When I Retire Will My Social Security Be Reduced Because of Student Loans?

Huffington Post Reader Question

Dear Steve,

I took out Parent Plus loans for both of my children while they were in school. Each of them also have unsubsidized student loans which they are paying off. Once both children were out of college, I consolidated the Parent Plus loans into one and have been paying them regularly for the past 10 years.

I am 63 and was wondering if the consolidation loans are not paid off by the time I reach my full Social Security age (66), will it affect the amount of Social Security I receive?

Tracey

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Dear Tracey,

It would seem you may have elected a reduced or graduated repayment plan on the consolidated student loans. Under a standard repayment plan they’d be paid off after ten years.

The only way the consolidated federal student loan would reduce the amount you’d receive from Social Security would be if you defaulted on the loan and it eventually went into an administrative wage garnishment. In that case the U.S. Government may also attempt to intercept any tax refund you might be owed each year.

But you appear to be a long way from those negative outcomes. In fact, when you do retire and your income is reduced, you might want to consider enrolling in an Income Contingent Repayment Plan (ICR) where your student loan payment will be potentially reduced and more affordable based on your retirement income. The ICR is the program available for consolidated PLUS loans. For more on that, see this.

The downside to this approach is it will extend the loan out further but the advantage is the payment will be reduced to fit in your future income.

So the bottom line is your Social Security will not be reduced because of the outstanding student loan payment.

Before I go I wanted to leave you with three easy action items you jump on right now to address your situation. Just click here.



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Do You Work with a Credit Hog?

You know, someone who withholds recognition of your contribution to the team or organization’s success? Even worse do you work with or for someone who steals your ideas or takes credit for the performance of your products/projects? If you do, you probably feel unjustly treated and deprived, as this person claims credit they do not deserve. It’s theft!

When someone you work with steals the credit for a success that you created, they’re committing the most rage-inducing interpersonal “crime” in the workplace. (This is the interpersonal flaw that produces more negative emotion than any other in my feedback interviews with the stakeholders of my coaching clients.) And, it creates a bitterness that’s hard to forget. You might be able to forgive someone for not recognizing your stellar performance. But it’s really hard to forgive someone for recognizing it and brazenly claiming it as his or her own!

Let’s turn the tables. Imagine you’re the perpetrator rather than the victim. Have you ever claimed credit that you didn’t deserve? Most of us have to at least a slight degree. When it comes to determining exactly who came up with a winning phrase in a meeting or exactly who on the team was responsible for holding an important client relationship together during a rocky phase, the evidence gets fuzzy. It’s hard to say exactly who deserves the credit.

Given the choice between grasping the credit for ourselves or leaving it for someone else to claim, many of us will claim more credit than we have earned, and slowly begin to believe it! All the while, the victims of our injustice are seething. You know how you feel as a victim, and you should know how people feel about you for doing the same.

There’s no telling what a group can achieve when no one cares who gets the credit. We know this in our bones. We know it because we remember how good we felt about our colleagues when they accorded us the credit we deserved.

So, why don’t some people reciprocate when someone else deserves the credit? I’m not sure. It could be their upbringing, their need to win, their need to be right. It doesn’t really matter. In life, the best thing to do is be the person that you want to be in the world. If you feel the urge to retaliate with hogging the credit, do the opposite. Share the wealth.

Not sure if you have the credit hogging bug? Start with this simple drill. For one day, make a mental note of every time you privately congratulate yourself on an achievement, large or small. Then write it down. If you’re like me, you’ll find that you pat yourself on the back quite a lot! For me, I celebrate for everything from coming up with a big idea for a client to showing up on time for a meeting to dashing off a clever note to a colleague. There’s nothing wrong with these private thoughts. This pleasure in our own performance is what keeps us motivated, especially on long, arduous days.

You’ve made your list. Now, take apart each episode and ask yourself if it’s in any way possible that someone else might deserve the credit for “your” achievement. If you showed up on time for a meeting across town, is it because you are heroically punctual and thoughtful? Or is it because someone or something reminded you about the meeting? If you came up with a good idea in a meeting, did it spring unbidden from your imagination? Or was it inspired by an insightful comment from someone else in the room. And so on…

As you go through your list, consider this make-or-break question: If any of the other people involved in your episodes were looking at the situation, would they accord you as much credit as you are claiming for yourself? Or would they hand it out to someone else, perhaps even themselves?

Every one of us has a strong bias to remember events in a light that is most favorable to us. This drill exposes that bias and makes us consider the possibility that someone else’s perspective is closer to the truth.

* * *

Please view the Marshall Goldsmith Thinkers50 Video Blog. The next video in the series Coaching for Leadership: Rewards and Recognition accompanies this article. I’ll post these blogs once a week for the next 50 weeks. The series will incorporate learnings from my 38 years of experience with top executives, as well as material from my previous research, articles and books, including What Got You Here Won’t Get You There, MOJO, Coaching for Leadership, and Succession: Are You Ready? The blogs will also include material from my exciting new research on engagement and my upcoming book Triggers (to be published by Crown in 2015).

Senate Democrats Demand A Clean DHS Funding Bill

WASHINGTON — It’s (even more) official: A bill to fund the Department of Homeland Security that also goes after President Barack Obama’s executive actions on immigration isn’t getting through the Senate.

The entire Senate Democratic caucus signed a letter Tuesday afternoon to Majority Leader Mitch McConnell (R-Ky.) expressing support for Minority Leader Harry Reid (D-Nev.), who has called for a “clean” bill to fund DHS — meaning one that has no riders attached, including the legislation approved earlier this month in the House.

“The House bill cannot pass the Senate,” Democrats wrote in the letter, which was first reported by Politico. “Democratic Leader Harry Reid has called for a clean funding bill for the Department of Homeland Security. The President has also made clear that he will veto any bill that expressly limits his authority to exercise prosecutorial discretion on immigration matters. While we agree our current immigration system needs comprehensive reform, including border security enhancements, this appropriations bill is not the place for this debate.”

In December, Congress approved funding through the end of the fiscal year for every department except DHS, which was funded only until the end of February. That decision was made because Republicans hoped to use the DHS bill to block policies advanced by the president that could allow up to 5 million undocumented immigrants to remain in the U.S. temporarily and work legally. Republicans say the executive actions were unconstitutional and an overreach of Obama’s authority.

The House’s DHS funding bill passed on Jan. 14, and McConnell told reporters on Tuesday that the Senate will take it up when they finish work on legislation authorizing the Keystone XL pipeline. He said they aim to finish on Keystone this week.

Although Republicans have a majority in the Senate, they would need six Democrats to join them in supporting the bill to get the 60 votes needed to move forward. Even if the bill did pass the Senate, Obama has said he would veto it, and there do not appear to be enough votes in either chamber to override a veto.

Speaking at a press conference Tuesday morning, House Speaker John Boehner (R-Ohio) declined to say what the House would do if the Senate did not pass its DHS funding bill.

“There’s no reason for me to speculate about what we will or won’t do,” said Boehner. “At this point, it’s up to the Senate to act, and I expect that they will soon.”

The Impenetrable Bond of a Sister's Love: Exposing a Potential Fatal Flaw in Breast Cancer Screening

It was both heartbreaking and heartwarming to witness a sister’s profound grief at the passing of my husband’s 91-year-old Aunt Emma this past month. Aunt Emma was born when her sister, Theresa, was fourteen months old. Growing up, surrounded by six brothers, Theresa and Emma developed into inseparable friends, spanning nine decades. They created a century of memories, witnessing good times and bad, births and deaths, wars and peace, rations and abundance, even living together in their later years after their spouses passed on.

Throughout the two days of services, I affectionately observed Theresa’s palpable loss, the immense pain triggered by love, as without love there can be no grief. While heart wrenching to watch, I was in awe of the impenetrable bond of a sister’s love, which upon death lives on, chronicled by their families.

Sharing a small bedroom as children, my sister Angela and I never fought or even had a minor disagreement. We were happy when either succeeded; after all, we were sisters. I recall being delighted when Angela, with our mother intently watching her girls tap the black and whites, was honored with the coveted prize at our piano recital. When I received the MVP trophy from the Women’s Softball League, my sister, a right-fielder, was overjoyed. We watched each others backs, which was welcomed during family challenges; the top billing was our devoted dad’s death when we were teenagers.

As adults, our caring sisterhood continues. During my treatment for advanced-stage breast cancer, Angela, taking time from her business, made the inconvenient two-hour drive to join me at several of my chemotherapy sessions with her delicious freshly made goodies in tow to share with my chemo club members.

One of the side effects of my chemotherapy treatment was painful ulcers that formed on the inside lining of my mouth. Eating was troublesome. I resorted to preparing my daily sustenance for a toddler’s consumption. One Saturday morning, I had this insatiable craving for chicken soup, envisioning the soothing feeling of chicken, vegetables and broth gliding down my throat with ease. Within minutes, my sister called to report that she was on her way to drop off a pot of chicken soup that she concocted that morning. She knew what I needed without my asking — the result of my sister’s impenetrable and discerning love.

According to AreYouDense.org, Ohio resident Anne Gates, along with her six sisters and four brothers, received an email after sister, Chris, was diagnosed with stage IV breast cancer, after a series of normal mammograms. Chris reported:

My surgeon told me my mammogram was inconclusive and the report would have been a ‘happy gram’ that all is well, if it hadn’t been for the lump I could feel. I never had a doctor tell me I have dense breasts until now. So make sure you and your girls know to ask if they have dense breasts and ask for other screening techniques. There is a website dedicated to this called AreYouDense.Org. Make sure everyone you know asks if they have dense breasts and demand additional screening.

Chris’ story is all too common as dense tissue is a barrier to mammography ‘seeing’ cancer as dense tissue appears white on X-ray and so does cancer — it’s like looking for a polar bear in a blizzard. The evidence of the lack of sensitivity of mammography for women with dense breast tissue has been accumulating since the early days of the technology. Research for two decades conclude that mammography misses roughly every other cancer in dense breasts.

Tragically, Chris at the age of 53 died on January 23, 2013, leaving her husband Doug and three daughters to wonder if their lives could have been altered if Chris knew about the impact of dense breast tissue on missed, delayed and advanced stage cancer.

It was Chris’ own words that inspired her sister Anne to advocate for density reporting legislation in their resident state of Ohio. Anne was embarking on a new journey which was foreign to her, the political culture of breast density reporting legislative advocacy. Motivated by a sister’s love, Anne relentlessly pursued the empowerment of breast density information,unknown to Chris and her sisters, to potentially reduce a late-stage diagnosis. Throughout the two-year session, Anne initiated innumerable contacts with legislators and committee members, participated in meetings and conference calls with the sponsor of the legislation, her Senator John Eklund, prepared materials to garner support of the bill, contacted cancer organizations, health care providers, and physician trade organizations for support of the legislation and traveled three hours one-way to testify at the Capitol.

Anne’s laser-like focus to honor her sister with a density reporting law was all consuming. At last, after nearly three years, on December 20, 2014, the Ohio density reporting law was signed by Governor Kasich making Ohio the 20th state to report density to a patient through her mammography report. “While Chris’ life was stolen by breast cancer, there is some comfort in knowing that other women, including her three daughters, will have the benefit of knowing what neither she nor I, nor countless others were never told, that mammograms alone are unlikely to find cancer in dense breast tissue,” declares Anne.

Another sister, Kathleen, is advocating for the Washington State density reporting bill. Kathleen testified at the Public Hearing last session, but the bill never made it to the House floor for a vote. Kathleen’s back to honor her sister’s memory as a bill has been reintroduced this session. A sister’s love continues.

Chris (bottom left) Ellen, Mary, Pat (top) Rosemary, Judy, Kathy, Anne 2015-01-25-chriswithsisters.jpg

What Affluent Renters Consider Before Securing a High-End Summer Home in the Hamptons

It’s imperative to realize that the east end of Long Island is a massive place. It’s over 30 miles from Westhampton to East Hampton on the south fork and not that much shorter on the north fork between Riverhead and Orient. As a result, the experience of summering on Shelter Island as opposed to staying in Southampton is drastically different. The fact is that each community on the east end has its own unique offering of features that are “fabulous” to some and that represent “shortcomings” to others.

So, unless the renter completely understands the characteristics of each of the villages and hamlets that comprise the east end, the key to securing a great summer rental is to hire a real estate brokerage that has offices throughout the twin forks, which can help identify the renters’ wants, find a listing that satisfies those desires and then, can facilitate the signing of a lease.

Here are questions that affluent people answer before hiring a real estate brokerage on the east end of Long Island:

  1. Do you have a minimum required square footage for the house, both inside and out?
  2. How about a minimum number of bedrooms and bathrooms?
  3. Is a fenced-in property a necessity?
  4. Must the house be pet-friendly?
  5. What about a swimming pool, hot tub, tennis courts or even a basketball court on premises — are any or all of these a requirement?
  6. Must the house have a movie theater or, at least, a pool table, Ping-Pong table or recreation room?
  7. What about your thoughts on proximity to the water and if you want to be waterfront–are you thinking, pond, river, bay or ocean?
  8. Should there be a deep-water dock with bulkheading for boating as part of your rental, or do you need a sandy beach to lie upon?
  9. Are you particular as to an architectural style and if so, what do you love?
  10. Is serene seclusion your vision for your summer paradise or do you see yourself active in a village with access to shops, restaurants and wineries?

The number one most important question to ask is, “does this house require a rental permit and, if so, can I have a copy?” Tenants and landlords in many communities on the east end of Long Island are subject to fine and/or imprisonment for occupying a rental without a permit.

Next, check the local town/village code to know the minimum rental term permitted within its borders (i.e., rentals of 14 days or less are illegal, as transient rentals, in the Town of Southampton). All local codes can be accessed online (generalcode.com).

Landlords must understand that the definition of “right people” cannot be derived from stereotyping the prospective tenants’ demographic profile. Many landlords are unaware that they have no right to pick a tenant based upon any aspect of the tenant’s profile, which pertains to a protected class. In Suffolk County the protected classes are race, creed, color, sex, gender, disability, religion, familial status, national origin, alienage/citizenship, marital status, sexual orientation, source of income and age.

Landlords need to understand that asking questions of a tenant, or even of their own broker, that relate to any of these protected classes can result in the landlord being sued for discrimination. In fact, disallowing children in a rental is a misdemeanor in the State of New York. Therefore, the definition of the “right people” for the summer is only defined by a matrix that works for the landlord in terms of rental payment, security offering and duration of lease. Tenants who think that they are being discriminated against can call the Suffolk County Division of Human Rights at 631-853-5480.

Adapted from this Dan’s Papers post.

Greek PM Alexis Tsipras Unveils Cabinet Of Mavericks And Visionaries

Greece’s prime minister, Alexis Tsipras, has lined up a formidable coterie of academics, human rights advocates, mavericks and visionaries to participate in Europe’s first anti-austerity government.

Warren Hill Faces Execution Despite Numerous Claims He's Intellectually Disabled

His lawyer said every doctor who’s ever examined him has determined Warren Hill is intellectually disabled, but tonight, unless the Supreme Court intervenes, the Georgia death row inmate will be executed.

On Tuesday morning, the Georgia Board of Pardons and Paroles denied Hill’s request for clemency.

“The clemency board missed an opportunity to right a grave wrong. It is now up to the U.S. Supreme Court to ensure that an unconstitutional execution of a man with lifelong intellectual disability is prevented,” Hill’s lawyer, Brian Kammer, said in a release. “Mr. Hill’s disability means that he has the emotional and cognitive functioning of an 11-year-old boy.”

Every medical expert who has examined Hill, including three experts who originally testified for the state, now say Hill is intellectually disabled, according to the release.

The Supreme Court has ruled it is unconstitutional to execute inmates who are intellectually disabled.

In a news release announcing its decision, the board did not explain its reasoning behind denying Hill’s request.

“In reaching its decision, the Board thoroughly reviewed all information and documents pertaining to the case,” the release said. “In addition to hearing testimony during the meeting on Monday, the Board, prior to the meeting, had thoroughly reviewed the parole case file on the inmate which includes the circumstances of the death penalty case, the inmate’s criminal history, and a comprehensive history of the inmate’s life.”

Hill’s guilt is not in question. As the Los Angeles Times reported:

In 1986, he was sentenced to life in prison after shooting and killing his 18-year-old girlfriend, Myra Wright. Four years later, he used a nail-studded plank to bludgeon to death his cellmate, Joseph Handspike. A jury then sentenced him to death.

What’s at issue, and what Hill’s lawyers have asked the Supreme Court to consider, is whether Georgia’s state law that requires defendants to prove they are intellectually disabled “beyond a reasonable doubt” is constitutional.

“Last year, in Hall v. Florida, the U.S. Supreme Court examined the unscientific methods used by which the Florida courts determine whether defendants have intellectual disability so as to be ineligible for capital punishment,” Kammer said. “The court struck Florida’s statute down because it denied defendants a fair opportunity to prove whether they have intellectual disability.”

Kammer argues Georgia’s intellectual disability law is even worse than Florida’s.

“Only because Georgia, alone in the nation, insists on an unscientific and extreme burden of proof for intellectual disability claims, does [Hill] face death by lethal injection … unless the court intervenes,” Kammer said. “Mr. Hill’s execution cannot be permitted to proceed.”

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Clint Eastwood Is Unforgiven

I was introduced to Clint Eastwood via Philo Beddoe when Dad took us to the theater to see Every Which Way but Loose. I had not yet seen any Dirty Harry movies or even any episodes of Rawhide. So Philo was my first impression.

And it was a pretty accurate impression that represented most of Eastwood’s characters. He was always the average Joe who rose above his situation with an honest and sometimes brutal defiance. As Dirty Harry he portrayed the cop who refused to play by the rules and dealt with criminals with a vigilante mentality. And we loved it.

I couldn’t get enough of him. I became a huge Dirty Harry addict and, in fact, a fan of all his movies, even the not-so-good ones like The Gauntlet and Pink Cadillac.

In 1992, however, Clint Eastwood did something that moved him beyond idol status for me and elevated him into the annals of hero lore reserved only for a few people in history: he came out with Unforgiven. Taking a chance that America was ready for a more realistic view of human nature, he rolled the dice and came out a winner.

In Unforgiven, Eastwood tore down every stereotype that had plagued the silver screen since the beginning of time. The cowboy in the white hat, who was good in every sense of the word and in every aspect of life, facing the black-hatted villain who was the polar opposite, was not a concept to be found in this motion picture. In fact, we discovered that the bad guys were not really that bad, with one of them being perhaps the best person in the story, and the good guys were far from being commendable.

That movie still resonates with me because in reality, things are never black-and-white. There are always a million shades of gray — always.

Eastwood’s movies continued to amaze me from Million Dollar Baby to Grand Torino. Imagine an old white curmudgeon who comes to care for two young adults who were Hmong, and making the ultimate sacrifice to make sure they had a better life. I was absolutely blown away.

But, alas, as happens with many of our heroes in life, the pedestal has been broken and the lofty perch has come crashing to the ground. With his last movie, American Sniper, Eastwood has foregone the courageous reality of human nature and even the attempt to come to understand a foreign people.

This is not to take anything away from the accomplishments of Chris Kyle. To be a Navy SEAL is in itself incredible. To be the sniper with the most confirmed kills is an astonishing feat to be respected if not admired. Kyle deserved all the success from his book and his life deserves to be made into a movie.

But I would have preferred to see the real Chris Kyle, the one he told us about himself in his book. His hat was not entirely white, nor did he try to paint a false picture of who he was. In short, he was not dishonest about his feelings about killing people, so why did Eastwood feel the need to be?

In Kyle’s book, he explains that he loved his job as a sniper. He loved killing people and wished he could have killed more. He even explained that although he did not do this, he wished he could have killed everyone carrying a Koran. And while these things might not make his character appealing to some people, you have to respect the honesty.

Clint Eastwood did not respect it. The man who took a chance making ground-breaking movies in the past that disposed of the classic good guy/bad guy scenarios; that delved into the contaminated reality of human nature to show us a more unmarred view of the world — that man sold out. He reinvented Christ Kyle to be a soldier heavily burdened by his duty. After all, we can’t have a hero who enjoys killing, even killing bad guys. He even invented a guy to don the black hat to complete the black-and-white illusion.

You could hardly argue with the results. In fact, you could say that he is laughing all the way to the bank as the movie continues to set records. From an entrepreneurial vantage point, you could call it a tremendous triumph.

And he was successful in making Kyle the greatest American hero in modern times, so much so that anyone who says anything negative about the movie is quickly pounced upon by fast-food patriots. Even Seth Rogen’s seemingly harmless comparison to the movie within the movie of Inglorious Basterds has been met with an incredible backlash, like the one from Dean Cain for example. After reading Cain’s tweet, I had the same thought as a lot of people: “Dean Cain’s still alive?”

It is people like Cain, and there are literally millions, perhaps hundreds of millions, in this country who I refer to as fast-food patriots. You don’t have to be a decorated sniper, or even serve your country in any way whatsoever, just be ready to pounce when someone even remotely says or writes something less than complimentary about this movie or about this war in general. It’s an easy and surefire way to make a few brownie points with the public.

The way I see it, however, is that any negativity should not be aimed at anyone who expresses their opinion about the movie that doesn’t coincide with the masses; it should be directed at the one who set us all up for these confrontations – Clint Eastwood.

Chris Kyle is a hero just like all of the members of the armed forces who did their parts, large and small, in a conflict where they fulfilled their oaths and did their duties. We don’t have to make up stories about who they were as human beings. We don’t have to make them physics professors, saints, great dancers, jugglers, organ donors, or whatever. They are heroes for doing their duty — period.

That’s how we pay our respects to them. Clint Eastwood did not even try. And that, to me, makes him unforgiven.

The Blizzard of '78

So Winter Storm Juno is upon us. Or is it #BlizzardOf2015? Whatever we call it, it cannot possibly compete with The Blizzard of ’78, the legendary Nor’easter of my childhood that shut down all of New England for a week. Yes, this 2015 snowfall may close the schools and strangle commuters, but The Blizzard of ’78 had something that this storm can’t match: A Freezy Headache* unsurpassed in history.

The Blizzard of 78 by Tom Shillue from Tom Shillue on Vimeo.

*For purposes of clarity, a Freezy Headache is a Boston-area** regionalism which in some areas of the U.S. is called a “brain freeze” or even an “ice-cream headache.”)

**it is quite possible that this regionalism is limited to the town of Norwood, Massachusetts, or perhaps just the neighborhood on the corner of Lincoln and Prospect St.

Melissa McCarthy, Kristen Wiig, Kate McKinnon & Leslie Jones Might Be Your New Ghostbusters

The all-female cast of the “Ghostbusters” reboot has reportedly been chosen. The Paul Feig reboot has been buzzed about for months and now The Hollywood Reporter has learned that Melissa McCarthy has officially signed on. (She was reportedly in negotiations earlier this month.) But that’s not all: According to THR, Kristen Wiig and “SNL” stars Leslie Jones and Kate McKinnon are now in negotiations for their parts. The film is scheduled to start shooting this summer.

Representatives for the actresses did not return HuffPost Entertainment’s immediate request for comment. Feig, however, tweeted the following photo just before the THR story posted:

The director, whose credits include “Bridesmaids” and “The Heat,” confirmed that he would take on the new “Ghostbusters” film for Sony back in October. (Feig announced that he would write it with “The Heat” scribe Katie Dippold.) In an interview with EW.com, Feig explained his direction for the movie: “I love the first one so much I don’t want to do anything to ruin the memory of that. So it just felt like, let’s just restart it because then we can have new dynamics.”

A third “Ghostbusters” project had been in development at Sony for years and original director Ivan Reitman had previously been attached. When “Ghostbusters” star Harold Ramis died last year, Reitman bowed out from directing duties.