Posted by Pair-a-dice farm on April 29, 2015 at 03:27:18 from (162.104.122.227):
In Reply to: Social Security posted by MarkB_MI on April 29, 2015 at 01:15:38:
MarkB_MI said: (quoted from post at 04:15:38 04/29/15) You don't say what your REAL question is. If it is "can I expect to keep my current standard of living with just my SS check?", the answer is probably "no".
I guess I don't know what "less than expected" means, but I suspect it really means "less than I would like". Farmers, like most self-employed businessmen, don't generally pay a lot of money into SS and therefore don't get very big benefit checks.
Just curious, where did you get that information? If you are self employed you pay 15.3% of your net income into SS and medicare. You also pay about half of the SS and medicare for all of your employees.
As others has said SS was never meant to be retirement plan. 65 was set up as the retirement age because that was the average lifespan for men at that time.
This post was edited by Pair-a-dice farm at 03:32:46 04/29/15.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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