Posted on 12/31/2017 7:23:49 AM PST by SeekAndFind
Social insurance programs aren’t welfare...people pay into them over time and get a benefit in return. You can argue that the benefit isn’t equal to the cost, but you can’t argue that its welfare.
If you’re too dim to grasp the concept, just say so.
Well said, I agree with you
bfl
Our financial advisor was of the opinion that, once Congress removed the “file and suspend” strategy about 2 years ago, the best strategy was to focus on ROI. Look at it this way, you’ve dumped all this money into the Govt pot over your working years. If you’re 62 and delay until 70 to take SS, you could die at 69 and your ROI would be zero. Your ROI would be better taking SS at 62 since nobody knows when our time is up. And even if you waited until 70, and would draw more per month, compared to somebody who started at 62, you’d be well into your 80’s before the amount of money you’d gotten from SS would equal what you’d gotten from SS by starting at 62. Start using that money or get it from the Govt and re-invest it as early as possible.
I so agree with your posts. SS is a big scam and welfare. How to prove it? If I pay in half as much as you do you get twice as much? No. Then it’s welfare and a redistribution scam. Anyone who advocates lifting the cap is a scoundrel since the diminished return on the dollars paid in are pathetic.
Separate the wheat and the chaff for conservatives on this on topic. You pass 100%!
I will take SS when I want to. It is a benefit I paid for and paid for handsomely having “contributed” the limit from the time I was 16. When I do take it I will spend every penny of it on anything I don’t need for as long as I can get it.
Every day I am more happy that I retired when I did just about a year ago now. I turned 62 this week and will wait a bit to file for SS since I am easing into retirement. The transition is not yet complete and I treat my current time as a long vacation having done a little work this last year and I may do more still if the opportunity contines. Being able to go back is different when you are self-employed I suppose. Filing for SS is a milestone I am not ready for. All things in due time. My Dad was forced out at 67 and would have worked until he was 70. He died at 76-1/2. They got a great deal on his pension. He seemed in a rush to get enjoyment done though he and Mom both loved what they did at one time it got harder.
I sat with my 90 year-old Mom today. She lives in the very near present and the very distant past. Mostly the latter in a fog of confusion. She can’t move around much or do for herself much. The days I can get up, endure the cold or heat, take care of the stock, work out doors and just goof off with my wife are numbered. I wake each morning asking God to help me not screw up and grateful for another new beginning.
“The steadfast love of the LORD never ceases; his mercies never come to an end; they are new every morning; great is your faithfulness.”
I too was somewhat forced out of my life’s profession but now happy for it. I needed a push. My days are filled now with getting to do things I really enjoy doing and looked forward to for a long time and getting to do them right. If they never get done... so what? I will have enjoyed the journey.
BINGO!
LOL
You said, “• My financial advisor said to wait until I got older. I did the opposite. He’s since passed away at age 60 of a heart attack.”
Mine said the same thing and he is still alive. I just turned 62 and he did a year ago. I’m still gnawing on the decision but will probably file this next year... maybe.
Why do you call it welfare when we put into it every month for 40+ years? I understand it goes to current recipients who also put into it for 40+ years. Your idea of welfare is off a bit.
BINGO again!
70 us the age I started collecting...like you, I didn’t retire until 70 as I was having too much fun working and making a lot of moola.
Ended up collecting around $3k per month and the wife and I travel every year...Africa, South Pacific, all over the place.
How can I find out the details about this? Thanks.
I never argued benefits and costs are you confused about the post your replying too?
Answer my question.
Big question that wasn’t addressed:
If you’re single, what will you do for health insurance if you take social security at 62?
Read what the SC said about SS.
What will your wife do for health insurance when you retire & don’t work anymore?
Thanks
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