You are correct, that’s the basic premise. I never understood how it could be in a higher income bracket in retirement or even if I’m in the same bracket be drawing more income. But according to the calculations, I will be. Hopefully that is.
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- Thread starter Warstud
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You are correct, that’s the basic premise. I never understood how it could be in a higher income bracket in retirement or even if I’m in the same bracket be drawing more income. But according to the calculations, I will be. Hopefully that is.
Yes, very scary. I’m only 52, and I planted delay until 70. Originally, I had planned to draw Social Security immediately and invested, but numbers are saying different.
Yeah, but can you fix the resale? Sheesh, what's a poor boy to do?
They're not happy about their home utility bills going up
Good luck. Sounds like you are on track. I can tell you, after being homeless, financial security in retirement is a wonderful feeling. So many fail to squirrel away some of their hard earned cash.
Again, good luck. Stay on the path!
No body is. I made the investment to lower my electricity burden before buying the EV.
Social Security has become Social Insecurity.
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The secret is to drop dead before you realize it's worthless
One of my biggest mistakes was to take SS early....Totally Dumb, unless you ready need. Its like money in the bank.
If you don't need it like I said its a great savings plan (not taking it early)
At least wait to the age where you get full SS benefits based on your age. It takes around 10-11 years for starting at 70 to cross over if you start at the earlier full benefits age. And if you don't expect to live much longer than 10-11 years, it's better to start SS at your full benefits age vs later. Plus, SS might be drastically cut back after 2030 (unless something is done about that ... crickets), so that's another consideration that wasn't in the picture until not long ago.
I took my SS relatively early at 65
No difference in our lifestyle
No difference in our lifestyle
IMO you did it right. Show me the money! Plus, you did your part by paying into the SS system. Well done!
Thank you! I am glad you are no longer experiencing homelessness. I am involved in our local social services organization with primary services that support the homeless. I can only imagine. Blessings to you!
It is better to take early and invest, in most cases IF you have the discipline.
It's a wash if you don't really need the money.
It's best to wait if your genetic lineage goes 95-100 years plus, you eat right and are very active and you have possible diminishing dollar resources as you age
Take early if you really need the money and/or say you have aging parents with lots of money and one or no other siblings.
I hope you guys are getting my point here on SS $.
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Wow dude you are out of touch with the little man.....
SS. Is good for four Dunkin Donuts runs per month with coffee being optional...
The pampered rich like yourself do not pick through the trash for daily sustenance. You do not live in a state of constancy like the rest of us. To each their own...
