My wife draws it now. I will draw it at the earliest opportunity which will be in a little over two years.
If it is permitted to draw this money, then it would be foolish not to take it. But that does not mean that anybody should ever have voted in such a fraudulent program.
I fully anticipate that the taxable nature of my payments will change radically in coming years and the amount of the payment will probably be reduced, including additional reductions to pay for socialized medicine.
As the competitiveness of nations like Russia, India, Brazil, and China increase, it will become even more difficult to prop up this program. It was a mistake to ever implement it and the pain of addressing that mistake will only increase with time.
Like any Ponzi scheme, it is those who arrived latest who will lose the most. When that number of people reaches the tipping point, "reforms" will be made such that the program will become unrecognizable. And that will be a good thing.
Oh I agree! I have criticized SS as long as I can remember but doing anything about it is for the most part impossible. At any rate I am now at the point where nothing they do will help me so all I can do is get some of the money I could have invested back. Like I said sense I was in my twenties SS has been going bankrupt.