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Old 09-16-2011, 08:18 AM
 
380 posts, read 1,083,219 times
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yes ma'm that extra $320 will come in handy one way or the other.
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Old 09-16-2011, 08:24 AM
 
9,911 posts, read 9,299,531 times
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Originally Posted by Jamerschris View Post
yes ma'm that extra $320 will come in handy one way or the other.

In 40 years Social Security may be something you read about in the history books.
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Old 09-16-2011, 09:40 AM
 
Location: SW MO
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Originally Posted by CarolinaWoman View Post
In 40 years Social Security may be something you read about in the history books.
Sometimes it pays, literally, to be a geezer!
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Old 09-16-2011, 11:13 AM
 
29,767 posts, read 34,851,819 times
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Originally Posted by Jamerschris View Post
I got the summary at in the year 2051 I can expect a monthly payment of $320... again I never expected to get it this early. I just asked some of you if you knew why they started it at 65 and not earlier. It says if you put 10 years at UPS then you can get your pension at 50.
It is a life long pension once it begins. The earlier the allow you to take it the more they have to pay out. They have it amoritized based on average life expectancy after age 65. If it was age 63 the payout would be lower.
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