vpFREE2 Forums

Social Security & W2G

In a message dated 11/28/2007 8:25:08 A.M. Pacific Standard Time,
Reyer@aol.com writes:

I should clarify my previous post on this. The increased AGI does not
impact The SS benefit. It impacts the Medicare Part B. Medicare Part
B DEDUCTION for the premium goes up based on income.

....................
OK. Now I understand why income tax was mentioned. It's odd that Medicare is
tax sensitive but SS is not. When I filed for SS at age 62 there were no
questions about my tax returns. SS goes on gross income. A W2G goes to SS and is
considered gross income. At age 63 [which is I'm sure a lot younger than some
but not as old as most] I'm at the max gross income for this year so have to
avoid fifty cent and dollar plays [yes grinding quarters is hard work and I
have to stand by as a team burns down a play I'd like to do. Same players
same seats with relief players. Com'on guys at least change seats. I know it
won't be there on Jan 1st]

Now... where was I? Oh, if you are about to file at age 62 you gotta have a
birth certificate or a copy from the county were you were born and don't say
you're exempt because of being born under the Imperial Palace in the Flamingo
Wash tunnel.

[The following is for those of you who have to actually make a personal
visit to SS to file]

Now@ I mean ! Here's the most important tip of your old life. When you are
inside the SS building and waiting to be called to the window to present your
birth certificate or copy of it do the following: When your number is called
and let's say you are in peak condition from all the sprouts and email
vitamins etc. DO NOT spring up out of your chair with a smile and walk quickly to
the window while singing "I feel good da da da da da dat". I did that.... The
lady behind the window who hates all old people and especially old people
who don't look old or act old made a copy of my birth certificate but threw it
away. Limp to the window with a frown. Imagine you're Harry Porter, I don't
know, wear a fake foot cast too.
Drain
p.s. I had the wrong expression and cadence because maybe I rode my bicycle
from near Sam's Town to my Henderson office which is up the hill a couple
blocks from St Rose Pky and Eastern. You know how on the winners stand the Tour
de France bicycists look not even tired after like 21 days of 6 hrs a day
racing, CONDITIONING. I was actually ready to complain about no bicycle parking
until I realized where I was.

**************************************Check out AOL's list of 2007's hottest
products.
(http://money.aol.com/special/hot-products-2007?NCID=aoltop00030000000001)

[Non-text portions of this message have been removed]

I think this has been clarify. Interestingly I would not have
been as interested a few days ago. Yesterday I received a letter
from the Social Security Admistration. It stated:

"Your 2008 Medicare Part B premium incluudes:
  $96.40 for the standard Medicare premium, plus
  any surcharge you may owe for late enrollment, plus
  $25.80 for the income-related monthly adjustment amount
  based your 2006 income tax return.
We compareyour MAGI with the income thresholds set by Medicare
law."

  This adjustment was due to W2G's in 2006. Maybe all letters
have just been sent and why this topic came up! Not a plesant
surprise!

  It also says "MAGI may include one-time only income, such
as capital gains, the sale of property, withdrawals from an
Individual Retirement Account (IRA) or conversion from a
traditional IRA to a Roth IRA. One-time income will affect
your medicare Part B premium for only one year".

  I had none of the above. Obviously, it failed to mention
W2G's in this paragraph but, that is what happened in my case!
You might have net losses, for the year but this is what can
happen!

  I think Brad and Jean might noiw get an adjustment in 2009!

Bob

In a message dated 11/28/2007 8:25:08 A.M. Pacific Standard Time,
Reyer@... writes:

I should clarify my previous post on this. The increased AGI does

not

impact The SS benefit. It impacts the Medicare Part B. Medicare

Part

B DEDUCTION for the premium goes up based on income.

....................
OK. Now I understand why income tax was mentioned. It's odd that

Medicare is

tax sensitive but SS is not. When I filed for SS at age 62 there

were no

questions about my tax returns. SS goes on gross income. A W2G goes

to SS and is

considered gross income. At age 63 [which is I'm sure a lot younger

than some

but not as old as most] I'm at the max gross income for this year

so have to

avoid fifty cent and dollar plays [yes grinding quarters is hard

work and I

have to stand by as a team burns down a play I'd like to do. Same

players

same seats with relief players. Com'on guys at least change seats.

I know it

won't be there on Jan 1st]

Now... where was I? Oh, if you are about to file at age 62 you

gotta have a

birth certificate or a copy from the county were you were born and

don't say

you're exempt because of being born under the Imperial Palace in

the Flamingo

Wash tunnel.

[The following is for those of you who have to actually make a

personal

visit to SS to file]

Now@ I mean ! Here's the most important tip of your old life.

When you are

inside the SS building and waiting to be called to the window to

present your

birth certificate or copy of it do the following: When your number

is called

and let's say you are in peak condition from all the sprouts and

email

vitamins etc. DO NOT spring up out of your chair with a smile and

walk quickly to

the window while singing "I feel good da da da da da dat". I did

that.... The

lady behind the window who hates all old people and especially old

people

who don't look old or act old made a copy of my birth certificate

but threw it

away. Limp to the window with a frown. Imagine you're Harry Porter,

I don't

know, wear a fake foot cast too.
Drain
p.s. I had the wrong expression and cadence because maybe I rode my

bicycle

from near Sam's Town to my Henderson office which is up the hill a

couple

blocks from St Rose Pky and Eastern. You know how on the winners

stand the Tour

de France bicycists look not even tired after like 21 days of 6

hrs a day

racing, CONDITIONING. I was actually ready to complain about no

bicycle parking

until I realized where I was.

**************************************Check out AOL's list of

2007's hottest

products.
(http://money.aol.com/special/hot-products-2007?

NCID=aoltop00030000000001)

···

--- In vpFREE@yahoogroups.com, DRAlNBRAMAGE@... wrote:

[Non-text portions of this message have been removed]

At age 63 [which is I'm sure a lot younger than some
but not as old as most] I'm at the max gross income for this year

so have to

avoid fifty cent and dollar plays [yes grinding quarters is hard

work and I

have to stand by as a team burns down a play I'd like to do.

Time to get a mailorder-bride/handmaid/protege?

···

--- In vpFREE@yahoogroups.com, DRAlNBRAMAGE@... wrote: