Senior Housing/Credit Problem

[Butterfly]

thank you for your reply, I have been looking on different government and senior sites. I saw places out of states that I could afford for seniors, but they won't even take co-signers or large deposits, I even offered 6 months in advance and a letter reference from my landlord of 20 years that I've been a good tenant and never once been late paying rent. I'm at a loss as too what to do with that? I will do what says someone suggested seek out a private owner. Take care

Is the problem that you are out -of-state, or have a bankruptcy, or otherwise don't qualify? I don't understand the problem you are talking about in this post.

I do think that California, where thins are so expensive, isn't the best place for a lower income senior. And what do you mean the govt is taking 30% of your pension? Is it garnishment?

 

[Patnono]

Is the problem that you are out -of-state, or have a bankruptcy, or otherwise don't qualify? I don't understand the problem you are talking about in this post.

I do think that California, where thins are so expensive, isn't the best place for a lower income senior. And what do you mean the govt is taking 30% of your pension? Is it garnishment?

Hi I filed bankruptcy. The 30% is not a garnishment, I get taxes taken out every time I withdraw from my IRA savings account.

 

[Patnono]

I get that you're looking for finite answers that are not forthcoming.

There are some employers who like to hire senior employees and/or people with limitations. Reading the AARP info, it seems a person has to be able to do some self-assessment. I know there are city, county, state and federal agencies who are there to help, but they aren't going to go out seeking new referrals; people have to go to them and ask for help.

Frustrating, I know.

Thank you for your support, I'm glad you understand my frustration. My boyfriend n kids seem to think that age descriminate is a myth? I have put applications at different types of businesses. They don't seem to believe me? I will try what someone told me to just speak to a store manager in person about a job.

 

[Smiling Jane]

Thank you for your support, I'm glad you understand my frustration. My boyfriend n kids seem to think that age descriminate is a myth? I have put applications at different types of businesses. They don't seem to believe me? I will try what someone told me to just speak to a store manager in person about a job.

Seems whenever your two daughters, the leaches, have an opinion you would be wise to believe the opposite. Don't know about the boyfriend but he doesn't seem to be much use either.

AARP has good information about senior hiring.

I've heard the home improvement centers like Lowes and Home Depot hire seniors, and I know I've seen older employees in those stores.

 

[Knight]

Hi I filed bankruptcy. The 30% is not a garnishment, I get taxes taken out every time I withdraw from my IRA savings account.

Is that 30% a combination of 20% due to a very large annual amount putting you in a high tax bracket plus 10% for early withdrawal? You posted somewhere in one of your posts you receive SSI. I'm pretty sure a lot of seniors would like to have the combo of SSI and the amount of money it takes to be taxed at 30%. No reason given for daughters living at home maybe since they aren't seniors and would not experience the same problems you are having, they could pay room & board to supplement your needs.

I question the 30% taken out because we've have 25% taken out of each of our various income sources to pay our federal taxes. The exception to that is the 85% Soc. Sec.

 

[Butterfly]

30% seems awfully high to me, as well, Patnono, are you getting SSI or Social Security? They are two VERY different things. Are you over 65? I doubt that it is really SSI if you have the assets to withdraw enough from them to hit the 30% tax rate. SSI is for very low income disabled folks and some very low income seniors. It is means tested, which means they check your income and assets before they award it to you. OR, could it be SSDI, which is disability from social security? Be aware that if your income is really SSI or SSDI, you stand to lose that if you get a job making more than a pittance and maybe if you get a job at all.

If I were you, the first thing I would do is go see someone at a local Senior Citizens' law office and see what you really have and what it means before you shoot yourself in the foot and can't recover.

Secondly, bankruptcy isn't a bar to renting, at least not around here it isn't. My sister has a bankruptcy and she has no problem renting. And yes, they checked her credit, and yes, the bankruptcy shows up. I also know a couple of other people who have bankruptcies which haven't prevented their renting. And the idea of not accepting a co-signor or a large deposit doesn't make sense from any angle. Are you sure you are understanding what is going on? Or is there something else in a credit or background check?

 

[Patnono]

30% seems awfully high to me, as well, Patnono, are you getting SSI or Social Security? They are two VERY different things. Are you over 65? I doubt that it is really SSI if you have the assets to withdraw enough from them to hit the 30% tax rate. SSI is for very low income disabled folks and some very low income seniors. It is means tested, which means they check your income and assets before they award it to you. OR, could it be SSDI, which is disability from social security? Be aware that if your income is really SSI or SSDI, you stand to lose that if you get a job making more than a pittance and maybe if you get a job at all.

If I were you, the first thing I would do is go see someone at a local Senior Citizens' law office and see what you really have and what it means before you shoot yourself in the foot and can't recover.

Secondly, bankruptcy isn't a bar to renting, at least not around here it isn't. My sister has a bankruptcy and she has no problem renting. And yes, they checked her credit, and yes, the bankruptcy shows up. I also know a couple of other people who have bankruptcies which haven't prevented their renting. And the idea of not accepting a co-signor or a large deposit doesn't make sense from any angle. Are you sure you are understanding what is going on? Or is there something else in a credit or background check?

. Thanks for your reply, I rolled over my Pension and 401k after I retired into an IRA. the 30% is what I was told don't remember from who? I know that now when I withdraw I'm charged mandatory 10% Fed and 1% State (CA). So this tax year I wil see what additional taxes I'll be charged including my SSI. I'm anxious about that since this is my first year of retirement.

Now the Bankrupcy this is the problem I've had, I read on a credit site to offer a larger deposit, months of rent and or a Co-signer if they won't accept Bankrupcy? Thing is I tried these things I mentioned they said NO. So I'll try non-management unowned buildings, a private owner I maybe able to negotiate better with the on a personable level? What state do you live in? Rents in California are VERY expensive. I have been looking to rent a room.

 

[Butterfly]

Yes, but are you getting SSi, SS, or SSDI? Which one you are getting will be critical to how you proceed. AND, are you over 65?

I live in New Mexico; things here are a lot less expensive than CA.

Have you actually been TOLD that the bankruptcy is the issue, or is that an assumption?

 

[Butterfly]

This is why I don't think what you are getting is SSI. This is from the SS website:


"Maximum Federal Supplemental Security Income (SSI) payment amounts increase with the cost-of-living increases that apply to Social Security benefits. The latest such increase, 2.0 percent, becomes effective January 2018.


SSI amounts for 2018
The monthly maximum Federal amounts for 2018 are $750 for an eligible individual, $1,125 for an eligible individual with an eligible spouse, and $376 for an essential person.

In general, monthly amounts for the next year are determined by increasing the unrounded annual amounts for the current year by the COLA effective for January of the next year. The new unrounded amounts are then each divided by 12 and the resulting amounts are rounded down to the next lower multiple of $1.

Recipient	Unrounded annual amounts for—	Monthly amounts for 2018
2017	2018[SUP] a[/SUP]
Eligible individual	$8,830.84	$9,007.46	$750
Eligible couple	13,244.80	13,509.70	1,125
Essential person	4,425.55	4,514.06	376
[SUP]a [/SUP]The unrounded amounts for 2018 equal the unrounded amounts for 2017 increased by 2.0 percent.

Calculation details

Payment reduction
The monthly amount is reduced by subtracting monthly countable income. In the case of an eligible individual with an eligible spouse, the amount payable is further divided equally between the two spouses. Some States supplement SSI benefits."

So, unless you have a spouse, or an "eligible person" your $1100 cannot be SSI.