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#2049544 - 11/13/15 03:45 PM
How Retirement Age Affects SS benefits
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10K Club
Joined: Aug 2001
Posts: 21,939
Next to Harvey
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New CFPB tool that shows how much your retirement age affects your monthly SS benefit. There are others available, but this is the slickest I've seen.
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In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.
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#2049547 - 11/13/15 03:50 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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10K Club
Joined: Jun 2004
Posts: 19,844
Pulling people out of the ditc...
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and yet, I notice there is no discussion about the deferred options, so it doesn't fully disclose what you can do and how it can maximize your distribution and that of a surviving spouse...
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Providing alternative truths since the invention of time
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#2049567 - 11/13/15 04:31 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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10K Club
Joined: Aug 2002
Posts: 34,318
under the Lone Star
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With all those legal ways to work social security, no wonder this country is on the way to being Greece.
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Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.
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#2049634 - 11/13/15 08:15 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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Power Poster
Joined: Jan 2004
Posts: 2,795
Guess
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I want a lump sum payout!
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#2049643 - 11/13/15 08:51 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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10K Club
Joined: May 2004
Posts: 10,124
Way, way south.
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I'm going Postal if the money isn't there when it's retirement time.
They seem more than willing to cut SS and fully fund all these programs for which tax payers never paid into.
Where is the logic in that? Oh. Wait. It's the govt, there is no logic.
For the life of me, how anyone in compliance can put their faith in govt is beyond me. Not political, just common sense that's an obnoxious behemoth that messes up almost everything it gets involved with. Plain as the nose on your face.
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Giddy up.
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#2049723 - 11/16/15 01:53 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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Power Poster
Joined: Jun 2003
Posts: 7,650
Florida
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When SS started, the average lifespan was 65 years old (that is where they came up with the age), so continuity should not have been an issue. Now, people are living decades beyond.
Also, I believe it was Johnson who had the SS payments (which were separate from general revenue) start going into the general fund and the fund issue receipts to SS. China is not the biggest creditor to our bonds - the Social Security fund is.
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#2049728 - 11/16/15 02:04 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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Power Poster
Joined: Jul 2008
Posts: 4,796
You are here
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The expectation was that you would pay an entire career and get back 0?
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#2049751 - 11/16/15 02:51 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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10K Club
Joined: May 2004
Posts: 10,124
Way, way south.
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Give me my money back.
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Giddy up.
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#2049762 - 11/16/15 03:11 PM
Re: How Retirement Age Affects SS benefits
QCL
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10K Club
Joined: Sep 2002
Posts: 13,965
TN
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You young whipper-snapper.
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#2049851 - 11/16/15 06:02 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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10K Club
Joined: Aug 2002
Posts: 34,318
under the Lone Star
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Heheheheheee, just guess who is receiving full benefits as we type away...........
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Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.
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#2049864 - 11/16/15 06:46 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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Power Poster
Joined: Jan 2004
Posts: 2,795
Guess
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Flannel man???!!!
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Sorry, did I just use my outside voice?
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#2049909 - 11/16/15 07:56 PM
Re: How Retirement Age Affects SS benefits
QCL
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Platinum Poster
Joined: Feb 2010
Posts: 960
Illinois
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"Age 67 is your full benefit claiming age."
Just 29 more years!!! Woohoo."
It will probably be pushed back to 70 by the time you get there.
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I thought getting old would take longer.
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#2050958 - 11/23/15 06:00 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
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I used a site recently that told me I had 611 Mondays left until my legal retirement age. That was no bueno!
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Just working here until I get my letter from Hogwarts.
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#2050963 - 11/23/15 06:09 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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Power Poster
Joined: Jul 2002
Posts: 6,726
the sandy shore
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Hey, at least there's an end (allegedly) in sight!
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I disbelieved what he was saying so hard, I probably created an alternate universe where it wasn't true.
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#2050967 - 11/23/15 06:23 PM
Re: How Retirement Age Affects SS benefits
E.E.G.B
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Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
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Hey, at least there's an end (allegedly) in sight! LOL!
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Just working here until I get my letter from Hogwarts.
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#2050968 - 11/23/15 06:24 PM
Re: How Retirement Age Affects SS benefits
HRH Okie Banker
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Power Poster
Joined: Nov 2004
Posts: 5,925
So Cal
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I used a site recently that told me I had 611 Mondays left until my legal retirement age. That was no bueno! 611 Mondays until legal retirement age? Time to consider retiring illegally.
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I've just writed a wrong.
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#2050999 - 11/23/15 07:40 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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10K Club
Joined: Jun 2004
Posts: 19,844
Pulling people out of the ditc...
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but if you wait until tomorrow to check, you're down to 610...
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Providing alternative truths since the invention of time
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#2051565 - 11/27/15 08:21 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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Diamond Poster
Joined: Feb 2002
Posts: 1,466
USA
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Full retirement in 215 days, 9 hours and 37 minutes.
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"No problem can withstand the assault of sustained thinking." ~ Voltaire "Sustained thinking gives me a headache." ~Me
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#2051568 - 11/27/15 09:05 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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Power Poster
Joined: Jun 2005
Posts: 4,594
Easy Street
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I'm thrilled at the prospect of working until I'm 67. Only 27 more years to plan what I will do next!
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Some days good karma isn't worth the hassle.
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#2051571 - 11/27/15 09:14 PM
Re: How Retirement Age Affects SS benefits
Elwood P. Dowd
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Diamond Poster
Joined: May 2011
Posts: 1,984
Idaho
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40 years and counting...
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