Dec 2019 #3

I wonder if that applies to those over 70.5 Sherman A1 Dec 2019 #4

If those RMDs raise your income above $87,000 (single) or sinkingfeeling Dec 2019 #5

I should be well under those numbers, but it still sucks Sherman A1 Dec 2019 #6

not at all a tax or estate planning expert, but i thought the estate pays all taxes unblock Dec 2019 #7

I think unblock is right. Though I'm not a tax person either, so get expert advice... Pobeka Dec 2019 #8

ss routinely cheats other groups of ppl as well nt msongs Dec 2019 #9

Not SS, but our past congresses and presidents KPN Dec 2019 #13

Medicare premium surcharges is one of the stealth taxes that go up as AGI goes up progree Dec 2019 #10

I had no IRA to roll the cashed out one into. I also was already sinkingfeeling Dec 2019 #11

A person can be retired with no IRA and get a BDA-IRA set up. progree Dec 2019 #12

The problem seems to be that your sister's trust required you to cash in her IRA. PoindexterOglethorpe Dec 2019 #14

You are correct. sinkingfeeling Dec 2019 #15

Why would any competent estate attorney write a trust that REQUIRES the liquidation of an progree Dec 2019 #16

That may likewise be true. PoindexterOglethorpe Dec 2019 #17