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Old 04-22-2014, 08:22 PM
 
Location: Verde Valley AZ
8,617 posts, read 9,680,515 times
Reputation: 10960

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Quote:
Originally Posted by Clark Park View Post
My suggestion: find a roommate or roommates.

Those of you who know my situation understand that I live in a larger 3 story 6 bedroom c.1894 Victorian house in the University City neighborhood of Philadelphia, near Penn. I rent the three third floor bedrooms out. Officer Clark lives with Professor Robert (53), Handyman Rod (48), and Chef Joe (58). Their rent is a significant part of my income, it pays my mortgage and helps with the utility bills and repairs.

As a single person the real benefit of having tenants/housemates is the friendship, companionship, and the support system we have created for ourselves. The fact is, we are three mature guys not yet retired but getting close to it ... the male version of "The Golden Girls." We are good buddies, we help eachother out, and we sit around around the kitchen table with our mugs of coffee.

Might not a single retired person whose only income is a $700 monthly SS check benefit from living with another person in a similar situation?
In theory that sounds great but first you have to own a house, which I don't. Also I'm not so sure I could stand living with anyone else at this point in my life. Or if anyone else could stand living with ME! I have become quite self centered and selfish in my personal life and don't see that changing anytime soon. Maybe I've been living alone too long...16 years...but I LIKE it. So, I guess I'll just muddle along and survive on my own. So far, so good.
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Old 04-22-2014, 08:28 PM
 
Location: Verde Valley AZ
8,617 posts, read 9,680,515 times
Reputation: 10960
Quote:
Originally Posted by Ariadne22 View Post
So, you weren't married at least ten years so that you could qualify for half his SS? If he was a decent earner, 50% of that could be as much as $1,300/mo. Or, is yours more than 50% of his?
Married more than ten years but can't collect on his till HE turns 62. He's younger than I am (55) I'm pretty sure I'll die before he does. I have no idea what his SS will be. Not even concerned about it and don't much care at this point. If he were to die tomorrow I'd be on it like white on rice but as of now, it's of no interest to me.
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Old 04-23-2014, 05:09 AM
 
Location: Mount Airy, Maryland
10,460 posts, read 5,926,819 times
Reputation: 16156
Have a question: my wife's SS benefit is about half of mine. But she is 2 years older than I am. Can she file for her benefit before I do, allowing mine to get larger, then re-file and take the 50% of my benefit which at that point will be larger than her benefit?
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Old 04-23-2014, 11:05 AM
 
Location: State of Being
35,885 posts, read 67,160,016 times
Reputation: 22373
Quote:
Originally Posted by Clark Park View Post
My suggestion: find a roommate or roommates.

Those of you who know my situation understand that I live in a larger 3 story 6 bedroom c.1894 Victorian house in the University City neighborhood of Philadelphia, near Penn. I rent the three third floor bedrooms out. Officer Clark lives with Professor Robert (53), Handyman Rod (48), and Chef Joe (58). Their rent is a significant part of my income, it pays my mortgage and helps with the utility bills and repairs.

As a single person the real benefit of having tenants/housemates is the friendship, companionship, and the support system we have created for ourselves. The fact is, we are three mature guys not yet retired but getting close to it ... the male version of "The Golden Girls." We are good buddies, we help eachother out, and we sit around around the kitchen table with our mugs of coffee.

Might not a single retired person whose only income is a $700 monthly SS check benefit from living with another person in a similar situation?
Absolutely! If the person has property which would adapt to that situation . . . or even splitting rent on an apartment . . . it would be a solution for many folks.

I treasure my space and solitude more than most people, but if it meant the difference in having to give up my property, I would be flexible and see what is possible with having a roommate/s.
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Old 04-24-2014, 06:55 AM
 
Location: brooklyn, new york, USA
895 posts, read 928,252 times
Reputation: 1300
before a low wage worker gets old, he/she should use other talents besides actual labor. are you a pretty girl? get yourself a sugar daddy and use your beauty before it expires (i tell my gf this all the time - we have an "open" relationship). or marry a rich man. pretty boy? sell your services as an escort to lonely women. strong girl or boy? do additional labor outside of a mcjob to make more dough. if you are a smart boy or girl, then, well, you will not be a low-wage earner the rest of your life. only other way out is to live off social security and do odd jobs here and there and live below your means. you cannot stop working if you are poor. that's just how it goes.
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Old 04-24-2014, 07:12 AM
 
Location: Forests of Maine
30,680 posts, read 49,443,611 times
Reputation: 19129
Quote:
Originally Posted by Ariadne22 View Post
Homestead in WI means if your income is under $18,000/yr, you get a refundable tax credit up to $1,000 annually. At $18k/yr, you'd probably get $10. Low-income renters are also eligible. That Homestead Credit is a big deal to these people. No reduced property taxes for the elderly in WI - at all. My property taxes are $6k, I don't qualify for Homestead relief.
Your property taxes are $6k ? Wow that is high.
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Old 04-24-2014, 07:34 AM
 
Location: Mount Airy, Maryland
10,460 posts, read 5,926,819 times
Reputation: 16156
Quote:
Originally Posted by Hairy Guy View Post
before a low wage worker gets old, he/she should use other talents besides actual labor. are you a pretty girl? get yourself a sugar daddy and use your beauty before it expires (i tell my gf this all the time - we have an "open" relationship). or marry a rich man. pretty boy? sell your services as an escort to lonely women. strong girl or boy? do additional labor outside of a mcjob to make more dough. if you are a smart boy or girl, then, well, you will not be a low-wage earner the rest of your life. only other way out is to live off social security and do odd jobs here and there and live below your means. you cannot stop working if you are poor. that's just how it goes.
Ii sure hope this was a tongue in cheek post. Please tell me this was tongue in cheek.
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Old 04-24-2014, 09:34 AM
 
Location: Silicon Valley
18,094 posts, read 22,952,534 times
Reputation: 35230
Quote:
Originally Posted by Hairy Guy View Post
before a low wage worker gets old, he/she should use other talents besides actual labor. are you a pretty girl? get yourself a sugar daddy and use your beauty before it expires (i tell my gf this all the time - we have an "open" relationship). or marry a rich man. pretty boy? sell your services as an escort to lonely women. strong girl or boy? do additional labor outside of a mcjob to make more dough. if you are a smart boy or girl, then, well, you will not be a low-wage earner the rest of your life. only other way out is to live off social security and do odd jobs here and there and live below your means. you cannot stop working if you are poor. that's just how it goes.
Now you tell me!
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Old 04-24-2014, 10:00 AM
 
Location: Deep In The Heart of Texas
1,606 posts, read 1,271,121 times
Reputation: 3026
Quote:
Originally Posted by Linda_d View Post
It actually doesn't matter too much when you work the highly paid years because previous years are indexed for inflation when SS calculates your benefits. So, earnings of $7000 in 1975 might translate into $35000 in today's dollars (I don't know, I just used that number as an example). However, you have to have 35 years in, so if you have only 30 years (as many women do because they stayed home to care for their children) you get 0s averaged for those years, which is why so many women get more as spouses than on their own. If you have more than 35, then SS takes your highest 35.
I only know from my own experience that I earned a lot more in my last few years of work than I ever had in the past and it bolstered my s.s. benefit. We can't go back and earn more from past years but we can do something today to bolster the monthly payout!
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Old 04-24-2014, 10:02 AM
 
Location: Verde Valley AZ
8,617 posts, read 9,680,515 times
Reputation: 10960
Quote:
Originally Posted by Hairy Guy View Post
before a low wage worker gets old, he/she should use other talents besides actual labor. are you a pretty girl? get yourself a sugar daddy and use your beauty before it expires (i tell my gf this all the time - we have an "open" relationship). or marry a rich man. pretty boy? sell your services as an escort to lonely women. strong girl or boy? do additional labor outside of a mcjob to make more dough. if you are a smart boy or girl, then, well, you will not be a low-wage earner the rest of your life. only other way out is to live off social security and do odd jobs here and there and live below your means. you cannot stop working if you are poor. that's just how it goes.
I'll work till I die rather than participate in the 'trade offs' required for some of the things you are suggesting. Surely you don't think that women who do this don't have to put SOMETHING back into a relationship.
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