 Internet business? Home Business? Is there a truly good way to make your living at home? |
| Can anyone honestly inform me on what it takes or what is out there to have a successful intrenet or home business where an individual can gain financial freedom? Not a get rich quick scheme, they ... |
|
 What do you think about those email from people who wanted help to transfer their big amount of money by banks |
| We get to received email from people from foreign country who needs help to keep and transfer their huge amount of money thru the bank, and get share for about 20 0r 30%, do you think it is true or ... |
|
 Can you get a job when your 13? |
| i need 769 $ before next year for this ... |
|
 How do I safely lower my blood pressure? |
| I know the obvious, like a better diet and moderate exercise. Are there any unusual things anyone has tried (a special diet, a certain exercise activity) with good results?... |
|
 What do u mean by 15 k (money)? |
i actually just want to know what is k !!!!!!!!!!!
im quite small
Additional Details
thank you sooooooo much everyone who answered.............. |
|
 How can I stop debt collectors calling for my roommate? |
| So I have a home phone, its in my name and my roommate never uses it, or answers it. Since he never uses it I pay the whole bill. I assume that the debt collection agency has his address and looked ... |
|
 10 easy ways to make money? |
| i am 13 and i need to make some money and it is also winter out side.... |
|
 I am curious as to what people do to make money online this days? ? |
| please someone tell me, what do one do this days to make money online, u know investments and stuffs or where can one find this information?... |
|
 Where am i going wrong financially? |
| I earn a reasonable salary, I have no debts except a low mortgage and yet I find that I am living from payday to payday, All my money seems to go. I pay an extra £100 a month on my mortgage and save ... |
|
 Is a credit score of 730 good? |
| I know the average is supposed to be 678, but is my score considered good, very good, just average?... |
|
 Can someone help me? |
| I am like 1month behind in my bills and I can't seem to catch up. Nobody I know has money to let me borrow. I have 2 children now so it's not like I can get a second job. Any ideas on how ... |
|
 Im 13 and have $350, i dont know what to do with it.? |
I want to spend it and not save it. Its cash not a gift card. Help?
Additional Details
By the way Im a ... |
|
|  |
Franco | In the US what happens if someone on retirement takes his pension funds and spends them on wine women & song? |
Can he then claim social security and become a burden on the state?
In the UK pension funds have to be used to buy an annuity, ostensibly in order to prevent that kind of thing, which in my view is very unlikely. No doubt the real reason is to support the insurance industry. |
 |
 
jancar2012
|
He gets drunk, laid and musical. |
|
DaisyCake
|
Then he's drunk, laid and hoarse.
Actually there are limits to how much you can withdraw from an IRA without penalty. The theory of SS is that you've paid in, so you get it back (almost as if you bought an annuity) but in reality that's not how the money is handled. You're not a 'burden on the state' but you're getting back because you paid in.
And if you read your annual statement, you'll see that the amount you're scheduled to receive is only an estimate and you might not get anything at all. |
|
Nancy Kay
|
One who claims his due benefits from his own Social Security account is not a burden on the government. We pay into our own Social Security accounts from our wages each and every pay period of our entire working lives, and can only draw on it when the law allows and then only to the extent of our scheduled benefits based on our lifetime contributions while working and the age at which we begin collecting benefits. If and only if one is fortunate enough to have one, American pensions (essentially private pensions sponsored by private employers) are not paid in a lump sum, but are disbursed as monthly stipends, so it's pretty hard to blow it all at once. |
|
harry
 |
it's their money to spend |
|
stephenweinstein
|
In the U.S., a person of at least a certain age who was worked at least a certain amount can claim social security even if he has not spent his pension funds. In the U.S. social security is in addition to pensions, not instead of it. |
|
Soup Dragon
 |
They die happy. But seriously, I don't know. |
|
lsbeasley
 |
Social security is nowhere near enough to live off of. So they're more likely to become a burden on their families.
Most companies don't do pensions, these days. At best it is matching funds in an investment account. And yes, they can blow it all and be out of luck. |
|
Gretchen H
 |
He ends up singing for his supper! |
|
blue_eyesbc
|
retirement won't be as much fun when all the money and women are gone |
|
John the Actuary
|
In the US, Social Security and private pensions are paid concurrently.
A typical retiree might get $13,000/yr as a social security benefit while also having a $12,000/yr pension entitlement.
If that retiree decided to take that $12,000/yr as a lump sum, say $150,000, there is nothing stopping him from buying as much wine, women, or songs he wants.
However, he'll be stuck living on $13,000/yr (with inflation) for the rest of his life.
This is a poverty-line level of income in many states so that person may have the ability to apply for welfare.
The more insidious problem though is the person who takes the $150,000 lump sum and thinks he can invest it and come out ahead. This person dutifully invests his money and only draws it down slowly but winds up running out of money in his early 80's with no way to get it back or develop a new income. |
|
Jonathan
|
I believe one joins the queue. |
|
Brick
|
In the U.S. many company have pension funds for their employees. In most cases you can take it in a lump sum or take it in the form of an annuity from the company. (private)
Note that pension is separate from the U.S Social Security.
So in the first place you can spend it on anything you want.
On your social security from the govt you can also spend it on anything you want. But from the Govt S.S. you only get it on a monthly basis (annuity style)
In addition you can save in your companies 401K savings plan which is by far the best way to save since most companies will give you 50cents on every dollar you save for your first 6% for example.(this money goes in to mutual funds and is tax deferred until you retire and start taking it out.) By the way you can throw that money away on woman and wine also. |
|
itssocial
|
they get a gold star. a person can do what they like-they earned it. |
|
Smilin'Bob_ The Enzyte Guy
|
In the US.... Pensions and Social Security are 2 TOTALLY different things..
The former is a voluntary contribution that has a finite amount and would be what was blown in this example..
The latter is an endless monthly stipend the retiree gets until the day they die, regardless of whether they had a private pension or not.
The only difference the private pension makes.... is how much of his social security check ends up being Federally taxable as income.... |
|
Raine
 |
he earnt it - he spends it
live and let live |
|
Spot
 |
sell there blood. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
16 | 3 minutes(s) ago
| | | |
16 | 12 minutes(s) ago
| | | |
15 | 21 minutes(s) ago
| | | |
16 | 3 hour(s) ago
| | | |
12 | 5 hour(s) ago
| | | |
16 | 10 hour(s) ago
| | | |
16 | 2 day(s) ago
| | | |
4 | 3 day(s) ago
| | | |
16 | 2 week(s) ago
| | | |
1 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
