[Libloather]

Every day another 10,000 boomers will get Social Security

Heard that in a radio ad today.

[goldstategop]

Yeah might as well retire early and having to invest.

"Show me just what Mohammed brought that was new, and there you will find only things evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelogus

[goldstategop]

I mean have something to invest.

"Show me just what Mohammed brought that was new, and there you will find only things evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelogus

[Proud2BeRight]

It's starting. The Ponzi starts to collapse.

[unkus]

Wow.

[Graybeard58]

Damn boomers.

All their fault.

[familyop]

That’s a good idea! The sooner the big default, the sooner we can rebuild the real, productive America.

[Nervous Tick]

Well, I have about ten years to go, but tell you what... the DAY I’m eligible to begin drawing SS (if there’s any left by then!) you bet your bottom dollar I’m going for it. At the rate it’s going under, why not...

This run on SS is really a surprise, isn’t it? Who would’ve thought? Yet another “unexpected” facet of the Obama economy.

[tflabo]

56er here-— can’t retire just yet.... trying to shoot for not having to rely on SS if and when the time comes to retire. SS ‘fund’ could have been a self generating money making revenues from interest engine if the corrupted pols didn’t raid it. Pox on them all-— cretins!

[FrankR]

"That forced many to claim retirement benefits at 62, their first year of eligibility, instead of waiting to collect at the full retirement age of 66. "

For me, it was a difference of $300.00 per month, I can pick that up having yard sales and selling scrap metal.

I have never taken any government money, and was very reluctant to sign up for SS, but my kids encouraged me, saying, "Dad you've paid into it all your life, it's yours to have.". They're right, although the government has timed it so you probably will never get out of it what you put in it, unless you live to 90 or something.

Great time for obama to collapse the economy, right here when the boomers start coming of age to draw their pennies.

[Jim Robinson]

Well, there’s 2.7 million off the unemployment rolls in 2009 and probably a similar number coming in 2010. Geez, Obama must be a genius.

[Deo volente]

There are two problems with taking Social Security at age 62.
The payments are about 40% less than if one waits until full retirement age (66 for my birth year), and there is a heavy penalty if one continues to work while collecting payments.
The work penalty disappears at full retirement age, but until then you’re going to get hit hard.

One more thing...those 40%-reduced payments remain permanently reduced, for the rest of your life.

[Glenn]

Don't bash us kiddies. There is not near enough money in the monthly check for our weed habit.

[pallis]

I think I’ll pass on Social Security, early or late.

[Logic n' Reason]

Some of the good planners chose to retire early - and for a good many reasons.

And....at 62, they had earned their SS. Heavens, they don't even know if by 65 or so, there will be anything to receive!!

Other (and I am in this catagory) were thrown out of work due to our age. For us, SS was mandatory. You tell me where the jobs are, and I'll return to work. Trust me on that. But until our elected reps call a depression a depression and attack it as they should have been doing all along, there will be no jobs, and without jobs, there will be no recovery.

So...to all of you with jobs...go out and get another one! Heck, you're young enough. Then contribute to the SS fund to that I and millions of others like me can receive our SS.

What am I going to do when I get to be SS age, you ask? Truthfully, I don't give a damn. But I wish you luck!

[Gator113]

“Current projections show the program has sufficient funds to remain solvent until 2037. “

Cool, I’m good. ;>)

[Kickass Conservative]

When I was diagnosed with Leukemia at age 52, my Oncologist told me I had 10 to 15 years to live, maybe a little longer depending on improved treatment regimens.

My initial response to my Dr. was this, “You mean I'm getting ripped off by Social Security?”. He seemed a bit dumbfounded by my response, but that was the first thing that crossed my mind. Nobody lives forever, but the Rats want to be sure you're taxed forever.

They take half your money when you're alive, and then they take half the money that's leftover when you die. Which means we net about 25% if we're lucky.

I've given the Gubmint about $200,000 to fund that Ponzi Scheme, and I will damn sure start to collect at age 62 if I'm still around.

And let's not forget, it's not just the money you put into it, it's the money that you would have made had it been invested for the last 45 years. The kicker is that they tax you before the money comes out of your pay and they tax you when you get it back. That is IF you get it back.

[woodro43]

Unfortunately August 15 1971 destroyed any hope of a comfortable retirement for all but the wealthy or people that have a residual income source. A fixed income can never keep up with inflation and the American people were sold down the river with fiat monetary investment. Many baby boomers saw there life savings vanish last year. God bless, I hope all of them persevere in there early retirement.

[annelizly]

well, my husband and i have been working 25 years now. always paid in. never been on any form of welfare and never collected unemployment benefits. SS won’t be there for us(even though they’ll collect from our checks right up to the end)...now why should i care that everyone here has paid in for years and wants us to keep working so they can get their money now?

[Cindy]

Updated on a regularly:

ARE YOU LOOKING FOR A JOB?
http://www.freerepublic.com/focus/f-chat/2441076/posts

[doorgunner69]

pfl