golfined98 asked:


My Aunt that I care for is 83 years old. Her monthly Social Security check is $296.50. She has $82.50 taken out each month for Medicare. Seems a bit steep to take out almost 30% for Medicare. Can anyone tell me if this is correct?

HINTON

vandana r asked:


How long it takes to get refund of Social Security & Medicare tax witheld in error? Someone told me that it takes 1 year to get it refunded. I don’t think so.

DOWDY

Paul Megan asked:


There are only two types of retirees who would consider retirement employment. One is the person who wants to stay active. The other has no choice.

For many, the cost of living in retirement is becoming too burdensome to think about doing it without income from retirement employment. Two major factors must be considered.

1. According to current life expectancy figures, you could live 20 to 30 years after you retire at 65.

2. The cost of living will more than double during those years, even if inflation averages a modest 3% a year.

To make sure your savings last as long as you do, experts say, you can’t afford to withdraw more than 4% to 5% from your nest egg each year, adjusted annually for the rise in the cost of living. Of course, you’ll also receive income from social security and perhaps a pension.

Everyone’s situation is different. But if you take the time to crunch the numbers on your behalf, you may find that you come up short. And entertaining retirement employment becomes a necessity.

Well, there are two pieces of good news.

First, there’s an explosion of opportunities for retirement employment. Many corporations are looking to bring back retirees on a part-time or consulting basis. Other organizations like Home Depot and Walmart are deliberately recruiting retirees because they know they are hard-working, knowledgeable members of the team who are above average in attendance and competence.

The second piece of good news is that finding and landing good retirement employment is straightforward and easy if you follow the plan laid out in The World’s Fastest Alternative Job Search System. This amazing non-traditional career advancement program can have you talking to prospective employers in a matter of days. And show you how to lock up good retirement employment in as little as two weeks.

What’s more, this exciting program can help you reassess your talents, capabilities and marketable assets. You’ll discover that you’ve accumulated some remarkable skills, both on and off the job. This fundamental reassessment can point you in some exciting new directions. And you’ll learn how to repackage yourself to become an attractive candidate.

So, if it turns out that your money worries can be resolved by retirement employment, you couldn’t have picked a better time to be in the job marketplace. The volume and variety of opportunities is at their peak. And the mounting interest in hiring retirees means the time may be just right for you!



PAULEY

dennis h asked:


If Social Security and Medicare are a pay-as-you-go systems…What is going to happen when our country goes from 40 million recipients to over 100 million as the Baby Boomers retire? If you do the math it’s going to almost be a ratio of 1.5 tax payers for every retiree? This is going to be a huge problem!!! What do you think?

GREENBERG

bklstheman13 asked:


I live in SA, Texas, am a dependent, single and claim no one else as a dependent. I was wondering what is the percetange of my check is taken from

Social Security
Medicare
And Fed Withholding.

I am trying to find each percentage by themselves, but I am having no luck.

MOFFETT

toni asked:


My grandmother lives with my parents so she’s not on her own and her Social Security isn’t much to provide for much other than her medicines, insurance and whatever clothes. My parents provide her with everything else, example, food, pays for certain electric/gas bills (she has a section of the home all for herself). She is on Medicare/PAAD to help with her prescriptions. Is there any other help she can get or my parents. My parents are now both retired and have only Social Security and can’t handle the expenses as they use to.

DOCKERY

spoongentry asked:


I’m a high school student who earned only $1000 at McDonald’s last year. 8% of my earnings always came directly out of my paycheck (social security and medicare taxes). As a Minnesotan, can I get any of this money back?

HALCOMB

Dave asked:


A dependant works for a university and her paystubs have federal taxes withheld, but no social security of medicare. She tells me that the school told her that she doesn’t pay that but she is unsure why. Possibly becasue they are a federal university? I don’t know if that sounds right or not.
If it is incorrect, will she then owe whatever amount at the end of the year?

OLIVAREZ

Swagato asked:


Why does nonresident international students in USA pay social security and Medicare taxes? A major portion of these students will end up leaving USA. Hence they do not get the benefits anyway and end up paying for something they do not get value for. What gives? Is there anyway to get these refunds back if the student leaves USA for good?

CHAVEZ

starlove2 asked:


I’m a college student and work a part-time on-campus job. My paychecks are usually less than or around 500 each month. I haven’t had social security or medicare taken out of my paychecks for 8 months, but just this last month, they deducted social security and medicare. Why are they starting now? Is it due to a certain amount I have earned? If not, what?

DODGE