I’m with you. I’ll take the money and run the instant I’m eligible.
Retirement and social security
- Thread starter TORQUERULES
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That's not necessarily the best way to maximize your benefits. If you don't expect to live long(er) take them sooner of course. This calc is based off of average life expectancy.
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Not sure how SS works regarding starting early or whatever and it affecting the amount.
I know all the retirement professionals say to retire and take a pension as soon as possible.
Working longer to increase the amount slightly will never make up for the years you could’ve been taking it.
Might be an exception if you get a totally different bracket or pension deal due to promotion of some sort.
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I know all the retirement professionals say to retire and take a pension as soon as possible.
Working longer to increase the amount slightly will never make up for the years you could’ve been taking it.
Might be an exception if you get a totally different bracket or pension deal due to promotion of some sort.
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That’s ok. Retired military helps a great deal.That's not necessarily the best way to maximize your benefit.
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Helped my mom and step dad immensely. Free health care and xtra cash..
I see a CIVMAR not using both hands on a ladder….
Reminds me of going TAD to a Carrier in Norfolk. I'm from Minehunters and Minesweepers, they Small Boys. Would take 15m to get from one end to the other and then going down into areas was like that picture above. Nuts.
When you take it early (like at 62) it reduces the monthly amount. It never reduces how long you can take it because you take it for as long as you live regardless.
Going back to work and taking the hit (lost $1 for every $2 of earning) meant that I was still contributing and building my "credits" again so at "full retirement age" of 66 the penalty for working was not in effect and I got my SS with no reduction (i.e. I get social security and my wage both). Then because I have decided that I enjoy what I do and have continued working, each year the SSA recalculates my benefit and I get an increase in my monthly payment beyond the cost of living adjustment because of additional earning calculations.
Yeah, but no. Viagra is his friend. Big difference in the the years for SS. I'm bailing at 65, if I wait til 70 another $1K a month. **** that shit.
i'm sure i'll be taking it asap (62). i'd rather have the money to spend and enjoy, even if it's a lesser amount. with my luck i would wait until 67 or whatever just to try to get a bigger payment then die the next year
Can you hold off on the SS until 67, but still retire? Just wait to draw SS?
In 20 yrs when I’m eligible, the start age will probably be 95.
“Haven’t touched SS”.
Paid 8500 SS tax last year
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“Haven’t touched SS”.
Paid 8500 SS tax last year
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I’m
you file for SS to start it. Once you create an account on the SS site it tells you year by year what your $ amount is at a given age from early to late retirement
Lets talk about how your family gets all the money left over after you die.....oh wait. Well let's talk about how SS isn't a slush fund.....oh wait. Ok fine....we can talk about how on the average by the time you die you will have recieved everything you put in.....damn. Well atleast those who didn't put into it can't get anything from it....SHIT!
The only way to crunch the numbers and decide whether to take SS early or wait to "full retirement age" or later is to answer the question I raised earlier.
When do you intend to die?
In other words, you can't know when the "best" age is to start collecting so decide what works for you with what you KNOW today
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I haven't paid into SS since the early 90s so I won't be getting much of anything when I eventually qualify. And what I did pay into it during the 80s and 90s will be reduced by the Windfall Elimination Provision when I go to collect.
Took SS @ 62.
Took a forced buy-out @ 59 1/2.........paid off the house !
Military pension @ 40.
NO BILLS = no problems !!
.
Took a forced buy-out @ 59 1/2.........paid off the house !
Military pension @ 40.
NO BILLS = no problems !!
.
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