erik998
Joined 11 years ago
Joined 11 years ago
I can also see a situation where the SSA recipient in 1940 was born in 1875. The recipient age 65 could have married someone very young for 10 years. That younger person could be on survivors benefits and continue receiving payments.
Here is an example: https://www.ssa.gov/history/idapayroll.html
On January 31, 1940, the first monthly retirement check was issued to Ida May Fuller of Ludlow, Vermont, in the amount of $22.54. Miss Fuller, a Legal Secretary, retired in November 1939. She started collecting benefits in January 1940 at age 65 and lived to be 100 years old, dying in 1975.
https://www.ssa.gov/pubs/EN-05-10084.pdf
https://www.ssa.gov/survivor/eligibility
So if in 1965 this retired person married someone age 18... Then that person at 18 never remarried. Could they end up in a situation where they receive survivors benefits from the original applicant?
The recent spouse would be born in 1947 and marry in 1965 for 10 years until their spouse's death... not have remarried or worked, then at age 60 in 2007, derive survivors benefits from original applicant?
I figured he learned some lessons from Digital Monetary Trust during late 1990's.
https://en.wikipedia.org/wiki/James_Orlin_Grabbe
https://www.hermetic.ch/crypto/kalliste/money1.htm
https://www.hermetic.ch/crypto/kalliste/money2.htm
https://page.math.tu-berlin.de/~kant/teaching/hess/krypto-ws...
His textbook "International financial markets" has some C++ code.
"What forbids us to tell the truth, laughingly?" — Horace, Satires, I.24.
https://www.youtube.com/watch?v=Jc335qIQZgg
https://math.illinoisstate.edu/actuary/faculty_staff/
https://math.illinoisstate.edu/krzysio/pass.html?_url=%2Fpas...
https://github.com/sismics/docs
It stores everything into postgresql... filesystems are ok but it can get out of hand.
I am trying to deploy on microK8s with helm3
https://sdirahandbook.com/self-directed-ira-investing/fund-s...
it is in section: Need to Know #1: Prohibited Transactions
https://www.nolo.com/legal-encyclopedia/what-is-par-value-st...
I think he went the route of his IRA's investment llc membership units being assigned a super large assignment of income distribution vs his initial investment.
just guessing...
What does not seem fair is that most people think you can only invest in stocks and bonds in an IRA. You go to a bank or brokerage to open an IRA account... They offer you mutual funds, etfs, stocks, bonds... not much else... No one ever tells you that you can do this a different way and invest in different ways... Why? It's just too complicated for most people...
https://trustprovident.com/self-directed-investing-in-a-limi...
Yes it does suck for the rest of us but if you have money you have good advisors that can construct this IRA and all of its transactions in a legitimate manner.
https://en.wikipedia.org/wiki/Harkness_table
The purpose of the small class size discussions and methods similar to Harkness is to teach children how to behave and interact in group discussion. You are taught mental poker with an authority figure and your cohort. I can see the value of this especially for children that will need to supervise their wealth once they become adults. It's a great way to prepare someone to supervise a family office.
I believe learning the short duration decision games and long duration meta game with professor and class inculcates people predisposed to lead and inspire/manipulate.
You need a physical setting to learn this on a daily basis over several years. Even if you are not good at it; if you recognize what is going on you won't waste time in dead end careers or partnerships with elites. That is very valuable...
It's kind of funny. When people ask me which college they should send their kid to, I always reply better to spend their money on one of these types of private high schools or boarding schools. One of these kids and a community college degree will still be better off than most... (most likely they will find a way to continue the credential game, so...)
Will the American oligarchy provide these opportunities to the general public? Never... it's costly and time consuming. They need people that submit to quarterly reviews, 0-5% raises, and tenuous year end bonuses.
Maybe we should have a FAFSA for high school...
"At Ardsley High School, Zuckerberg excelled in classes. After two years, he transferred to the private school Phillips Exeter Academy, where he won prizes in mathematics, astronomy, physics, and classical studies." [no coding classes, hmm?]
https://en.wikipedia.org/wiki/Phillips_Exeter_Academy
The facebook idea came from the booklet tey give each class with a picture of the student's face and location.
https://readwrite.com/2009/05/10/mark_zuckerberg_inspiration...
Many other founders went to similar schools. I was not aware of this until I did policy debate and met these types of students. They do live in a bubble and have no idea how to relate to the rest.
In fact, a good thing to do is always check the high school of these "founders." Check their curriculum...
When I see trade school students doing billion dollar startups, I will believe education is no longer a great equalizer. At the same time, I believe if you want to participate in the American oligarchy or compete with them, you need to become familiar with where they get their training.
It's not always the case but most times if you delve into their background you will find this to be the case.
What I mean is most FTE don't realize the other relationship is possible and at a certain compensation level preferable... It's the ignorance of our generation when most FTE don't realize instead of some equity vesting over 4 years they might have been better off with a cash balance defined benefit plan or pension plan with the maximum contribution.
We think we know best but fail to realize it could be better. We get caught up on the LC competition but fail to distinguish an optimal plan outside of the ones presented to us.
Would a union help? I think so... Would it take lots of explaining ... yes....
That’s why leading companies have come together to form a collaborative, voluntary community to reduce this risk – one that grows in importance as the economic environment becomes increasingly uncertain.
Lawsuits from Patent Assertion Entities (PAEs, sometimes called “patent trolls”) can be a drain on resources for any company. With software a primary PAE target, and software becoming an integral part of all industries — putting nearly all companies at risk of being sued.
That’s why leading companies have come together to form a collaborative, voluntary community to reduce this risk – one that grows in importance as the economic environment becomes increasingly uncertain.
https://www.ssa.gov/history/hfaq.html
https://www.ssa.gov/history/index.html
https://www.ssa.gov/history/operations.html
Early Operations Social Security Bulletin
Volume 1 - June 1938 - Number 6
ACCOUNTING OPERATIONS OF THE BUREAU OF OLD-AGE INSURANCE
Joseph L. Fay and MaxJ. Wasserman
Bureau of Old-Age Insurance. Mr. Fay is Chief of the Baltimore Accounting Operations Section and Mr. Wasserman is Chief of the Statistics Section. They were assisted by Edward O. Manning of the Statistics Section. https://www.ssa.gov/history/fay638.html