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Old 01-04-2016, 12:09 PM
 
23 posts, read 21,826 times
Reputation: 54

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I am one year from collecting Social Security. My husband will start collecting in 2 years.


I suspect it will be an emotional experience. An electronic payment will come into my bank account with a 99% chance of it coming every month until I die. Those are good odds.


With my investment income and Social Security there is a 99% chance I will never have to worry about my financial needs. Those are good odds.


And there is a 99% chance I will never have to work again. THOSE ARE GOOD ODDS!


(This from a person who has struggled with bad jobs, layoffs, terminations, bad bosses, unemployment and many a financial crisis. When that first Social Security Check comes in it will be an emotional experience.)


How was it for you?

Last edited by likable; 01-04-2016 at 12:22 PM..
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Old 01-04-2016, 12:11 PM
NCN
 
Location: NC/SC Border Patrol
21,135 posts, read 21,904,692 times
Reputation: 23218
Is that all I get?

Now ask me how I felt on my first day of retirement. It was a joyous relaxed feeling. No SS was involved. Still love it.

You get up every day and decide what you want to do.
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Old 01-04-2016, 12:15 PM
 
Location: New Oxford, PA
120 posts, read 59,285 times
Reputation: 464
I'm almost in the same boat. I was lucky enough to get into Civil Service at age 21. Retired last month at age 46, and my first pension check should be here any day, now.

I'll let you know how it feels.
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Old 01-04-2016, 12:23 PM
 
23 posts, read 21,826 times
Reputation: 54
Yes, I understand that many of the posters are people with millions saved or have a great pension and Social Security is not as big of thing as most people.
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Old 01-04-2016, 12:32 PM
NCN
 
Location: NC/SC Border Patrol
21,135 posts, read 21,904,692 times
Reputation: 23218
As a couple, we pay more taxes back to the government than I get in SS. However I retired at 61 with full retirement from my job and something that is called a separation allowance that I paid into that took me to the SS age of 62. My husband was still working so any money I received was like a bonus because he made enough to support me. I am right now looking forward to the mandatory amount I have to take out of my retirement accounts this year. It's a process. I would hate to try to live off SS.

Last edited by NCN; 01-04-2016 at 12:50 PM..
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Old 01-04-2016, 12:52 PM
 
10,391 posts, read 9,401,122 times
Reputation: 16010
Approximately five years before retiring I adjusted my budget as though I were already receiving s/s (was able to guesstimate the amount).

Not only did that prevent the "no paycheck" shock, it also provided a means to spend less and save more during the remaining years at work.
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Old 01-04-2016, 01:14 PM
 
Location: In the realm of possiblities
2,713 posts, read 2,285,035 times
Reputation: 3239
Living on a pension for 10 years, and FINALLY in June going to get some of my money back that Sam has been taking care of for me all these years. With emphasis on some of the money.
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Old 01-04-2016, 01:22 PM
 
Location: SoCal
13,305 posts, read 6,369,679 times
Reputation: 9937
I think it should be happy emotions but not an emotional experience. It's close to neutral. But the check is certainly smaller then the ones we receive when we are working. But not sad either.
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Old 01-04-2016, 01:26 PM
 
Location: SF Bay Area
1,424 posts, read 2,433,645 times
Reputation: 1776
I was retired for over 10 years before qualifying for SS (I have a pension and income property). I knew how much I would be receiving in SS and the only words that describe how I felt are WOO HOO! It's ALWAYS nice to receive extra money each month!
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Old 01-04-2016, 01:50 PM
 
Location: middle tennessee
1,926 posts, read 994,079 times
Reputation: 7002
I didn't really believe it would happen until the first deposit arrived. I found it hard to imagine that I was going to get a big lump of cash every month for the rest of my life, no strings attached, nothing asked or required of me from this point on. It still amazes me.


Until the money was in the bank, I had about as much faith that it would be there as I did in winning the lottery or having Publisher's Clearing House show up at my door with a big check.


I love it. I am happy every month. Seriously.
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