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re: You better BELIEVE Joey Biden wants to tax or eliminate your Social Security.

Posted on 3/17/24 at 6:58 am to
Posted by Diamondawg
Mississippi
Member since Oct 2006
32359 posts
Posted on 3/17/24 at 6:58 am to
quote:

It's gonna be 'Means Testing.'
They've proposed it for years.
IE: If you retire today at age 65 and you have a net worth of 1 million dollars you forfeit your SS because you're 'fortunate.'
Keep in mind that most old people's net worth is their paid for house.
I don't know what you do if you are way above a million and hopefully this is for eventual and not retroactive retirees but if you are hovering around a million, go out finance a couple of hundred +/- acres of land. Add a 400,000 liability to your assets and hope the idiots can do mah, Assets minus liabilities equal net assets (worth). Win/win - you keep your social security and you are investing in a tangible asset that can be used many ways, even possibly income producing (lease to farmer, hunters, etc.).
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