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#2049544 - 11/13/15 03:45 PM How Retirement Age Affects SS benefits
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
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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#2049547 - 11/13/15 03:50 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
HappyGilmore Offline
10K Club
Joined: Jun 2004
Posts: 19,844
Pulling people out of the ditc...
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
Pale Rider Offline
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Pale Rider
Joined: Aug 2002
Posts: 34,318
under the Lone Star
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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#2049614 - 11/13/15 06:25 PM Re: How Retirement Age Affects SS benefits Pale Rider
Carolina Blue Offline
Platinum Poster
Carolina Blue
Joined: Jul 2005
Posts: 960
Lost in a regulatory fog
That is pretty slick. Now, if that money is actually there when I retire, then I will be really impressed.

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#2049623 - 11/13/15 07:25 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
CompliantOkie Online
Gold Star
CompliantOkie
Joined: Dec 2013
Posts: 425
OOOOOOklahoma
Ditto Carolina Blue!!!

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#2049634 - 11/13/15 08:15 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
YosemiteSamIAm Offline
Power Poster
Joined: Jan 2004
Posts: 2,795
Guess
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
MB Guy Offline
10K Club
Joined: May 2004
Posts: 10,124
Way, way south.
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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#2049647 - 11/13/15 09:14 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
DD Regs Offline
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DD Regs
Joined: Nov 2008
Posts: 4,132
Somewhere in the middle
Oh, like "I'm from the Government and I am here to help" laugh
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#2049675 - 11/13/15 10:38 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
CompliantOkie Online
Gold Star
CompliantOkie
Joined: Dec 2013
Posts: 425
OOOOOOklahoma
Social Security was doomed to fail from the beginning. It's an upside down triangle and always has been. The first SS check was issued to Ida May Fuller in 1939. She had paid in $24.75 in total contributions. She received $22,888.92 in benefits over the lifetime. How was that ever sustainable?

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#2049723 - 11/16/15 01:53 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,650
Florida
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
edAudit Offline
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edAudit
Joined: Jul 2008
Posts: 4,796
You are here
The expectation was that you would pay an entire career and get back 0?
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#2049747 - 11/16/15 02:42 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
QCL Offline
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QCL
Joined: May 2002
Posts: 6,259
NW IL
"Age 67 is your full benefit claiming age."

Just 29 more years!!!
Woohoo.

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#2049751 - 11/16/15 02:51 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
MB Guy Offline
10K Club
Joined: May 2004
Posts: 10,124
Way, way south.
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
Skittles Offline
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Skittles
Joined: Sep 2002
Posts: 13,965
TN
You young whipper-snapper.
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My Opinions Only

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#2049851 - 11/16/15 06:02 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
Pale Rider Offline
10K Club
Pale Rider
Joined: Aug 2002
Posts: 34,318
under the Lone Star
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
YosemiteSamIAm Offline
Power Poster
Joined: Jan 2004
Posts: 2,795
Guess
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
MyBrainHurts Offline
Platinum Poster
Joined: Feb 2010
Posts: 960
Illinois
"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
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
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
E.E.G.B Offline
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E.E.G.B
Joined: Jul 2002
Posts: 6,726
the sandy shore
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
HRH Okie Banker Offline
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Joined: Jan 2003
Posts: 3,070
Oklahoma
Originally Posted By E.G.B.
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
GuitarDude Offline
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GuitarDude
Joined: Nov 2004
Posts: 5,925
So Cal
Originally Posted By HRH Okie Banker
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. wink
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#2050999 - 11/23/15 07:40 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,844
Pulling people out of the ditc...
but if you wait until tomorrow to check, you're down to 610...
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#2051565 - 11/27/15 08:21 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
GenerousLife Offline
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Joined: Feb 2002
Posts: 1,466
USA
Full retirement in 215 days, 9 hours and 37 minutes.
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#2051568 - 11/27/15 09:05 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
cheekEE Offline
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Joined: Jun 2005
Posts: 4,594
Easy Street
I'm thrilled at the prospect of working until I'm 67. Only 27 more years to plan what I will do next! laugh
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#2051571 - 11/27/15 09:14 PM Re: How Retirement Age Affects SS benefits Elwood P. Dowd
TMatt87 Offline
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TMatt87
Joined: May 2011
Posts: 1,984
Idaho
40 years and counting...
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