I’d rather not pay taxes and rely on tariffs. Abolish the IRS.
I retired at 65. Was planning to wait a few years to get 100% but found out if I retire at 65 I get 98% that was a no brainer. A fellow tech retired at 70 at died at 72.
Fantastic. I reduced down to 6.5% but o% is better. Luckily, no state tax.
Retired at 62. Time over money was my choice. Dad retired at 55. He is going on 93. No guarantees on living past 70.
Everyone receiving SS benefits should be watching the mid 2030s. Receiving only 83% of our benefits is not a good thing.
Edit: Even if you are not receiving SS benefits yet, you still should be watching the mid 2030s.
Very true.
I gave up listening to doom and gloom SS predictions decades ago. I draw SS and pensions, but am not solely reliant upon them. I bailed out of all investments upon retirement and converted to fungible, tangible assets as a backup.
I do the same too. I Don’t do “chicken little the sky is falling”. I just like to keep an eye on what might be coming at me down the road.
Probably because I pay for you. I’m claiming all the critters as dependents this year.
As we all should. I have SS and investments.
Don’t have your eggs all in one basket. Unfortunately, I believe most of my investments are in US Dollars. I guess I am slightly covered with real estate and gold investments.
Dependents mean you’re paying less. Deductions and dependents have no worth to retirees with no earned income so you’re welcome to claim my critters too.
Now the tariifs are getting paused because of imminent price hikes, They should have thought it over before starting all of this.
If I understand it, the tariff threat was for the the other countries to stop the flow of fentanyl into the US. Using a trade weapon to combat another problem is not a good one. Instead of just one problem, now we have two; the drug problem and very distrustful trading partners.
I suspect very little fentanyl crosses the land border.
What makes you suspect that?
Please provide proof. We’re getting into dangerous territory when we suspect or feel without a source.
I probably won’t comment any further since this thread deals with Canada.
I have no proof, which is why I said I suspect. There have been sightings of drugs-carrying submarines off the CA coast. Only the moneyed drug traffickers can afford those.
Edit -
Fentanyl is a rich man’s drug of choice. For the lesser types, there’s meth and the like and domestic production must be enough for foreign sources to take over that market.
One of the houses close to me blew up - apparently some renter was cooking meth. And a daughter’s close neighbor was arrested, for the same offense. The house caught fire and they discovered the meth lab.
@habib can be the new fentanyl czar that Justin is going to appoint.
You can rent the gang to work as lookouts or trackers.
From what I read today, right after the US stock market started falling sharply, the tariffs are apparently already all canceled now (no idea if that actually played into the decision or not)…except for the 10% increase on China stuff, which is fairly miniscule anyway. Looks like that mostly brings the market to correct back up.
Tariffs ended as quickly as they started, so this whole thread seems to be basically moot now.
From my understanding, most of the concessions were to finally enforce the prior USMCA existing commitments that were apparently not being enforced or carried through with before now.
I thought what’s taxed is the interest on the savings?