The Press-Dispatch

November 27, 2019

The Press-Dispatch

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A-8 Local Wednesday, November 27, 2019 The Press-Dispatch Social Security Matters Does paying payroll tax increase my benefit? Stop By for a Buying Experience! TUESDAY NOV 26 8AM 7PM THANKSGIVING CLOSED WEDNESDAY NOV 27 8AM 7PM SATURDAY NOV 30 8AM 4PM FRIDAY NOV 29 8AM 4PM SALES: Monday-Friday 8am-7pm, Saturday 8am-4pm SERVICE: Monday-Friday 7am-5:30pm, Saturday 8am-Noon ROUTE 15 • MT. CARMEL 618-262-5161 OR 1-800-922-8865 CREDIT PROBLEMS? We can help! All payments include tax, title, license and DOC with approved credit. All sale prices exclude tax, title, license and DOC. All new vehicle prices include all available incentives including option package savings, sub-prime rebates, financing options, trade assistance, loyalty incentives, Conquest, Farm Bureau, etc. $ZERO DOWN FINANCING 40+ TRUCKS 60+ SPORT UTILITIES GIANT TRADE ALLOWANCES See All the Gobblin' Good Deals at GIANT DISCOUNTS ON NEW IN STOCK NEW 2019 FORD Stk#18782 Overstocked with More Than 300 PRE-OWNED BARGAINS YOUR SOUTHERN INDIANA SOUTHERN ILLINOIS SMALL TOWN AUTOMOTIVE GIANT F-150 XLT SUPER CREW 70+ VEHICLES $ 79- $ 199/MONTH WITH APPROVED CREDIT 2012 NISSAN VERSA Power Equipped. Local Trade. Stk#18685B $ 151 18 or only $ 6,900 /MO $ 0 DOWN 60 MONTHS 6.25 APR 2011 CHRYSLER 200 TOURING Moonroof, Local Trade. Stk#18565A $ 128 45 or only $ 5,800 /MO $ 0 DOWN 60 MONTHS 6.25 APR 2010 FORD F-150 XLT SuperCab, 4x4, Only 64,XXX Miles. Stk#18937A $ 321 56 or only $ 16,900 /MO $ 0 DOWN 66 MONTHS 5.25 APR 2001 FORD F-150 LARIAT Extended Cab, 4x2, Local Trade. Stk#19030A $ 140 85 or only $ 6,400 /MO $ 0 DOWN 60 MONTHS 6.25 APR 2000 CHEVY SILVERADO C1500 Ext. Cab, 4x2, Local Trade. Stk#18808B $ 130 51 or only $ 5,900 /MO $ 0 DOWN 60 MONTHS 6.25 APR 3/4 TON, 4X4, CREW CAB, GAS & DIESEL TRUCKS CERTIFIED 2019 DODGE GRAND CARAVAN GT Power Doors, Power Heated Leather Seats. Stk#18795A $ 358 26 or only $ 23,600 /MO $ 0 DOWN 84 MONTHS 4.80 APR CERTIFIED JEEP CHEROKEE LATITUDE+ Leather, Just Arrived! $ 288 15 or only $ 18,900 /MO $ 0 DOWN 84 MONTHS 4.80 APR 4 TO CHOOSE FROM! Starting at 6 AVAILABLE 2016 LINCOLN MKX RESERVE AWD, Moonroof, Only 18,XXX Miles. Stk#18838A 2017 LINCOLN MKC RESERVE Moonroof, Only 13,XXX Miles. Stk#18879A $ 28,500 $ 32,500 BLACK FRIDAY PRICE BLACK FRIDAY PRICE 2018 TOYOTA COROLLA LE Power Equipped. $ 223 87 or only $ 13,900 /MO $ 0 DOWN 78 MONTHS 4.30 APR 2017 CHRYSLER 200 LX Sport Appearance Package, Local Trade. Stk#18726A $ 239 51 or only $ 14,900 /MO $ 0 DOWN 78 MONTHS 4.30 APR 2015 DODGE JOURNEY CROSSROAD Moonroof, One-Owner. Stk#18969A $ 208 42 or only $ 11,900 /MO $ 0 DOWN 75 MONTHS 5.80 APR 2014 BUICK LACROSSE Moonroof, Leather, Chrome Wheels, Only 42,XXX Miles, Local Trade. Stk#18998M $ 254 60 or only $ 14,900 /MO $ 0 DOWN 75 MONTHS 5.20 APR 3 TO CHOOSE FROM! Starting at 2011 DODGE CHALLENGER R/T Only 10,400 Miles, Leather, Moonroof, Navigation, Orange, Extra Nice! Stk#18993A $ 20,900 BLACK FRIDAY PRICE SUPER SALE NOV. 19 NOV. 30 Gobblin' Good Happy Holidays! $13,000 SAVE UP TO RAM TRUCKS $13,000 SAVE UP TO FORD F-150 $7,500 SAVE UP TO DODGE JOURNEY $7,500 SAVE UP TO JEEP RENEGADE $6,500 SAVE UP TO JEEP CHEROKEE Stk#18926 SALE PRICE MSRP $ 26,760 NEW 2019 JEEP RENEGADE LATITUDE HEATED SEATS $ 19,260 Stk#18497 SALE PRICE MSRP $ 26,995 NEW 2019 JEEP CHEROKEE LATITUDE ALLOY WHEELS $ 20,495 SAVE $6,500 SAVE $7,500 Stk#18851 SALE PRICE MSRP $ 27,975 NEW 2019 DODGE JOURNEY SE THIRD ROW SEATING $ 20,495 SAVE $7,500 $ 35,670 4X4 $13,000 WOW! SAVE BLACK FRIDAY PRICE NEW 2019 RAM $ 31,975 Stk#18318 1500 EXPRESS CLASSIC 4X2 CREW CAB HEMI $11,000 WOW! SAVE BLACK FRIDAY PRICE MSRP $ 42,975 MSRP $ 48,670 GIANT BLACK FRIDAY CLEARANCE PRICES! EMPLOYEE PRICING for everyone ON ALL NEW JEEP, CHRYSLER, DODGE AND RAM MODELS Open Black Friday 8am-4pm! PRIVATE MEDICAID ROOMS AVAILABLE SOON Call for information 812-354-8833 Enhancing Lives Through Innovative Healthcare ™ 309 W. Pike Ave., Petersburg Dubois Co. Museum upcoming events Sunday, December 1, 2 p.m., Christmas Carols by Singing Seniors. Everyone is welcome to come hear the sounds of the season and sing along with this merry group of singers from The Habig Center. Refreshments served. O'Tannenbaum Days are December 6 -8. Step inside a magic holiday dream space where fifteen Christmas trees will be transformed this year into special Com- munity showcases by the local county communities. The Museum elves will also make the museum exhib- it areas sparkle for Christ- mas with numerous decora- tions and the setting out of a display of the large Santa Collection gifted to the mu- seum by Kay Smock. And don't miss the Doll houses, made by Ron and the late Le- la Greubel, on display. Such delicate work involved in each setting. Saturday, Dec. 7, 9 a.m. Breakfast with Santa and at 2 p.m. Violin Concert by The Strings, Inc. Sunday, Dec. 8, Doors open at 1 p.m. Beginning 1:30 p.m. Showing of "A Charlie Brown Christmas" with free popcorn and re- freshments. Activities will be available after the movie: make a Christmas craft, par- ticipate in a Christmas Tree Scavenger Hunt. Activities with a German theme. Saturday, Dec. 14, 10 :30 a.m. Storytime at the Dubois County Museum sponsored by the Optimist Club of Jas- per. Theme is Holiday Cook- ies. Stories read by Carrie Holdsworth, crafts and ac- tivities, cookies to enjoy. Saturday, Dec. 14 from 10 a.m. to 2 p.m. and Sunday, Dec. 15, from 1-3 p.m. Cook- ie Walk. Sunday, Dec. 15, from 1-4 p.m. Mrs. Claus visits. Dubois County Museum 2704 N. Newton Street, Jas- per will be closed for the hol- idays on December 24, 25, 31 and Jan. 1. Return to nor- mal hours on Friday, Dec. 27 from10 a.m. to 2 p.m., Sat- urday, Dec. 28 from10 a.m. to 4 p.m. and Sunday, Dec. 29 from 1-4 p.m. Closed on Monday, Dec. 30. Girl Scout Troop 483 donates to troops in Iraq Girl Scout Troop 483 finished their First Aid badge by making First Aid kits. The First Aid kits assembled by scouts and others kits donated will be sent overseas to our troops serving in Iraq. Pictured are Chloe Howard, Ebony Mason and Zoey Haycraft. Dear Rusty: A fter losing my job of 31 years in 2013 at 63 years of age, I decid- ed to start draw- ing my Social Se- curity benefits. In 2015 I started a part-time job, which I still have. In January 2020 I will fully retire. I have been pay- ing Social Security taxes for the last four years with- out receiving any increase in my Social Security bene- fit amount. Can I therefore claim an increase in bene- fits, or even a refund of those taxes? If not, is there any- thing that I can do? Signed: Overtaxed Senior. Dear Overtaxed Se- nior: I'm afraid it doesn't work that way, nor is there anything you can do to get either an increase in your benefit amount from (or a re- fund of ) those FICA payroll tax contributions you made to Social Security while you were working and also col- lecting Social Security ben- efits. Everyone who works and earns–even those who are collecting Social Secu- rity benefits–must pay the Social Security FICA payroll tax. But paying that payroll tax doesn't entitle you to a benefit increase. The FICA tax you pay doesn't get cred- ited to a personal account for you; rather it goes into the Social Security general fund to help pay benefits to all current beneficiaries. Social Security's basic premise since inception in 1935 is that current work- ers pay for current bene- ficiaries. Today, there are about 175 million workers contributing to pay benefits to over 63 million beneficia- ries. And actually, the ratio of workers to beneficiaries has been declining for years, which is largely responsible for Social Security's current financial issues. For exam- ple, in 1950 there were about 16.5 workers for each Social Security beneficiary; today there are about 2.4 workers per beneficiary. As I said, everyone who works and earns must pay the Social Security FICA tax, but the FICA taxes you pay do not increase your benefit and there is no re- fund of FICA taxes for those already collecting Social Se- curity benefits. Once you claimed your So- cial Security bene- fit, the amount was set and will only change as a result of COL A (cost of living adjustment) increases, or if any of your current/re- cent earnings are more than any of the inflation-adjust- ed earnings in the 35 year lifetime work record used to originally compute your benefit. Social Security uses the highest earning 35 years in your lifetime work histo- ry (adjusted for inflation) to compute your benefit, and if you don't have earnings in at least 35 years they put in ze- ros to make a full 35 years. In that case, any current earn- ings you have would replace any zero earning years in your 35 -year history which would slightly increase your benefit. But except for those circumstances, your bene- fit won't change simply be- cause you are paying Social Security FICA payroll taxes while you are working. Think of it this way: The Social Security benefits you are now receiving are being paid for by those Americans currently working, and that will continue even after you retire completely in January. And, you'll continue to get those Social Security bene- fits for the rest of your life, from the payroll taxes paid by those still working.

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