{"id":5349,"date":"2006-03-18T10:08:29","date_gmt":"2006-03-18T16:08:29","guid":{"rendered":"http:\/\/www.sgtstryker.com\/index.php\/archives\/would-someone-smarter-than-me-please-explain-this\/"},"modified":"2006-03-18T10:17:10","modified_gmt":"2006-03-18T16:17:10","slug":"would-someone-smarter-than-me-please-explain-this","status":"publish","type":"post","link":"https:\/\/ncobrief.com\/index.php\/archives\/would-someone-smarter-than-me-please-explain-this\/","title":{"rendered":"Would Someone Smarter Than Me Please Explain This"},"content":{"rendered":"<p>As might be expected, from <a href=\"http:\/\/www.sgtstryker.com\/index.php\/archives\/blogging-may-be-a-bit-light-for-the-next-few-days\/\">this post<\/a>, I&#8217;ve been reading up on Social Security lately. Mostly it&#8217;s been focused on SSDI\/SSI. But I believe that, in this case, similar rules exist for regular retirement.<\/p>\n<p>Let&#8217;s say Joe Citizen gets out of high school, and starts earning wages &#8211; perhaps civilian, perhaps military, it really doesn&#8217;t matter. All that matters is that he&#8217;s earning wages, and paying FICA. Thirty years down the road (at the ripe old age of 48), Joe Citizen stops earning wages&#8230; perhaps he becomes a street bum, or perhaps he &#8220;retires&#8221;, and simply lives off pension and savings &#8211; whatever. (I would include going expat, but I believe the US is one of the few nations of the world which goes after its citizens for taxes when they are living, working, and paying their host nation&#8217;s taxes, in a foreign country.) What&#8217;s important is that Joe Citizen doesn&#8217;t pay FICA for twenty years&#8230;<\/p>\n<p>As I understand it, when Joe Citizen turns 68, and goes to collect Social Security, it&#8217;s as if he had never paid FICA at all. Is this correct?<\/p>\n<p><b>Trust Fund my ass!<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As might be expected, from this post, I&#8217;ve been reading up on Social Security lately. Mostly it&#8217;s been focused on SSDI\/SSI. But I believe that, in this case, similar rules exist for regular retirement. Let&#8217;s say Joe Citizen gets out of high school, and starts earning wages &#8211; perhaps civilian, perhaps military, it really doesn&#8217;t [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1,13],"tags":[],"class_list":["post-5349","post","type-post","status-publish","format-standard","hentry","category-aint-that-america","category-general","category-rant"],"_links":{"self":[{"href":"https:\/\/ncobrief.com\/index.php\/wp-json\/wp\/v2\/posts\/5349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncobrief.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncobrief.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncobrief.com\/index.php\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/ncobrief.com\/index.php\/wp-json\/wp\/v2\/comments?post=5349"}],"version-history":[{"count":0,"href":"https:\/\/ncobrief.com\/index.php\/wp-json\/wp\/v2\/posts\/5349\/revisions"}],"wp:attachment":[{"href":"https:\/\/ncobrief.com\/index.php\/wp-json\/wp\/v2\/media?parent=5349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncobrief.com\/index.php\/wp-json\/wp\/v2\/categories?post=5349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncobrief.com\/index.php\/wp-json\/wp\/v2\/tags?post=5349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}