U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 09-28-2016, 04:37 PM
 
14,260 posts, read 23,995,588 times
Reputation: 20076

Advertisements

Quote:
Originally Posted by mrs.cool View Post
And here I thought they were being witty on their own!!
(BTW, what movie is it from?)

FAME (1980)
Fame (1980) - IMDb

A student from a wealthy family says to another student: "My stepmother lost her Visa card last month. My father never canceled the card because the thieves were speding less than my stepmother did."
Quick reply to this message

 
Old 09-28-2016, 04:38 PM
 
Location: North Beach, MD on the Chesapeake
33,896 posts, read 42,133,814 times
Reputation: 43298
Quote:
Originally Posted by mrs.cool View Post
And here I thought they were being witty on their own!!
(BTW, what movie is it from?)
I was.
Quick reply to this message
 
Old 09-29-2016, 11:54 AM
 
3,373 posts, read 3,785,425 times
Reputation: 4189
Quote:
Originally Posted by North Beach Person View Post
I was.
tee hee...sorry JLawrence ratted you out.
Quick reply to this message
 
Old 09-29-2016, 02:27 PM
 
Location: North Beach, MD on the Chesapeake
33,896 posts, read 42,133,814 times
Reputation: 43298
Quote:
Originally Posted by mrs.cool View Post
tee hee...sorry JLawrence ratted you out.

He ratted out Mathjak.
Quick reply to this message
 
Old 09-30-2016, 11:38 AM
 
2,678 posts, read 1,543,054 times
Reputation: 2587
I'm always curious about these questions of timing of SS payout - now, or wait while the monthly amount builds?

IIRC, from SSA's POV, it does not matter. The recipient will receive the same amount over their estimated lifetime, at least on average. Not that any of us are average! Then there is the time value of money...

So essentially, you buy a lottery ticket. Will you live longer and come out ahead? or will you live shorter and lose? So you wait until 70 and die at 72. You lose. Who knows when they go?

JMHO
Quick reply to this message
 
Old 10-01-2016, 02:06 AM
 
71,593 posts, read 71,751,865 times
Reputation: 49204
if you are a couple ss is not neutral anymore . the odds are as high as 74% that one person in a couple who is 65 will see 85. that puts you well ahead delaying .

but for those living off their portfolio delaying is not about breaking even . it is about do you want to be subject more to markets and interest rate risks for your income or bet more on your own longevity and what amounts to a gov't bond for your income ?

the 69% bigger check by delaying makes a big difference in how depended your income is on markets .

spending early on can be a bit higher delaying ss since ss has no sequence risk to allow for . you do not wait until 70 to spend more .

you spend more day 1 and let that bigger check refill you later on .

it is never about what if i die , as humans it is all about what if we live .
Quick reply to this message
 
Old 10-01-2016, 04:02 AM
 
71,593 posts, read 71,751,865 times
Reputation: 49204
Quote:
Originally Posted by North Beach Person View Post
He ratted out Mathjak.
don't worry , i still got a lot more jokes i stole .
Quick reply to this message
 
Old 10-01-2016, 07:17 AM
 
4,481 posts, read 4,743,979 times
Reputation: 9940
and so it goes...
Quick reply to this message
 
Old 10-05-2016, 11:11 AM
 
Location: In The Pacific
986 posts, read 1,178,992 times
Reputation: 1233
I retired 6 yrs early from my combined civil service job and military reserves at age 49 and started collecting my civil service pension immediately after retiring (moved to the Philippines to retire) and my military pay at 60 and SSA at 62. I'm now 68 and doing well with all of my U.S. government pensions. I have no complaints retiring 6 yrs early.
Quick reply to this message
 
Old 10-05-2016, 05:12 PM
 
2,792 posts, read 999,054 times
Reputation: 3242
Quote:
Originally Posted by mathjak107 View Post
if you are a couple ss is not neutral anymore . the odds are as high as 74% that one person in a couple who is 65 will see 85. that puts you well ahead delaying .

but for those living off their portfolio delaying is not about breaking even . it is about do you want to be subject more to markets and interest rate risks for your income or bet more on your own longevity and what amounts to a gov't bond for your income ?

the 69% bigger check by delaying makes a big difference in how depended your income is on markets .

spending early on can be a bit higher delaying ss since ss has no sequence risk to allow for . you do not wait until 70 to spend more .

you spend more day 1 and let that bigger check refill you later on .

it is never about what if i die , as humans it is all about what if we live .
And as I posted on the other thread, it makes sense to use your savings to get the higher SS payment, but how will people using those savings react to a bear market when their savings start to deplete faster than planned and the human reaction is to cut back. How will that affect your enjoyment of the best years of your retirement when you can actually have the health to do things?

So quality of life and peace of mind are things to consider.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:
Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top