Janis Joplin
Posted on 07/25/2012 2:59:16 PM PDT by SeekAndFind
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Taking SS at 62:
1)I might die tomorrow.
2)”If you are already receiving benefits, the program will not change for you.” All others are screwed.
Yikes 62 doesn’t sound to good if your spouse is still working.
I retired at age 63 and it was one of the best decisions that I have ever made. I ran the numbers and with SS, pensions, 401(k) and no debt it was really a no brainer. No more stress from a long commute and the nightmare of the corporate culture. I was burned out and ready for a change. Now I can live life on my terms. Go for it.
Afraid the program won't last and so they're going for it as soon as possible, for another. It's not as if the government hasn't taken hundreds of thousands of dollars from the average wage earner over their lifetimes under the false pretense that this is some sort of pension in a “lockbox.”. It's been handed out like candy. Noncitizens are drawing SS under someone else’s number, you can't do anything about it and the government certainly won't.
The more rational question would be, why wait?
That will be three years of a monthly nothing check from Social Security.
Good luck in your retirement.
Started receiving benefits at 62 in May.
the reason is not “emotional.” the reason is because these people have been laid off and can’t find a job and have been hanging on by their toenails until the day they can file for social security. I am sure most of them would rather be working, but Obama saw to it that the business environment is freezing
“While you will get the money back in the form of a recalculated benefit when you turn 66...”
I don’t understand. I understood that if you retire at 62 what you are calculated to receive at 62 is the permanent amount you will recieve.
The choice is between normal benefits at 65, or taking an 25% reduction in benefits to get 3 more years of benefits. It will take 12 years (or 15 if you want to count from 62) before the normal benefits catches up to the extra 3 years.
Much is made of the need to have adequate income in the last years of life. But I think it’s easy to overlook the utility of having income while you are still able to enjoy it.
i know for a fact this is true...i recently had my pocket picked and my wallet stolen on the subway in nyc with my medicare card and all id stolen...of course my state DL and credit card providers cared but i called both ssa and medicare and neither one gave a damn....would not post any type of alert nor would they even allow me to give them my ssn...they didn't and don't give a damn if anyone uses my “sh*t”...could it be that we have a president with a fraudulent ssn...can;t even use a birth certificate any longer to get any kind of id state or fed...could that be because the impostor in chief doesn't have one of those either?
You take smaller amount at 62.5 years of age you have to live beyond age 84 before you lose out of the early option of less over a longer period of time.... Sort of a penny a day doubled everyday for thirty days or ya want 3 million dollars now thang ?.
Less is more , Lester Moore shot with a .44 is no more here lies Lester etc...
Good news is the thief will have to file yer tax returns now.... :o)
Sorry for yer troubles. Hope it all gets fixed.
Stay safe !
A bird in the hand is worth 2 in the bush. What one receives at 62 is probably worth more than what one would receive at 65, with the (unreported) inflation eating away at it. $1 at 62 will buy you a small bottle of soda; at 65 it will buy you a styrofoam cup of warm tap water. Naturally, the Dem media organs will be sure to point out how healthy tap water is, and how fortunate we are to have it while so much of the world goes without.
Janis Joplin
Widows can file for SS at age 60. It’s somewhat reduced, but maybe if you wait, you won’t live that long; or the govt may not live that long; or the horse may talk.
From SSA.gov
“If you live to the average life expectancy for someone your age, you will receive about the same amount in lifetime benefits no matter whether you choose to start receiving benefits at age 62, full retirement age, age 70 or any age in between. However, monthly benefit amounts can differ substantially based on your retirement age. Basically, you can get lower monthly payments for a longer period of time or higher monthly payments over a shorter period of time. The amount you receive when you first get benefits sets the base for the amount you will receive for the rest of your life, though you do receive annual cost-of-living adjustments and, depending on your work history, may receive higher benefits if you continue to work.”
1. Work as long as you can at least until age 66.
2. If you do retire before age 66 delay claiming your benefits as long as possible.
3. However, be prepared to begin taking your benefits if it appears that means testing is about to be implemented.
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