Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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Go to the SS office in Leesburg. Make an appointment. They are very helpful!!!
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New Jersey, New York Germany, California Northern MN, The Villages Next stop? |
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#17
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#18
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#19
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Life Expectancy at age 62 for a man is age 81.4 (19.4 years), for a woman age 84.3 (22.3 years). Half will make it that far, half won't. For the AVERAGE person, the choice to start receiving retirement benefits early will ultimately mean receiving a smaller total lifetime benefit.
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KayakerNC Mt Clemens, MI Newport, NC Suffering from TV envy |
#20
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Social Security Traps
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#21
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The Social Security Administration uses actuary science to determine the amount of the reduction for collecting benefits at an earlier age. If you expect to live beyond the average age, it would pay to delay collecting benefits. If you do not expect expect to live beyond the average age, then you should start collecting earlier.
This, of course, does not take into account any other factors that may be important for you, such as the spousal benefits mentioned in previous posts, as well as whether the Social Security benefit is needed to cover monthly expenses. |
#22
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#23
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How we spend our days is how we spend our lives. We make a living by what we get, but we make a life by what we give. |
#24
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Assuming it is actually extra money! Meaning it is in excess of what is needed to pay regular bills and expenses... today and tomorrow! The other side of the issue is: One lives to be old and runs out of money and does not have enough income to make ends meet.... IOW pay the bills! It seems that only a few people realize they can reassess their situation each year, from 62 to 70 to determine if "now" is the time to take it, based on how their financial situation in retirement is turning out. |
#25
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Median Age: The age that divides a population into two numerically equal groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population. According to data compiled by the Social Security Administration: A man reaching age 65 today can expect to live, on average, until age 84. A woman turning age 65 today can expect to live, on average, until age 86. And those are just averages. https://www.socialsecurity.gov/plann...expectancy.htm
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KayakerNC Mt Clemens, MI Newport, NC Suffering from TV envy |
#26
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For example, consider the following 5 numbers; 65, 65, 66, 90, and 90. The median, which is the number that has half below it and half above it is 66. The mean is the average of the 5 numbers i.e., (65+65+66+90+90)/5 = 76. Last edited by Average Guy; 01-28-2014 at 12:33 PM. Reason: typo |
#27
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Hmmmm.....does that mean we need to change your User name to "Median Guy"?
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"Carpe the heck out of your Diems- with joy!" "Do no harm" (but take no sh**!) |
#28
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https://www.socialsecurity.gov/oact/STATS/table4c6.html
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KayakerNC Mt Clemens, MI Newport, NC Suffering from TV envy |
#29
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Not me.
I don't care what the calculations are - I'm taking the $$ at 62 and running with it!! I'll worry about it while I'm lounging by the pool in TV.
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Live, love, laugh and eat chocolate. Simsbury, CT; Alpharetta, GA Visited The Villages in Oct., '09 Working on making it permanent. |
#30
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Yes they do and know way more than you or I!
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Closed Thread |
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