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Old 02-12-2016, 01:09 PM
 
6,321 posts, read 5,061,406 times
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Quote:
Originally Posted by dman72 View Post
NYPD/NYFD, Railroad employees. The system is filled with people out on "disability", ie 90% of their salary vs 65% they'd be getting on a normal pension. There are certain doctors who vouch for you (you pay them off) and you are suddenly "disabled".
yes, but that is "disability". Is it called medically retired?

Where do they find these doctors that are paid off? The VA uses their own doctors or contracts out. I just cannot see how they would take a bribe. But then I guess I am nave - lol.
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Old 02-12-2016, 01:10 PM
 
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It's one of the many things that people turn out to be when I probe them on being "retired" young.


People qualify for vague ailments all the time; fibromyalgia and PTSD are two more now that can't be proven or disproven. Just complain of the symptoms, and you're pretty much in!
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Old 02-12-2016, 01:20 PM
 
Location: Colorado Springs
4,845 posts, read 4,959,765 times
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The average SS disability payment is $1166. That's just $14K per year.

That's not much luxury.
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Old 02-12-2016, 01:25 PM
 
7,801 posts, read 4,393,390 times
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Quote:
Originally Posted by Vision67 View Post
The average SS disability payment is $1166. That's just $14K per year.

That's not much luxury.
Don't forget the hidden paycheck: food stamps, free medical, housing and utility help....


It's plenty to "retire" on in comfort!
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Old 02-12-2016, 01:28 PM
 
Location: Colorado Springs
4,845 posts, read 4,959,765 times
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Quote:
Originally Posted by otterhere View Post
Don't forget the hidden paycheck: food stamps, free medical, housing and utility help....


It's plenty to "retire" on in comfort!
Maybe true if you're living in a single wide in rural Alabama.
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Old 02-12-2016, 01:31 PM
 
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Housing subsidies. Trust me, once you're on the government teat, you won't want for anything!
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Old 02-12-2016, 05:52 PM
 
Location: Southwest Washington State
21,868 posts, read 14,390,517 times
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If someone says he or she is retired, then I understand it to mean they have decided to stop working. I don't know any special definitions. Why would you care about the circumstances?
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Old 02-12-2016, 06:02 PM
 
Location: Stephenville, Texas
954 posts, read 1,444,006 times
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I can't help wonder how much better off Social Security would be if even some of these people who "retired" early had worked until at least 62?
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Old 02-12-2016, 06:16 PM
 
Location: North West Arkansas (zone 6b)
2,673 posts, read 2,014,955 times
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my brother in law retired at 49 or 50. He worked as an investment banker traveling all over the world for about 15 years. At his peak, he earned 1 million per year and he continued working until he could ensure his daughter wouldn't have to work either. He currently lives in London and I think they have free health coverage.

Now he works at staying out of his wife's hair and making sure they are frugal enough to make their money last.
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Old 02-12-2016, 06:31 PM
 
Location: Forests of Maine
30,686 posts, read 49,462,974 times
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Quote:
Originally Posted by Backintheville2 View Post
I can't help wonder how much better off Social Security would be if even some of these people who "retired" early had worked until at least 62?
Makes no difference.

Pensions dont pay into SS, people on a pension only contribute to SS while they are working. Just like everyone else they begin getting SS benefits at the same age.

If you stop working at 50 and live off your savings until your 65, that last 15 years means that you paid into your SS policy so much less. You benefit will be less.
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