“The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful and immediate relief to seniors who have spent a lifetime contributing to our nation’s economy.”
“You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever.”
“The funds hitting their go-broke dates doesn’t mean that there won’t be any funds to cover any benefits after that point. After 2034, Social Security would only have enough funds to cover 81% of benefits. After 2033, Medicare’s hospital insurance trust fund would only be able to pay 89% of costs.”
“Traditional headline economic indicators like GDP and unemployment tell us the economy is thriving, but they don’t reflect the lived reality of most Americans,” Ludwig said in a statement. “Americans are working harder than ever, fueling our economic growth, but the benefits of that hard work are not being distributed in a way that supports upward mobility for too many middle- and low-income Americans.”
“The not-quite-so-good news is that for many of us, no matter our age, reaching a goal of early retirement will take some major mindset adjustments and lifestyle changes. Think cutting back on expenses and getting our income up. Will it be easy? Probably not. Will it be worth it? Absolutely.”
“I didn’t return to Apple to make a fortune. I’ve been very lucky in my life and already have one. When I was 25, my net worth was $100 million or so. I decided then that I wasn’t going to let it ruin my life. There’s no way you could ever spend it all, and I don’t view wealth as something that validates my intelligence.”
“I didn’t return to Apple to make a fortune. I’ve been very lucky in my life and already have one. When I was 25, my net worth was $100 million or so. I decided then that I wasn’t going to let it ruin my life. There’s no way you could ever spend it all, and I don’t view wealth as something that validates my intelligence.”
“To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $267,582 or around 2,055 shares. For a more modest $100 per month or $1,200 per year, you would need $53,516 or around 411 shares.”
“The Social Security Fairness Act, signed into law in January by President Joe Biden, eliminated the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). Those measures reduced or prevented Social Security benefits for more than 3.2 million people with a pension and whose past work wasn’t subject to Social Security taxes, according to the Social Security Administration. Affected recipients include police officers, firefighters, postal workers and public school teachers.”
