You do get your money back. In fact, when my Dad died I even got the money he paid into Social Security. It’s called “Child Survivor’s Benefits”. It’s a myth that people don’t get their money back.
I’ve already destroyed this argument, but I guess your response is to keep repeating it. No, the Bill of Rights is not violated by Socialism. Again, I don’t advocate Socialism and nobody is seriously advocating Socialism, but the only point brought up before was private property. The Constitution allows for private property to be confiscated for public use, and Singapore has already use the public use excuse to buy up all the land in their entire country. That same thing could happen in our country.
In my world that is called a Will.
I get to designate if you receive one dime or if I want to donate what I earned to a charity.
It is my money. I earned it.
If your dad earned it and earmarked it for you then I think that is great.
Not at all. You presume too much.
You ability to comprehend is low.
I’m not required to reveal my reasons. It is my opinion…which is not up for debate.
That of course is a lie.
You got the “Child Survivor Benefit” because you were a minor child.
If you die before getting back what you paid in and there are no dependents it’s just gone.
Worse yet, the rate of return for what we pay in is pathetic compared to private retirement accounts and 401k’s.
Take a look sometime at how well the City of Beaumont employees did when they were for a short time allowed to opt out of SS in favor of 401k type investment accounts. They retied making more money than they earned working and of course whatever was left when they died was an asset they could pass on to their kids.
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No you haven’t, you’ve just continued bloviating endlessly.
It violates our rights to property and many others.
No, he’s fabricating.
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Moving the goalposts I see. We’re not talking about the righteousness or fairness. You said that you should get your money back from Social Security. You do. Unless you die and then your kids get it. Every.single.penny.
Now if you want to talk about a Will, the protections of the Will are none other than the…GOVERNMENT! lol What stops the Will company from stealing your money? The government. What entity determines who gets what if there is a fight about who gets what? The government.
You’ve also said in the past that you want to be able to invest your money. Well most investment would be through the stock market. What created the C-corporation entity that allows companies to publicly trade? The government. What regulates almost all forms of investments? The government. And what happens if you invest your money and then lose it all? The government pays for you to survive.
So your answer to Social Security is other forms of government, you just don’t think about it like that. Oh yeah, and you said you get to give money to charity. What allows charities to exist? The government. lmfao
I love how people on these forums in general keep giving one-line zingers with no substance or reasons and then when I call them out they say my comprehension that is the problem, not their lack of reasons.
As a reminder, this was the previous comment:
Blockquote With all due respect, Mr. Atheist…you are one fucked up dude!
The claim by asaratis is now that it’s my comprehension issue that I didn’t get any reasons out of that. lol
I would appreciate it if you stop acting like a passive-aggressive grade school girl and address me instead of talking to people behind my back. No, I’m 100% Correct. Perfectly correct. Your own link says that children can get social security. That’s only one of the many methods this transfer can happen. Here are some others: What Happens to Your Social Security Benefits When You Die? | Finance - Zacks
I expect more out of a founding member.
Behind your back on a public forum? You have a real persecution complex.
Your father like the rest of us lost everything he’d put into SS once you were aged out because he died before he was eligible.
Die the day before you’re eligible with no minor dependents and it’s all gone.
Yes, you told someone else that I fabricated something instead of just responding to me. That’s what a grade school girl does. Then again, maybe you are a grade school girl.
Your father like the rest of us lost everything he’d put into SS once you were aged out because he died before he was eligible.
He had a Will and that didn’t change anything. He still lost everything he had.
Die the day before you’re eligible with no minor dependents and it’s all gone.
Wrong. Spouses are eligible as well.
Grow the hell up or go bother someone else.
You cannot leave your Social Security Account to anyone in your will, it’s not your property.
Your spouse either takes yours or hers, not both. If she takes yours, she loses hers and she’s only entitled to half of the monthly payment you would have gotten.
Pot, meet kettle. Now the snowflake is crying tears.
You misunderstood the point, which is why it’s good you are responding to me and not other people about my point. The point was that if there was no Social Security and you put everything in your Will, you still lose everything when you die. That’s the very nature of death.
Not necessarily. I think what you are referring to is the maximum family cap, but that isn’t necessarily hit just because she collected on yours. I’m going to collect mine even though I collected on my Dad’s, because I never reached my cap.
Keep in mind, you aren’t talking about a tangential issue. Lets say someone dies young at 20. They wouldn’t have paid in very long and would have almost no money to pay out anyways. So really, your making this massive complaint about a small group of people who died at older age but young enough to not be able to collect, say in their 50’s, where they have a decent amount of money available in benefits. And then of those people, they made the decision not to have kids (or their kids died), not to get married, their parents already died, and they have no grandchildren. I mean, even stepchildren can get the money. You’re really blowing this into a bigger issue than it is based on ideological concerns rather than pragmatic factors.
I also want to point out there are advantages to Social Security over a Will. A Will has to be carried out by someone, which puts a burden on that person, typically while they are grieving. A person also has to create a Will, which costs money. Not everybody has money to create a Will. Furthermore, the person can give their intentions, but lawyers can lawyer those intentions, and the Will might not end up being carried out how one intended, whereas Social Security is much more clear-cut, and it kicks in even when you unexpectedly died without being prepared. A Will doesn’t. If you die before you create or update it, your beneficiaries are out of luck. Wills can also make people the target for murder much more than Social Security.
Not if I die before I can collect it. Nor if the government decides to reduce benefits:
As baby boomers retire in droves, there’s more money flowing out of the system in benefits than comes in from taxes. To bridge the gap, the SSA dipped into its trust funds to find enough cash to pay benefits in full. Those trust funds are likely to run dry in 2035, meaning the only money available to pay out in benefits will be what comes in from taxes. Unless Congress does something to fix the problem before then, benefits may be slashed by roughly 20% to 25%.
Is Social Security going bankrupt?
My “kids” don’t get it if they don’t meet these requirements:
Who can get child’s benefits?
Your unmarried child can get benefits if they’re:
• Younger than age 18;
• 18-19 years old and a full-time student (no
higher than grade 12); or
• 18 or older with a disability that began
before age 22.
https://www.ssa.gov/pubs/EN-05-10085.pdf
If by government you mean laws then that does not negate the fact I can pass the income I earned to my adult, working, non-disabled child through a 401K or retirement account.
I don’t know what a Will company is. However, if you mean a custodian or a trustee then it is possible that could happen. However, in that case the net result is exactly the same for my adult, working, non-disabled child.
Clearly, laws exist to protect. I have no issue with laws. What I take issue with is the government taking and saving on my behalf. I or anyone should be able to opt out of Social Security as long as they can demonstrate contributing an equal or greater amount to a retirement fund.
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I lived in Singapore for five years and know specifically what is deemed as Government owned and what isn’t so you are only partially correct. There are certain clauses that have different distinctions on what is ownership of land and what is owned by the government. Also the size of Singapore that being equivalent to Jersey city factors in greatly on why their laws pertaining to this issue were written the way they were.
Good god man look up death demographics for the US.
You can create a will online for less than 50.00 and if you have your retirement accounts invested properly they pass outside of probable anyway.
Even with Social Security the “grieving” have to put the effort in to contact the SSA in order to collect benefits.
You are only talking about one section of the many ways that people can get benefits after someone dies. I already posted an article explaining more expansive ways of money going down to others after death.
You said you don’t know what a Will company is. A Will company is the company you make a Will through. I know that’s a complicated concept. Usually it’s done through a Law firm that is incorporated as an LLC. A custodian or trustee is different. Those are people, not companies. I’m happy to educate you on this very important issue.
You say you take issue with the government taking and saving on your behalf. Doing so is perfectly reasonable, because if you spend everything you have and don’t save, then you become a drain on society later in life. Because of the far-reaching implications, the government is making sure people have retirement. Not just you, but in general.
$50 is hard for many to come by, and even more people just don’t go do it. Yet even more people don’t constantly update it. And yet even more people will have to pay much more because their Will is more complicated.
According to Legal Zoom, Will’s cost a minimum of $150-$600 with an average of $375. Of course, problems can arise and you may be charged more by the attorney. And that’s just the basic stuff. If you want a power of attorney or other estate planning documents, you’re looking at $1,000 for a single person and $1,500 for married. LegalZoom: Start Your Business, Form Your LLC or INC