Comments on: Medicare in Serious Trouble http://advancedpersonalfinance.com/medicare-in-serious-trouble/ Moving beyond the basics Fri, 29 Aug 2008 07:19:41 +0000 http://wordpress.org/?v=2.2.2 By: Curious Cat Economics Blog http://advancedpersonalfinance.com/medicare-in-serious-trouble/#comment-23692 Curious Cat Economics Blog Sun, 06 Apr 2008 20:07:50 +0000 http://advancedpersonalfinance.com/medicare-in-serious-trouble/#comment-23692 I agree on both points. We are currently choosing to tax our children (and future selves) to pay for what we use today. Just like someone taking out a new credit card every other month to payoff the current bills this eventually catches up to you. There is very little doubt taxes will increase and benefits will be cut. As anyone struggling with the task of cleaning up credit card debt the longer you spend money you don't have the harder it will be once you have to deal with the bad behavior you exhibited earlier. It really is amazing how we keep electing people that sacrifice our future to make payoffs to supports today. I agree on both points. We are currently choosing to tax our children (and future selves) to pay for what we use today. Just like someone taking out a new credit card every other month to payoff the current bills this eventually catches up to you. There is very little doubt taxes will increase and benefits will be cut. As anyone struggling with the task of cleaning up credit card debt the longer you spend money you don’t have the harder it will be once you have to deal with the bad behavior you exhibited earlier. It really is amazing how we keep electing people that sacrifice our future to make payoffs to supports today.

]]> By: KMC http://advancedpersonalfinance.com/medicare-in-serious-trouble/#comment-22175 KMC Wed, 26 Mar 2008 18:42:21 +0000 http://advancedpersonalfinance.com/medicare-in-serious-trouble/#comment-22175 Dave, I've been saying the same thing for a couple of years now. I fully expect something like what you describe to happen. IRS: "You know how we told you Roths would be tax free on withdrawal. Well, about that..." Me: "But, but, but" IRS: "You can make the check out to Department of the Treasury" Dave, I’ve been saying the same thing for a couple of years now. I fully expect something like what you describe to happen.

IRS: “You know how we told you Roths would be tax free on withdrawal. Well, about that…”
Me: “But, but, but”
IRS: “You can make the check out to Department of the Treasury”

]]> By: Dave http://advancedpersonalfinance.com/medicare-in-serious-trouble/#comment-22155 Dave Wed, 26 Mar 2008 15:41:17 +0000 http://advancedpersonalfinance.com/medicare-in-serious-trouble/#comment-22155 Don't be surprised if the rules for Roth IRA's are changed in the future so that the money you pull out will be taxed if you are considered "rich". Don't expect the definition of "rich" to be much over $30K/yr in income either. Don’t be surprised if the rules for Roth IRA’s are changed in the future so that the money you pull out will be taxed if you are considered “rich”. Don’t expect the definition of “rich” to be much over $30K/yr in income either.

]]> By: SavingDiva http://advancedpersonalfinance.com/medicare-in-serious-trouble/#comment-22149 SavingDiva Wed, 26 Mar 2008 14:28:18 +0000 http://advancedpersonalfinance.com/medicare-in-serious-trouble/#comment-22149 In the news, I've only heard about Social Security...and I have to admit that I've planned my retirement savings without social security (and I have some of my investments in a roth ira), but excluding ss and medicare?! I don't know if I could save enough! In the news, I’ve only heard about Social Security…and I have to admit that I’ve planned my retirement savings without social security (and I have some of my investments in a roth ira), but excluding ss and medicare?! I don’t know if I could save enough!

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