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To: Earlie who wrote (197620)10/15/2002 3:32:53 PM
From: reaper  Respond to of 436258
 
dood, will you please get with the program?!

<<we will learn that one has to be employed in the creation of some product or service to be able to buy the goods of others>>

employment is highly over-rated. who needs a farking job when your house produces $50k of annual capital gains income?

Cheers



To: Earlie who wrote (197620)10/15/2002 4:08:44 PM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
Earlie, hey guess what I just found out. Did you know that a person who currently reaches his or her official full retirement age for social security can go on working and collect full benefits at the same time? Furthermore, if you keep contributing to Social Security, it is as if you had postponed retirement and the benefits increase around 6% a year. And on top of that, there can be inflation adjustments. So a person who has reached 65 this year can receive something like $1500 a month on top of salary and go on working and that will increase to $2500 or more by the age of 70. $30,000 p.a. on top of salary.

Of course a good bit of that is now taxable, but the benefit is probably free of state taxes and also unreduced by other sorts of deductions.

How long before some politician notices this and campaigns to stop it? Gee, with that $30,000 one could have an $82 meal out every night of the year. The trick is to stay alive, I guess.



To: Earlie who wrote (197620)10/15/2002 4:30:03 PM
From: mishedlo  Respond to of 436258
 
morganstanley.com