Lisa

Let me clarify my comments about soc sec. The system has been in jeopardy for a long time. We watched Japan go through devolution of their standard of living because their aged population was so large and that affected the economy greatly 23 years ago. We knew we were facing the same. We also had NO leaders really who were willing to offer positive reform paths to update soc sec. When we got soc sec, no one really thought about boomers and the effect of a longer living very large group of our citizens and how that would affect the system at large. Gen X, my gen, has been told for years, there might not be any left and we have endured them raising the age, and they are trying to do so again. My view is that reforms are needed now. People with high net worth do NOT need soc sec. I don't care that they paid in. I paid in making six figures, and if I am blessed to have high net worth, I won't expect to add to it with soc sec. I would gladly waive my right to it, in that case, so it can go towards someone who needs it to live. Giving people with millions in IRAs and high retirement income soc sec additionally will only ensure taht Gen X, Y and Z don't get any. Furthremore, many are trying to live on 2K a month and could receive perhaps $500 more a month, if the wealthy did not take soc sec, or not for as long. This was designed to ensure Americans could retire with dignity. It was not designed to make the wealthiest people even more wealthy while 40% of Americans in retirement don't make enough to live. This program needs modified. It is immoral to use it the way we have been. Don't call me a liberal, because I voted GOP most of my life and am a very conservative Catholic. I am for a just world. I am for a nation to not erode its standard of living just so that boomers can add even more money to their retirement. I am speaking in generalities. I realize there are boomers who are struggling and they should be getting more soc sec. When greed, selfishness and entitlement are the main hallmarks of a system that was designed to ensure dignity for all, it is sure to fail. We must instill ethics and morality to our systems. Life matters. The elderly matter. This nation needs to rework soc sec now.

If one is earning $6500 a month in retirement plus owns a home, townhome, condo, with at least $500K in equity, then I don't think one needs soc sec on top of that. Many drawing soc sec have millions in IRA and other investments plus millions in real estate. I am happy for them that they are so blessed however soc sec is going to run out if it is not reformed. If one earns less than that, then one may still need soc sec. In shifting to citizens that truly need it, we can shore up some of the draining of it to ensure it is there for future gens until it is replaced with something better and fair to all.

If you are going to watch Winter Palace, the mini series streaming, loosely based on the real story of Johannes Badrutt, the first Winter Games in Switzerland, and the making of the best winter hotels in the world, be forewarned, it starts out great and one thinks it will end with them triumphing, but it turns strange the last few episodes and really has nothing to do with the hotel and then just ends. One feels it was a giant waste of time, and that's too bad, as the beginning was wonderfully done. Just FYI. If you just want kind of a soap opera based in 1899 in Switzerland, then you may like it.

The Israeli government tried to stop Cardinal Pizzaballa from commemorating the ONE & ONLY True Messiah’s entry into Jerusalem. He decided to take it to Mount of Olives. Incredibly, this is the very spot Jesus wept over Jerusalem. The symbolism here is 🔥

Not all boomers, but sadly many are so self focused they don't care that Gen X and Y won't get any soc sec or not til they are 72 or older. Ethics matters in a nation. The leaders need to do more to replace soc sec with something better. It is Gen X who has paid in so that money is there for those 62-90+ right now. I don't mean boomer bashing at large. I will call out unethical situations without apology.

@LisaRHP @KurtSupeCPA There it is…boomer bashing. SS isn’t designed to be someone’s entire retirement income. Boomers worked hard, saved their $, went thru wars, recessions & paid our dues like generations before us. Stop whining & find your own way without blaming everyone else.

Client retires at 64. Has a pension. Doesn't need his $3.8M IRA. "I'll just let it grow." At 75, the IRS disagrees. Required Minimum Distribution: $143,000. He doesn't want it. Doesn't need it. But he has no choice. That $143K gets added to his pension income. Pushes him into a higher bracket. Increases his Medicare premiums by $4,000/year. Makes 85% of his Social Security taxable. Between retirement and age 75 there is a window. Eleven years to do Roth conversions. Eleven years to reduce the account. Eleven years to get ahead of this. Most people don't know the window exists until it closes.

Old ways of doing things become stale or no longer a fit. It is necessary in life to keep creating NEW ways that are better or that fit the changing needs of the world. I pray we find completely NEW ways to ensure that the elderly who need income, the poor, the homeless, those laid off, and the sick, as well as others, have dignity and a life that is filled with blessings, not suffering at our own hands as a nation. To whom MUCH is given, MUCH is required.

Just realized something that honestly made me stop for a second… $2,000 rent a month. That’s $24,000 a year. Stay there 5 years… that’s $120,000. Gone. No ownership. No asset. Nothing to show for it. Just paid to exist somewhere. That’s actually insane when you really think about it.

Justice for the oppressed is vitally important. We will keep standing up for justice for the crimes against children in the Epstein files, and for the poor to have safe and clean housing and food and ways to use their talents to help them find their vocations, and for there to be no more homeless in a nation who has so much wealth. Amen.

In the 90s, $40K = middle class. Today, that’s ~$100K. Same “middle class.” Very different reality. So ask yourself: how many people do you know making $100K?

@mcuban What a distorted answer ti the serious issues hurting millions of families right now. I will vote for those willing tie SEE the hardships and stand up for those dealing with this. Snarky answers don’t solve problems Mark.

Let me help rephrase for you Bernie. Need a loan for college so you can party for a semester and drop out? Taxpayers will loan you money for it. Need an SBA loan for your business ? Taxpayers will guarantee it. For a house ? Taxpayers will guarantee it. And local gov will give you money for your first down payment ! Get sick or are in an accident and you can’t afford your deductible, insurance company denied prescribed care or are uninsured ? You are on your own 😤 Let me add Bernie, the one debt not a single one of us will ever pay off till the day we die ? Our health insurance premiums And before you go in and on about single payer, ask @claudeai to take a look at your proposed Single Payer legislation. You want the Sec of HHS to run it. You can’t have a political appointee run an apolitical position And you expect every provider and doctor to accept whatever rate is set by Medicare. Big hospitals don’t know their costs. They couldn’t do a BOM for any procedure. They have negligible transparency. If they don’t know their costs, and you don’t know their costs, how is it possible for taxpayers, caregivers and patients to get a fair deal ? And the concept of “every other country does it “ ignores the fact that they all converted decades and decades ago, long before you and your peers allowed the extreme vertical integration we face now. Which leads to the question. @BernieSanders , why have you not advocated for the Break Up Big Medicine Bill ?

Two-thirds of Americans now say the middle class is out of reach. Not slipping. Not shrinking. Out of reach. That’s not a cycle. That’s a shift.

If your view of soc security is give it to the boomers who have high net worth- not referencing all boomers, but those with millions, bc they “paid into it” you are showing what is wrong with that line of thinking. Gen X and Y have also paid in for a long time but you are fine with their not receiving any of it, and having age raised even more bc boomers have to get all? That’s selfish and sick. The ones who have more than enough don’t need to drain it so that no one else younger can get any.

@TxGalLettie @KurtSupeCPA No I did well making six figures. Too many are struggling and can’t live on 1800 a month and yes I care about my gen not even getting any bc boomers who have more than enough are draining soc sec

@LisaRHP @KurtSupeCPA If you pay into it, you get the benefit. That’s the way it was designed & rightfully so. Sounds like you have a little rich envy. I don’t punish success, I want to encourage it.

The average Social Security benefit is about $1,800 a month. During a cost of living crisis, $1,800 is NOT enough for hardworking Americans to enjoy a secure retirement.

Shingles vaccine transiently increases your risk of shingles by 11X in adults 65 and over. You knew that, right? An 11x INCREASE. Did your doctor warn you?

@JayneCellis @SARA2001NOOR @AldiUK Sick. So sorry to hear this.

No- I am saying it has to be reformed to work properly or it will cease for people paying in who are not boomers. Having those who would not miss it as far as standard of living makes sense. They got some. Most boomers are age 70 and older. Those who don’t have a high net worth should keep getting it.

People pay (involuntarily) into a program for life with explicit rules for future payouts at a certain age, but then having reached that age they are told “no, since you were successful and frugal, we’re going to give it to people who didn’t save.” If you can’t admit it’s stealing, you can’t fix it.

🇫🇷 BREAKING: Paris ERUPTS tonight — Thousands of French citizens flood the streets with candles & crosses, boldly declaring FRANCE IS A CHRISTIAN NATION! Europe is finally waking up. Enough is enough. Time to TAKE OUR COUNTRIES BACK and defend our Christian heritage before it’s gone forever. The Great Awakening is here. Who’s standing with them?

@scandlenjosh @KurtSupeCPA Open to discuss a set amount. Far more than is needed to live.

@LisaRHP @KurtSupeCPA Define “high net worth” please

This!!!

In 2003 I was not Catholic, but found myself in Spain for Holy Week. I had never even heard of a religious procession. But on my way home one night I got cut off by one. It was like getting mugged by history, tradition, beauty, and Catholicism all at once. It was glorious.