Posted on 05/25/2009 7:24:37 AM PDT by reaganaut1
CUT Government to create more Money for Social Security.
Do not fund the SocSec “lock box” with more Taxes. Put Government workers out on the street looking for real productive work to do, instead of sucking the teat of the Feds ad nauseum.
Government stole Social Security, now let Government pay for its crime against American Tax Payers.
I have Seen the Federal Government offices, 5 people do the Job of 1, and they Retire while still on the Job, supposedly working. Its a Hard cruel world out there, and Social Security was robbed, let the Robbers learn a lesson.
BEARS REPEATING.
Also, why doesn’t the Federal Government pay into Social Security and draw from it? Why do CongressCritters and the President continue to receive salaries long after they’ve lost an election. That is just plain wrong. If I have to put in and draw SSA, then so should they.
“It is a no brainer”
Your right, it’s a no brainer. Plus, what’s to say they won’t push out the retirement age before you get to 66.
In my case, the wife was already on SS based on her own earnings and when I started collecting at 62, at which time they based her check on 1/2 of my amount and she gets significantly more now as well.
Add up the total amount you've received over that 4 years and then tell me how many years, after age 66, it would take for that extra $350 to add up to that amount.
You left out the medical benefits. I believe if you start collecting at 62, you also go off your own health insurance and go on government health insurance. For someone in their sixties, health insurance is often well over $1000/month. If that person is buying their own health insurance, that’s a huge savings.
Part of this is the result of chain immigration ... someone comes over as a nurse, say, then once they get citizenship they petition their parents... they come over, and even though they may never have worked in the USA, once they get citizenship and hit 62 they get free money...
***Therefore, I humbly ask that all of you younger folks out there keep working! In fact, take on two jobs....
We need you to continue to fund the SS so that I can continue to draw it.***
I retired early six months ago. It was worth it!
It is also good to know that there are at least THREE (or more) workers out there slaving away to pay my way with social security benifits!
Life is good!
But then there is wmy worthless brother-in-law in New Mexico (If you know him he probably owes you money) who hasn’t held a job since 1980. He claimed a high school football injury and tied it to a militry injury and draws both Social Security and military benifits. Yet, he can rebuild a house, climb a ladder, work on autos with no problem—till someone comes around. Then he grabs a cane and starts hobbling around pitiful looking.
“I did the math. I lost $350 a month by not waiting until I was 66.”
Wouldn’t it be wonderful for you if you lived to be 100!
However, you could get run over by a produce truck at 66 and all the money you have paid in would be forfeited to the government. Now that’s a sobering thought isn’t it?
If you hold off until your 66 you will have to make it to your late eighties to break even. (assuming interest rates go back up on your investments)
My SS letter says I’d get $1,664 @ age 62 or $2,232 @ age 66 or $2,956 @ age 70.
Of course those numbers assume there will be any money left to pay me when I retire.
“I believe if you start collecting at 62, you also go off your own health insurance and go on government health insurance.”
That’s not true; Medicare doesn’t start till 65.
Agreed. Are the “experts” who say “wait” just fools? Or are they paid shills for the feds?
My congrats to you! I'm really glad you've made retirement. Fantastic! Take every "handout" this new socialist gummint wants to give out; it's what I'm going to do when that day comes along. And if this country and those in it every return to common sense and rule of law, then I've got enough to live on within that system too.
As to your brother-in-law...well, we'll always have those kinds with us....as long as we outnumber them, we'll be ok.
Have a super long, wonderful retirement! Hope you're living someplace warm!
If you think about it, these folks would have been in the first wave of 401K workers—at hitting their peak earning years right about that time. If they maxed out their 401ks, and pulled their money out of equities two to three years before they planned to retire, they are sitting large: Big accounts, some SS, and homes that are paid off—the combined values of which will pretty much set them up well.
Good for them.
Now just move off shore and you will be fine.
There is no early start to Medicare. It starts the month you turn 65 PERIOD. Nor is a “full retirement age” needed.
“once they get citizenship and hit 62 they get free money...”
No, they have to have paid in the prescribed number of quarters to get SS. Over age 40, that’s 10 years of contributions.
“once they get citizenship and hit 62 they get free money...”
No, they have to have paid in the prescribed number of quarters to get SS. Over age 40, that’s 10 years of contributions.
You can earn up to $14,400/year before taking a reduction in SS benefits.
I have two neighbors who chose early SSI. Finding jobs was getting difficult at their age.
I’m 62 in one year and seriously thinking about taking it from the beginning....who knows what will be left later???
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