Social security??

[thecamel]

Checking my social security statement recently and it says that at age 62 I'll be eligible for a $2300 monthly payment. I'm currently 56 with 30 years driving so I'm eligible for retirement and pension. Question that I have is if I retire at age 57 does that social security amount assume that I will continue working till at least 62 or can I go next year and rely on the $2300 benefit? Thanks.

 

[IVE GOTTA PACKAGE 4U]

Checking my social security statement recently and it says that at age 62 I'll be eligible for a $2300 monthly payment. I'm currently 56 with 30 years driving so I'm eligible for retirement and pension. Question that I have is if I retire at age 57 does that social security amount assume that I will continue working till at least 62 or can I go next year and rely on the $2300 benefit? Thanks.

It assumes you keep working but you won't lose that much if you have 35 good years of earnings.

 

[rod]

Wait until you are 80 to take SS. Leave my pie alone.

 

[badpal]

Had an great uncle he and his old woman never did take social security, staunch republicans that didn't want to give Franklin Roosevelt the satisfaction. i plan to hold off as long as possible myself for it and my UPS pension, kind of find it degrading in a way.

 

[DELACROIX]

Had an great uncle he and his old woman never did take social security, staunch republicans that didn't want to give Franklin Roosevelt the satisfaction. i plan to hold off as long as possible myself for it and my UPS pension, kind of find it degrading in a way.

Remember that if you die they win, that’s teaching them a lesson..

 

[DELACROIX]

Wait until you are 80 to take SS. Leave my pie alone.

Greedy bastard…

 

[IVE GOTTA PACKAGE 4U]

Had an great uncle he and his old woman never did take social security, staunch republicans that didn't want to give Franklin Roosevelt the satisfaction. i plan to hold off as long as possible myself for it and my UPS pension, kind of find it degrading in a way.

It's your money, you paid into it.

 

[oldngray]

It's your money, you paid into it.

 

[Thebrownblob]

It's your money, you paid into it.

 

[IVE GOTTA PACKAGE 4U]

View attachment 497911

Not only did you pay into it but your employer matched dollar for dollar whatever money you put into it.
That's a lot of money to give a government and not expect anything back in return.

 

[badpal]

Remember that if you die they win, that’s teaching them a lesson..

When i croak and meet my maker, how much social security i got or missed out on is gonna be the least of my problems.

 

[Thebrownblob]

When i croak and meet my maker, how much social security i got or missed out on is gonna be the least of my problems.

No, but it might be for your wife and her new boyfriend

 

[PT Car Washer]

No, but it might be for your wife

The reason I am waiting to take SS. An extra $200 to $400 a month could come in handy.

 

[DELACROIX]

The reason I am waiting to take SS. An extra $200 to $400 a month could come in handy.

Especially with your pension..

 

[PT Car Washer]

Especially with your pension..

That's the thing. If my wife wanted my pension after I am gone then it is cut in half. I will keep my pension and she can have my IRA after I am gone.

 

[Thebrownblob]

The reason I am waiting to take SS. An extra $200 to $400 a month could come in handy.

Yep, everyone has to make their choice when the right time is.

 

[IVE GOTTA PACKAGE 4U]

The reason I am waiting to take SS. An extra $200 to $400 a month could come in handy.

Or you could be dead and collect nothing

 

[sailfish]

Social Security should have never been a thing.

 

[Brownwind]

The reason I am waiting to take SS. An extra $200 to $400 a month could come in handy.

You might be better off taking it and banking it. Most don’t ever recover the lost income

 

[Brownwind]

That's the thing. If my wife wanted my pension after I am gone then it is cut in half. I will keep my pension and she can have my IRA after I am gone.

Perhaps purchase life insurance and not take the survivor benefits with your pension. So many options. This thread is showing our age.