[Stu from NYC]

Originally Posted by Michael G.

Makes sense to me, now go to Washington and tell them for the both of us.

Unfortunately their are too many vested interests that would never go for this.

[thevillages2013]

Originally Posted by Stu from NYC

Taught our kids and soon will be the grandkids turn. 11 year old already has small business washing cars.

I love that! Awesome.

[thevillages2013]

Originally Posted by biker1

Doubtful. First of all, 62 is not the retirement age. It is, however, the earliest you can take benefits at a reduction, a fairly substantial reduction. The full retirement age is between 65 and 67 depending on your age. You are old enough that it is doubtful that your full retirement age, or the age you can start taking reduced benefits, will change. I suspect the full retirement age will be gradually raised for younger people, similar to what was implemented in the last reform in 1983. Other possible reforms could be a change in the COLA calculation, an increase in the SS tax, and an elimination of the earnings ceiling for paying SS tax. Another possibility, which I would deem very unlikely, is means testing.

The break even point for me when comparing the reduced benefits at 62 compared to full retirement at 67 is at 79 years old. I’m rolling with 62 if things don’t change by then

[Stu from NYC]

Originally Posted by thevillages2013

I love that! Awesome.

People appreciate money more when they work for it.

[Djean1981]

If we the U.S. can send BILLIONS overseas, we should be able to fund seniors..

[Boomer]

We just finished watching “The Big Conn” on Apple TV.

It is a 4 episode docuseries about an East Kentucky lawyer, Eric Conn, who scammed Social Security out of 550 Million dollars. True story. Awful mess.

Boomer

[biker1]

Regardless of when people, on average, start taking their benefit (age 62-70), SS will pay out the same amount. On average, people die at approximately age 79. The crossover point is 79 for everyone. One possible way to impact this is to take your benefit at age 62 and invest the money. Depending on your return, the crossover point could be pushed out past age 79. This is really a great feature of SS because you can decide, based partly on your health and family longevity, when to start your benefit. Based on family history, I will start at age 70 unless I develop some health issues.

Originally Posted by thevillages2013

The break even point for me when comparing the reduced benefits at 62 compared to full retirement at 67 is at 79 years old. I’m rolling with 62 if things don’t change by then

[davem4616]

Originally Posted by Michael G.

Social Security checks could jump 8.6%, expert predicts.


MSN

When it comes to experts and the government I've learned to not count my chickens until they've hatched

the so called experts aren't always correct....most recent example, Ukraine was going to fall in 3 weeks