Wellness

[TRUE]

My husband died at 53......2 weeks after I applied for SS disability it was a nightmare as I was in grief but it took an attorney and one year but I got it for anxiety ....and retroactive and have gotten it ever since you get more if widowed. Since you are already disabled call your SS office and tell them I'm pretty sure you will have no problem.

[151949]

On 11/3/2014 Desertdi said:

On 11/3/2014 happy housewife said:

On 11/3/2014 Desertdi said:

On 11/3/2014 happy housewife said:

On 11/3/2014 Desertdi said:

On 11/3/2014 millieshops said:

Desertdi- It was that word "penalty" that made me think what I did. Sorry if I misinterpreted you.

I certainly can't say I love taxes, but I see them as a necessity, not a penalty.

Sorry for the misunderstanding. I began investing from my first-ever paycheck, at my father's insistence. As a result, I have some retirement income -- however, I am being taxed on that income for a second time. And, therefore, still contributing to the government "pot"..... I don't consider it a hardship. I do find it an oddity that people who have tried to save money, get taxed twice. Please understand, I am talking about individuals here -- NOT billion dollar corporations who seem to skate by...........

you can't get taxed on the same income twice. - how do you perceive that is happening?

I was referring to investments in the stock market. You most certainly are taxed on your dividends.

Dividends are an earning so yes, they are taxed , but not the money that was invested originally.

There's also the "small matter" of capital gains tax............

A capital gain is when you sell something for much more than you paid for it. That is an earning and the difference between what you paid and what you sold it for is taxable. But it is still only taxed ONCE.

[terrier3]

On 11/3/2014 Desertdi said:

Sorry for the misunderstanding. I began investing from my first-ever paycheck, at my father's insistence. As a result, I have some retirement income -- however, I am being taxed on that income for a second time. And, therefore, still contributing to the government "pot"..... I don't consider it a hardship. I do find it an oddity that people who have tried to save money, get taxed twice. Please understand, I am talking about individuals here -- NOT billion dollar corporations who seem to skate by...........

You are only taxed on the interest your original money has earned, NOT on your original investment. And if your investment LOSES money, you can take a tax deduction too on the loss.

Where did you get the idea you are taxed twice???

Maybe you need a better accountant who can explain the concept of "capital gains" to you.

[ccassaday]

When you put money into a investment like a 401k it is not taxed unt you take it out at retirement. That money is not taxed. Its like your healthcare is tax free.

[Desertdi]

On 11/3/2014 terrier3 said:

On 11/3/2014 Desertdi said:

Sorry for the misunderstanding. I began investing from my first-ever paycheck, at my father's insistence. As a result, I have some retirement income -- however, I am being taxed on that income for a second time. And, therefore, still contributing to the government "pot"..... I don't consider it a hardship. I do find it an oddity that people who have tried to save money, get taxed twice. Please understand, I am talking about individuals here -- NOT billion dollar corporations who seem to skate by...........

You are only taxed on the interest your original money has earned, NOT on your original investment. And if your investment LOSES money, you can take a tax deduction too on the loss.

Where did you get the idea you are taxed twice???

Maybe you need a better accountant who can explain the concept of "capital gains" to you.

I have a financial manager and a tax attorney who are in business to see that I do NOT LOSE any principal.

[151949]

On 11/3/2014 Desertdi said:

On 11/3/2014 terrier3 said:

On 11/3/2014 Desertdi said:

Sorry for the misunderstanding. I began investing from my first-ever paycheck, at my father's insistence. As a result, I have some retirement income -- however, I am being taxed on that income for a second time. And, therefore, still contributing to the government "pot"..... I don't consider it a hardship. I do find it an oddity that people who have tried to save money, get taxed twice. Please understand, I am talking about individuals here -- NOT billion dollar corporations who seem to skate by...........

You are only taxed on the interest your original money has earned, NOT on your original investment. And if your investment LOSES money, you can take a tax deduction too on the loss.

Where did you get the idea you are taxed twice???

Maybe you need a better accountant who can explain the concept of "capital gains" to you.

I have a financial manager and a tax attorney who are in business to see that I do NOT LOSE any principal.

Well, that is certainly a good thing because you do not seem to have much of a knowledge about finances. Perhaps you should sit down with them and ask them to teach you about YOUR money.

[terrier3]

On 11/3/2014 Desertdi said:

I have a financial manager and a tax attorney who are in business to see that I do NOT LOSE any principal.

Who is your financial manager - Karnack the Magician???

There is no such thing as always winning in the stock market. If every investment ALWAYS goes up, your investments are too safe.

[151949]

A financial manager should ask you how you want to do your investments. If you prefer to keep them safe or to risk more for a bigger gain - then he should invest appropriately. We wanted 80% safe and they are in bonds - the other 20% are in thew stock market. We are very happy with how our money is being handled and as yet - we have not touched our original deposit - despite taking a monthly payment from our savings.Our guy knows that as long as our original deposit remains intact we are good with it.

Depositing in municipal bonds instead of stocks guarantees a steady return - because you are essentially giving the municipality a loan and the charges to them are agreed to up front. They are not the highest gain but there is definitely no loss involved, unless the municipality goes chapter 11 - but then we would be in our guy's face asking why he took on a loan from such a shaky borrower, so he would not do that.

[terrier3]

On 11/3/2014 Desertdi said:

<br />

I was referring to investments in the stock market. You most certainly are taxed on your dividends.

Dividends are an earning so yes, they are taxed , but not the money that was invested originally.

There's also the "small matter" of capital gains tax............

Yes it is small.

Capital gains are taxed at a lower rate than regular income for most people.

Hence the reason why Buffet has a lower tax rate than his assistant.