Comments for Retirement Planning Blog

Comment on Stellar Results from Target Date Funds by Para adelgazar

Para adelgazar — Thu, 25 Feb 2010 13:58:17 +0000

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Comment on Lower Social Security Checks, If You Are 1947 Born by forex robot

forex robot — Tue, 09 Feb 2010 09:09:11 +0000

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Comment on Will You Have to Face Higher Medicare Premiums Soon? by Hoody

Hoody — Fri, 08 Jan 2010 21:47:41 +0000

man this whole SS/medicare thing is nutty, so not only are “new” part B people gona have to pay higher even with out a COLA on the SS they NOW are getting when they apply, but in my case I have to pay regular income tax on 85% of the total because I make over 32 lousy grand in military retirement, while the dumb asses seem to keep any payments to Part B in the total received, which means to me if your paying for part B and have no itemized deductions your paying tax on those payments too, since they’re back in the total received.

Its like they’re creating a whole new group of notch type babies.

Comment on Will You Have to Face Higher Medicare Premiums Soon? by Hoody

Hoody — Fri, 08 Jan 2010 21:38:26 +0000

? well OK but I don’t quite understand that reply at all.
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OK so here’s another twist, as this was the first year I got SS and this SAA-199 I now have another question for anyone who has been on this Medicare part B a while.

I just got my 1st 1099, from this social security stuff, mine was I expected, since I don’t have part B yet commin out, but on her’s she has. Yet in block 5 “net”Benefits for 2009 it shows the full amount (taxable) incl the part B deductions?????. I thought the deal would show like what she made, minus the part B payments, and tax the difference????. And yeah I already called SS and IRS nether can come up with an answer, asswipe federal workers get raises and sit there stupid as usual. So can you ask some one you know that IS on SS and paying Part B from their SS why this is? Or why they incl the payments in a total net?. All I can come up with on my own is maybe you have to itemize to get the deductions, I don’t, but it would seem stupid, since your having them taken out at the time you get what’s left from SS.Anyway just a question in case you know, So on the 1040 you have to put on what’s in this block 5 of the SAA-1099 and that’s the full amount you got, not any reduction from the Part B payments. And there’s NO place I can see on the IRS worksheet for SS that lets you deduct the medicare payments either. Like I said, I DO NOT itemize, but it doesn’t seem right to pay part B right from your SS check, and still have it show up in the net block.