ss work credit - Page 2 - YorkieTalk.com Forums

bchgirl · 10-15-2008, 09:18 AM

Quote:

Originally Posted by Nikki+2

Well they are used to me not contributing anything financially so that wouldn't be a shock to our family budget.

So if 40 quarters is 10 years I wonder how many years 9 quarters is. Anyone feel like doing math?

There are 4 quarters in a year...you paid a little over 2 years.

Nancy1999 · 10-15-2008, 09:28 AM

Quote:

Originally Posted by RowdysMom

Yes, there will be some form of social security and/or medicare when we all get old. It's hard to believe, but it's true, that about 40% of older adults live off social security alone - no other pension or income. You can't think that our government will just cut off social security and put all these elders out on the street, do you??? Of course, social security may be means based in the future, and as such, those who have incomes or pensions may make too much money for social security. But you just never know what may happen between now and then and I think it is best to be prepared.

So yes, I do think it is important that you try to accumulate enough social security credits. You just never know what might happen along the way.

Am I the only one worried about the 10 TRILLION dollar debt?

bchgirl · 10-15-2008, 09:42 AM

Quote:

Originally Posted by Nancy1999

Am I the only one worried about the 10 TRILLION dollar debt?

Actually it's already been proven...by a certain given year (which I don't feel like looking up)...there will be more retirees reaching retirement age than there will be workers putting into the system. We baby boomers are all gonna retire...and there are more of us than any other age group.

I don't expect to ever collect on what I paid into this...stuff. I'd rather put it something myself...I'm a big girl. I don't need the goverment saving anything for me.

Nancy1999 · 10-15-2008, 09:52 AM

Quote:

Originally Posted by bchgirl

Actually it's already been proven...by a certain given year (which I don't feel like looking up)...there will be more retirees reaching retirement age than there will be workers putting into the system. We baby boomers are all gonna retire...and there are more of us than any other age group.

I don't expect to ever collect on what I paid into this...stuff. I'd rather put it something myself...I'm a big girl. I don't need the goverment saving anything for me.

Oh I forgot, we aren't suppose to tell the younguns about this, yeah Niki, pay social security, I'm SURE you'll get some money back.

Nikki+2 · 10-15-2008, 10:33 AM

I didn't expect to ever collect on my own social security but the Medicare got me thinking. After seeing how much I would have to work to qualify, I think I'll just take care of my own insurance (or supplemental) if the time comes.

wonderwoman41 · 10-15-2008, 07:24 PM

I think it's important to work while the little ones are at school to earn the work credits. I'm 41 and I have worked for 25 years and have earned enough work credits through 2011. On my way to work on July 6, 2006, I was at a complete stop and waiting to take a left hand turn and BOOM a little old lady hit me from behind then knocked me into another lane and BOOM again. I got rear-ended and also hit in the front. It totaled my new SUV and I broke 4 vertebrae's in my cervical spine. It also messed up my hand, elbow and knee. All the doctor's said it was a miracle that I was alive. It changed my life forever. I lost my job, SUV and had to sell my house. I applied for disability and it took me 13 months and a good attorney to get approved. If it wasn't for the work credits I would never gotten the disability. I will get Medicare Part A that only covers the hospital and not your doctor appts. You have to pay for Medicare Part B and then a prescription Part D to cover all your meds. Lord knows that I have the meds now. My mom's best friend is really sick and can't get disability because she doesn't have enough work credits to get approved. If only she worked while her kids were in school. She could kick herself now. I hope this helps.

RowdysMom · 10-16-2008, 07:08 PM

Quote:

Originally Posted by wonderwoman41

I think it's important to work while the little ones are at school to earn the work credits. I'm 41 and I have worked for 25 years and have earned enough work credits through 2011. On my way to work on July 6, 2006, I was at a complete stop and waiting to take a left hand turn and BOOM a little old lady hit me from behind then knocked me into another lane and BOOM again. I got rear-ended and also hit in the front. It totaled my new SUV and I broke 4 vertebrae's in my cervical spine. It also messed up my hand, elbow and knee. All the doctor's said it was a miracle that I was alive. It changed my life forever. I lost my job, SUV and had to sell my house. I applied for disability and it took me 13 months and a good attorney to get approved. If it wasn't for the work credits I would never gotten the disability. I will get Medicare Part A that only covers the hospital and not your doctor appts. You have to pay for Medicare Part B and then a prescription Part D to cover all your meds. Lord knows that I have the meds now. My mom's best friend is really sick and can't get disability because she doesn't have enough work credits to get approved. If only she worked while her kids were in school. She could kick herself now. I hope this helps.

This is a perfect example of, "You never know what might happen". Of course, we can't live our life being scared that everything will happen - but thinking about the possibilities makes one much more reflective......

I agree, I'd work to earn those credits

Nikki+2 · 10-17-2008, 06:27 AM

Quote:

Originally Posted by wonderwoman41

I think it's important to work while the little ones are at school to earn the work credits. I'm 41 and I have worked for 25 years and have earned enough work credits through 2011. On my way to work on July 6, 2006, I was at a complete stop and waiting to take a left hand turn and BOOM a little old lady hit me from behind then knocked me into another lane and BOOM again. I got rear-ended and also hit in the front. It totaled my new SUV and I broke 4 vertebrae's in my cervical spine. It also messed up my hand, elbow and knee. All the doctor's said it was a miracle that I was alive. It changed my life forever. I lost my job, SUV and had to sell my house. I applied for disability and it took me 13 months and a good attorney to get approved. If it wasn't for the work credits I would never gotten the disability. I will get Medicare Part A that only covers the hospital and not your doctor appts. You have to pay for Medicare Part B and then a prescription Part D to cover all your meds. Lord knows that I have the meds now. My mom's best friend is really sick and can't get disability because she doesn't have enough work credits to get approved. If only she worked while her kids were in school. She could kick herself now. I hope this helps.

How awful! I hope you are doing okay now.

Quote:

Originally Posted by RowdysMom

This is a perfect example of, "You never know what might happen". Of course, we can't live our life being scared that everything will happen - but thinking about the possibilities makes one much more reflective......

I agree, I'd work to earn those credits

I know I am very fortunate and I am very grateful but again, since I don't bring any money to our family income I would not need disability if something awful happened and my husband's insurance would cover my medical care. I have plenty to keep me busy and I and my family enjoy me not working and being able to devote my time to other things.

I really appreciate everyone's input and I think my question has been fully answered.

ARCHIE · 10-17-2008, 08:29 AM

Right now I would say I won't need Medicare because my husband's company would cover insurance after retirement but I guess you never really know what will happen. Right now there's no telling how our medical system will even be at all by the time I'm old enough to qualify.

I'm afraid these benefit's may also be changing as time goes on.
My girlfriend and her husband, who was employed by GM before it
closed the plant many years ago had heath insurance for life threw
them. They are getting cancelled in Dec 08 and now need to supply
their own. I also know the teacher's union is fighting to keep it for
their employee's but schools are looking to cancell it as well for future
retiree's. Just can't afford it any longer.

10-15-2008, 10:33 AM	#20
Nikki+2 I heart Sugar Donating Member Join Date: Mar 2006 Location: Florida Posts: 7,373	I didn't expect to ever collect on my own social security but the Medicare got me thinking. After seeing how much I would have to work to qualify, I think I'll just take care of my own insurance (or supplemental) if the time comes. __________________ "If you have men who will exclude any of God’s creatures from the shelter of compassion and pity, you will have men who will deal likewise with their fellow men." — St. Francis of Assisi, 1181-1226 Last edited by Nikki+2; 10-15-2008 at 10:35 AM.

10-15-2008, 07:24 PM	#21
wonderwoman41 No Longer a Member Join Date: Jun 2008 Location: Owensboro, KY Posts: 130 Blog Entries: 1	I think it's important to work while the little ones are at school to earn the work credits. I'm 41 and I have worked for 25 years and have earned enough work credits through 2011. On my way to work on July 6, 2006, I was at a complete stop and waiting to take a left hand turn and BOOM a little old lady hit me from behind then knocked me into another lane and BOOM again. I got rear-ended and also hit in the front. It totaled my new SUV and I broke 4 vertebrae's in my cervical spine. It also messed up my hand, elbow and knee. All the doctor's said it was a miracle that I was alive. It changed my life forever. I lost my job, SUV and had to sell my house. I applied for disability and it took me 13 months and a good attorney to get approved. If it wasn't for the work credits I would never gotten the disability. I will get Medicare Part A that only covers the hospital and not your doctor appts. You have to pay for Medicare Part B and then a prescription Part D to cover all your meds. Lord knows that I have the meds now. My mom's best friend is really sick and can't get disability because she doesn't have enough work credits to get approved. If only she worked while her kids were in school. She could kick herself now. I hope this helps. Last edited by wonderwoman41; 10-15-2008 at 07:25 PM.

10-17-2008, 08:29 AM	#24
ARCHIE No Longer A Member Join Date: Aug 2005 Location: NEW YORK Posts: 16,218	Right now I would say I won't need Medicare because my husband's company would cover insurance after retirement but I guess you never really know what will happen. Right now there's no telling how our medical system will even be at all by the time I'm old enough to qualify. I'm afraid these benefit's may also be changing as time goes on. My girlfriend and her husband, who was employed by GM before it closed the plant many years ago had heath insurance for life threw them. They are getting cancelled in Dec 08 and now need to supply their own. I also know the teacher's union is fighting to keep it for their employee's but schools are looking to cancell it as well for future retiree's. Just can't afford it any longer.