Posted on 09/01/2014 7:52:57 AM PDT by shove_it
Summary
When should I start Social Security? How will I receive the highest annual income? How will I receive the highest cumulative income? When will I be able to retire?
Every year, more than 2 million people turn 62. Many of those people will wonder, "When should I start receiving Social Security benefits?"
The earliest age of eligibility is 62. The benefit increases each year you delay starting, until age 70, after which point there is no additional increase.
When should I start - age 62 or age 70?
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(Excerpt) Read more at seekingalpha.com ...
If you take SS before age 66 (unless they have moved that target again) you will have to take Medicare. Otherwise you can forgo it.
Every SS recipient gets Medicare part A at no charge.
You say get rid of “Socialist Security”
Fine, Just give me back every FUGGING cent I have paid in up to now...
You EFFING Thief.
My feeling is that a point will be reached where those receiving SS will continue receiving and new filers will be owed IOUs when the well begins to dry. If you are already receiving it the government would be in major breach by stopping it. The people who receive lesser amounts a month is what the government would love to see.
if you want it. You do have to take it.
As Rivera would say in the movie A Walk in the Sun, "Nobody dies".
You don’t have one dime in there. Pay back all of my taxes while your at it. How do I opt out of Socialist Security?
Funny how you only care about your money and could care less about the 17 trillion of debt when it comes to SS.
A quick way to find out if any of your benefits may be taxable is to add one-half of your Social Security benefits to all your other income, including any tax-exempt interest. Next, compare this total to the base amounts below. If your total is more than the base amount for your filing status, then some of your benefits may be taxable. The three base amounts are:
$25,000 - for single, head of household, qualifying widow or widower with a dependent child or married individuals filing separately who did not live with their spouse at any time during the year
$32,000 - for married couples filing jointly
$0 - for married persons filing separately who lived together at any time during the year
But I see 3 of them in the bush in the background!
Very smart thing to do.
I’m was not eligble for SS; since I did not pay into it long enough - worked for the Navy Department instead.
I opted to get out as soon as possible; seeing inflation looming on the horizon; and was DAMNED sure not gonna get caught by another Carter-like loonytoon who decided to “Whip Inflation Now” with the wallets of government workers.
I was held for a couple of years at a 5.5% ‘cola’ while private industry wages were in the double digits.
People who had retired in front of me were receiving REAL cola increases in their retirement checks; and ended up making MORE m oney being retired than I was still working!!
I highly recommend it!
There is NO way you can extend your life; but you CAN extend your non-WORKING life!
Do NOT be afraid to downsize your lifestyle drastically; either!
Learn to be happy with less: it'll go farther!
TADA!
Just like 'higher learning' years keeps the jobless rate figures lower...
So true!
The wifey about croaked the other day when she saw the prices of BACON!
I will be 62 in October. The astounding thing is that putting my pension and social security together I will be bringing home more money in Oct. than when I was teaching.
I also have two tax shelters that I have been putting money into for over 20 years.
and the end of our lives on Earth being relatively easy to enjoy.
Don't forget, that AFTER all this, there is STILL something else to face:
Matthew 6:20-21
But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:
For where your treasure is, there will your heart be also.
And the earlier you start SS the more you are trapped into Medicare and government control over your health.
Yeah.
I didn’t even KNOW about Medicare until one day my insurance company said...
btt
I agree 100%. Taking mine at age 62 in 4 1/2 years. Another reason for me to take at 62 is that my father, healthy and active nearly his entire life, died of cancer at age 68. No guarantees, get what you can today.
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