Someone is rediscovering Pensions. Know what you hold!

[Coldworld]

Just have to stay dedicated to contributing

Thanks Gumby

 

[Coldworld]

I took SS at 62. Will not have to touch the 401K until they force me at 72. I figured I may as well suck as much SS as possible and leave the 401K to the kids.

Was there a reason you took SS early??? My financial guy is hell bent on both my wife and I waiting til 70, even though I think we should grab it at 62.

 

[Over70irregs]

Was there a reason you took SS early??? My financial guy is hell bent on both my wife and I waiting til 70, even though I think we should grab it at 62.

Different thoughts on that subject. Some lifespans fade out in later 70’s. You do get bigger payouts if you wait. Mobility and health are factors. Also add in financial situation.

 

[IVE GOTTA PACKAGE 4U]

Was there a reason you took SS early??? My financial guy is hell bent on both my wife and I waiting til 70, even though I think we should grab it at 62.

The break even point is 79 if you take it early versus wait until age 70.

 

[Thebrownblob]

Thanks Gumby

I didn’t say one thing about IBonds

 

[Wally]

Was there a reason you took SS early??? My financial guy is hell bent on both my wife and I waiting til 70, even though I think we should grab it at 62.

His plan has you using SS as protection, the higher payout an insurance policy for wifey. You go and she collects the higher amount. Live long enough and you come out ahead.

 

[oldngray]

His plan has you using SS as protection, the higher payout an insurance policy for wifey. You go and she collects the higher amount. Live long enough and you come out ahead.

 

[bottomups]

Was there a reason you took SS early??? My financial guy is hell bent on both my wife and I waiting til 70, even though I think we should grab it at 62.

My grandfather died at 45 and my father at 58 years old. Neither got anything back for all the monies they paid in. Wasn't gonna let that happen with me. My financial advisor told me my break even point would be somewhere around 77 years old so I took the chance with the smaller payouts.
We also inherited well and live on two pensions and two SS checks so money is really not an issue. We don't spend what we have coming in every month the way it is.

 

[Over70irregs]

I didn’t say one thing about IBonds

Not looking good brothers…

 

[Over70irregs]

The break even point is 79 if you take it early versus wait until age 70.

79 wow

 

[IVE GOTTA PACKAGE 4U]

79 wow

 

[Thebrownblob]

View attachment 491850

Yeah, but will your pecker still work?

 

[IVE GOTTA PACKAGE 4U]

Yeah, but will your pecker still work?

Never too old to get a Hummer

 

[Over70irregs]

View attachment 491850

I’m into body movement maximizing. Especially functional bedroom potential. Otherwise “bang for buck”…..

 

[Coldworld]

Yeah, but will your pecker still work?

Another question is are you a teamster truck driver??? Probably a good reason to take SS early.

 

[Coldworld]

Never too old to get a Hummer

Thanks Biden

 

[Coldworld]

His plan has you using SS as protection, the higher payout an insurance policy for wifey. You go and she collects the higher amount. Live long enough and you come out ahead.

Yep...he pretty much said that he doesn't care if I die early...Mrs. Cold will more than likely die after me so we're maximizing things for her. Well, glad to hear that great financial news...thanks buddy for putting me in the grave already...lol

 

[Coldworld]

I didn’t say one thing about IBonds

Him and his ing bonds

 

[Coldworld]

The break even point is 79 if you take it early versus wait until age 70.

We aren't going to live close to what Marty peters has done...

 

[Lineandinitial]

Never too old to get a Hummer

Solicitation violates the TOS!
There’s probably several in the President Biden Thread that will jump at your offer though.