A poll.. what percent does your employer contribute to SS/Medicare?

[Skull Pilot]

Of course you will because it is impossible for you to think for yourself
and no one who didn't sell everything in 08 got wiped out

But of course you are way too fucking stupid to know that the 5 years before retirement you should shift away from over exposure in equities so as to protect your gains

Again, trying to outsmart the market is like trying to outsmart the casino.... it never works.

Now, I do have a 401K and ESOP, but I'm not counting on them. My retirement planning is based on can I live on that $1300 a month. anything else is extra. My plan is to get rid of all of my debt, including mortgage. Once reduced to just food and utilities, I should be just fine.

You don't have to outsmart the market as long term investing is not day trading but of course you wouldn't know that

 

[JoeB131]

You don't have to outsmart the market as long term investing is not day trading but of course you wouldn't know that

what i know is that I still have my 2009 401K statement posted to my bulliten board as a reminder of how not to trust Republicans or the Markets.

Beyond that, like any casino, the Market is a rigged game and you know it.

 

[Skull Pilot]

You don't have to outsmart the market as long term investing is not day trading but of course you wouldn't know that

what i know is that I still have my 2009 401K statement posted to my bulliten board as a reminder of how not to trust Republicans or the Markets.

Beyond that, like any casino, the Market is a rigged game and you know it.

It's not rigged you just don't understand it

 

[JoeB131]

It's not rigged you just don't understand it

I understand it perfectly well. which is why I don't trust it.

shit, man, 3 trilion disappeared in the last two days over an event in another country that isn't going to happen for 2 years if it happens at all... and this is something you think we should all just put our money into?

That's fucking nuts.

 

[Skull Pilot]

It's not rigged you just don't understand it

I understand it perfectly well. which is why I don't trust it.

shit, man, 3 trilion disappeared in the last two days over an event in another country that isn't going to happen for 2 years if it happens at all... and this is something you think we should all just put our money into?

That's fucking nuts.

It didn't disappear
you don't lose money in the market unless you sell at a loss
the biggest mistake people make is not having a balanced portfolio the second biggest is not re-balancing their portfolio quarterly which invariably leads to being overly heavy in one area and therefore more open to market fluctuations

 

[JoeB131]

It didn't disappear
you don't lose money in the market unless you sell at a loss
the biggest mistake people make is not having a balanced portfolio the second biggest is not re-balancing their portfolio quarterly which invariably leads to being overly heavy in one area and therefore more open to market fluctuations

The biggest mistake we made was putting investment in front of labor.

 

[baileyn45]

Oh the poor companies ! When an employee gets hurt on the job , thy pay out a little work comp, then let the taxpayers take care of the employee forever thru SS disability payments . What a raw deal !

Pay out a little in Work Comp? I spit my iced tea onto my keyboard when I read that. You've obviously never dealt with workers comp.

I have . Work comp doesn't pay out enough for the disabled worker . SS disability comes in to save the day !

In my neck of the woods we refer to work comp as the "Bureau of Workers Beer Money and Free Drugs". Want some paid time off and some valium? Go to work and say "ow".

 

[JoeB131]

In my neck of the woods we refer to work comp as the "Bureau of Workers Beer Money and Free Drugs". Want some paid time off and some valium? Go to work and say "ow".

Sounds like you work for a pretty shitty company, then, if your coworkers think that's okay.

 

[baileyn45]

In my neck of the woods we refer to work comp as the "Bureau of Workers Beer Money and Free Drugs". Want some paid time off and some valium? Go to work and say "ow".

Sounds like you work for a pretty shitty company, then, if your coworkers think that's okay.

I own a company and the insanity I've seen with work comp is mind boggling. Organized crime plain and simple.

 

[JoeB131]

I own a company and the insanity I've seen with work comp is mind boggling. Organized crime plain and simple.

Again, I've been in the civilian workforce for 24 years, and have never seen anything like what you describe. People I know who go on workers comp were usually legitimately injured on the job, usually due to management's negligence - faulty equipment, etc.

And that's only two in 24 years.

If your employees are doing this to you a lot, you probably have some really unsafe working conditions and they are probably sticking it to you for a reason.

 

[Markle]

I am curious as to what amount people think employers pay into SS/Medicare

From the looks of the poll so far, there are a LOT of really ignorant people.

 

[Markle]

FICA rates in 2016 are 7.6% for both worker and employer. 6.2 for SS and 1.45 for Medicare. What's the point here?

Stunning how the Democrat Elite has buffaloed their followers into actually believing the employer pays anything toward Social Security or Medicare. Just stunning how gullible people can be!

 

[Markle]

I am curious as to what amount people think employers pay into SS/Medicare

It's actually 7.65% total taken out of gross wages is 15.3%--half from employee, the other half the employer pays.

Your gullibility is so cute!

 

[Markle]

It's not rigged you just don't understand it

I understand it perfectly well. which is why I don't trust it.

shit, man, 3 trilion disappeared in the last two days over an event in another country that isn't going to happen for 2 years if it happens at all... and this is something you think we should all just put our money into?

That's fucking nuts.

And it has mostly come back already.

 

[oreo]

I am curious as to what amount people think employers pay into SS/Medicare

Trick question for those who believe the propaganda about a Trust Fund and who pays.

But not for me. I AM my employer and I pay it all... .
Imagine that...

You don't do the 50-50 for self employed? Or did you incorporate?

There IS no 50-50 Moonie.. Self-employed people pay it ALL... And incorporating doesn't help if I draw salary because it's still money I and my partners made.

And with the cap where it is --- I'm gonna lose about $300,000 (privately invested equivalent in safe bonds) on Soc Sec if I die before 100..

Yeah, they have sure screwed many folks I know on the same.....

There are two income tax deductions that reduce your taxes. First, your net earnings from self-employment are reduced by half the amount of your total Social Security tax.
Second, you can deduct half of your Social Security tax on IRS Form 1040. But the deduction must be taken from your gross income in determining your adjusted gross income.

Sole proprietors get no deductions for their own socialsecurity/medicare payments. If owners incorporate into S corporations or other they are allowed to take some of their profit in dividends or investment income, and--FICA taxes are not collected on dividends or investment income. But everything coming from a W-2 form FICA taxes are collected and the owners of the business pay both the employee and the employer portions on themselves, or 15.3% of their gross income on the W-2 form.

 

[Skull Pilot]

It didn't disappear
you don't lose money in the market unless you sell at a loss
the biggest mistake people make is not having a balanced portfolio the second biggest is not re-balancing their portfolio quarterly which invariably leads to being overly heavy in one area and therefore more open to market fluctuations

The biggest mistake we made was putting investment in front of labor.

The market is the best place for average people to accumulate wealth

just 50 dollars a week invested in a balanced portfolio from the age of 18 until retirement will let you retire a millionaire

You'll never do that with social security

 

[JoeB131]

The market is the best place for average people to accumulate wealth

just 50 dollars a week invested in a balanced portfolio from the age of 18 until retirement will let you retire a millionaire

You'll never do that with social security

No, but I will have income for the remainder of my life no matter how long I live regardless of what the 1%ers do to screw with the market.

 

[Skull Pilot]

The market is the best place for average people to accumulate wealth

just 50 dollars a week invested in a balanced portfolio from the age of 18 until retirement will let you retire a millionaire

You'll never do that with social security

No, but I will have income for the remainder of my life no matter how long I live regardless of what the 1%ers do to screw with the market.

Yeah a whole 1300 a month instead of over 7500 a month and money left when you croak to leave to your family

Only you would think that's a good option

 

[JoeB131]

Yeah a whole 1300 a month instead of over 7500 a month and money left when you croak to leave to your family

Only you would think that's a good option

Again, I keep a copy of my 401K statement from 2009 as a reminder of how stupid trusting the Wall Street Casino is.

 

[baileyn45]

I own a company and the insanity I've seen with work comp is mind boggling. Organized crime plain and simple.

Again, I've been in the civilian workforce for 24 years, and have never seen anything like what you describe. People I know who go on workers comp were usually legitimately injured on the job, usually due to management's negligence - faulty equipment, etc.

And that's only two in 24 years.

If your employees are doing this to you a lot, you probably have some really unsafe working conditions and they are probably sticking it to you for a reason.

You would be mistaken. I have an excellent safety record and my credit rating from work comp attests to that. I've also spent many thousands of dollars fighting frivolous claims to maintain that rating. The last claim I fought was from some one who hurt his back so badly he could barely walk. of course I have video of him playing in a touch football game the night he hurt his back. My sister is going through the same thing at this moment. A waitress at her restaurant didn't show up to work for a week. They took her off the schedule and considered her fired. 2 months later they are notified by work com that she had hurt her back. I won my case and my sister will win hers. Guess what we win, thousands of dollars in legal fees.