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Old 03-25-2016, 01:35 PM
 
Location: Billings, MT
9,536 posts, read 7,841,803 times
Reputation: 13291

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Quote:
Originally Posted by jasperhobbs View Post
I will add to the conspiracy theory and maybe the social security checks have something on them that causes death in a few months. Best to be on the safe side and go with direct deposit.
Maybe that is why I have been retired and drawing SS for 12 years and still living. I have never held a SS check in my hand!
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Old 03-25-2016, 01:43 PM
 
Location: Long Neck , DE
4,903 posts, read 3,035,109 times
Reputation: 8025
Quote:
Originally Posted by Chavak View Post
I am sorry to hear about your brother, but none of us knows how long we will live.
Sad stories such as what happened to your brother happen, but on the flip side perhaps
he would have lived another 20 years and ended up running out of money.
There is just no way to predict.
I had been a heavy smoker in my younger days. I truly did not expect to live to a ripe old age. Started taking SS at 62. Guess who is mid 70s now!! Had I waited I be getting a lot more. You never know.
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Old 03-25-2016, 01:57 PM
 
Location: SoCal
13,230 posts, read 6,335,450 times
Reputation: 9849
I know too many drop off before collecting SS at age 62. Just recently was a guy I went to school it's, he died at 57. I'm under no illusion, I retire as soon as I can. So far so good.
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Old 03-25-2016, 01:59 PM
 
Location: SW Florida
9,759 posts, read 7,038,572 times
Reputation: 14295
Quote:
Originally Posted by Anonymous Lurker View Post
I was once told by someone to start paying attention to how many people that I personally know who began to collect social security, then watch to see how long they live after their benefits begin and notice how many die not long afterwards. This person claimed that there was some sort of conspiracy that caused people who began collecting Social Security to die shortly after because the system didn't want to pay out the money.


I laughed it off as being unfounded and nutty... that was until my father retied and began collecting his social security and 5 months later he died. The social security had recently sent him his payment but there is a clause in Social Security that says if the person dies within 8-10 days? after receiving their last SS payment that the payment must be returned to the government. Of course even if the individual paid into SS their entire life once they die their benefits (their money) cannot be given or transferred to their heirs, the government keeps it all.

It wasn't a few months later I then noticed another person I knew begin to collect SS and they too died soon after. Then a year later the same thing with my uncle, he began collecting SS and within 5-6 months he died too.
And then there is my mother, who has been collecting SS-from my dad's benefits, for 23 yrs.

Full Spring, I am sorry for your loss of your brother, and wish he had been able to enjoy his retirement when he wanted it.
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Old 03-25-2016, 02:39 PM
 
Location: SW MO
23,605 posts, read 31,487,261 times
Reputation: 29071
Quote:
Originally Posted by Vision67 View Post
Staying in a job that you hate generates stress. Too much stress can kill you.
Precisely why I retired at age 62. More money and higher Social Security and pension weren't worth sticking around for. Giver the neurological disorder that struck me at 65 I'm real glad I pulled the plug on work when I did. You just never know what's in store for you.
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Old 03-25-2016, 02:51 PM
 
12,825 posts, read 20,144,092 times
Reputation: 10910
Quote:
Originally Posted by Full Spring Greenery View Post
My brother hated his job but followed the financial experts who said he should wait until he was 67 before he retired and collect social security. The experts said he needed at least a million in investment and retirement accounts or he could not retire. He was just short of that figure so he decided to wait and collect more money.


The years between his 62nd and 67th birthday were tough. He hated working and his employer was always trying to get him to quit. It was tough on his mind body and spirit. Finally he reached age 67 and formally retired. A few months later he died suddenly of a massive heart attack.


If only he did not follow those silly experts, maybe he would still be alive today or at least his last five years would have been better!
And the moral of the story is what?

Ignore the actual real statistics and take your one-off "lightning struck" anecdote, throw all caution to the wind, and let it all hang out?

YEEEEEEEE HAWWWWWWW!

D_____ the torpedoes!
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Old 03-25-2016, 02:54 PM
 
12,825 posts, read 20,144,092 times
Reputation: 10910
Quote:
Originally Posted by jasperhobbs View Post
I will add to the conspiracy theory and maybe the social security checks have something on them that causes death in a few months. Best to be on the safe side and go with direct deposit.
Ohhhh yahhhh! I bet they spice up them envelopes with Polonium! When "they" are not tracking me and you with them black helicopters!

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Old 03-25-2016, 03:05 PM
 
Location: Mount Airy, Maryland
10,462 posts, read 5,930,681 times
Reputation: 16156
Thanks opening poster for the clarifying follow up post. I can see why you are angry at Fidelity, I agree their scare figures are not always true and are self serving. I do find it interesting though that all the stories here tend to go one way. Let's not forget there's plenty of stories of people who retired too early and now have to choose between medication and lunch
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Old 03-25-2016, 03:57 PM
 
1,918 posts, read 2,962,188 times
Reputation: 2494
Quote:
Originally Posted by Full Spring Greenery View Post
My brother hated his job but followed the financial experts who said he should wait until he was 67 before he retired and collect social security. The experts said he needed at least a million in investment and retirement accounts or he could not retire. He was just short of that figure so he decided to wait and collect more money.


The years between his 62nd and 67th birthday were tough. He hated working and his employer was always trying to get him to quit. It was tough on his mind body and spirit. Finally he reached age 67 and formally retired. A few months later he died suddenly of a massive heart attack.


If only he did not follow those silly experts, maybe he would still be alive today or at least his last five years would have been better!


A very sad story indeed, and you have my sincerest condolences. That being said, there is a lesson to be learned here, which is do NOT rely on the US Federal government to secure your retirement needs. Max out your 401k's, IRA's and every possible savings vehicle you can afford.


Plan ahead....way ahead.


SS
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Old 03-25-2016, 04:09 PM
 
729 posts, read 321,073 times
Reputation: 739
These millennials supporting Bernie/Hillary don't know what they're getting themselves into...
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