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Old 12-25-2016, 07:25 PM
 
Location: North Beach, MD on the Chesapeake
33,892 posts, read 42,123,479 times
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Quote:
Originally Posted by freemkt View Post
At 62, a burger flipper is extremely unlikely to have surviving parents.
What would that be? A burger flipper would probably be just as likely to have surviving parents at 62 as anyone else. They would likely be pushing 80 plus.
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Old 12-25-2016, 07:29 PM
 
3,118 posts, read 1,722,097 times
Reputation: 3507
Quote:
Originally Posted by cdelena View Post
I know a burger flipper that retired and he does OK using the many social services available. He gets a little SS, rental voucher, a transportation voucher, food stamps, Medicaid, a phone, etc. and lives frugally.
Good for him.
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Old 12-25-2016, 07:32 PM
 
3,118 posts, read 1,722,097 times
Reputation: 3507
Quote:
Originally Posted by mathjak107 View Post
in effect many are not really retiring on just ss as freemkt tried to infer . they qualify for many perks that make their apparent income larger .

many family's here in nyc have incomes under 15k but have as much apparent cash flow as those earning more than 50k . just getting medicaid is worth 15k to a couple in income . likely more because deductibles and out of pockets are covered
I think she said he does OK and lives frugally. That does not equal to cash flow. A cash trickle is more like it.
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Old 12-25-2016, 11:15 PM
 
2,294 posts, read 1,561,151 times
Reputation: 2737
Quote:
Originally Posted by freemkt View Post
Housing vouchers go to welfare mothers, the elderly, and some of the disabled. Hard for an able-bodied, working-age burger flipper to get one.
A 60 something person who has never been able to get a job other than burger flipping is a loser.
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Old 12-26-2016, 03:07 AM
 
Location: Wildside of Oahu
1,412 posts, read 2,783,775 times
Reputation: 2433
Quote:
Originally Posted by Burkmere View Post
A 60 something person who has never been able to get a job other than burger flipping is a loser.
there are many seemingly "normal" people who have learning disabilities such as dyslexia or Adha
who are stuck in entry level jobs their whole lives.
Doesn't mean they're stupid or lazy. Or a loser. Smh.
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Old 12-26-2016, 03:18 AM
 
71,564 posts, read 71,730,589 times
Reputation: 49168
they are not losers , that was a bad choice of wording .but , yes , they may be financial failures for whatever reasons
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Old 12-26-2016, 04:51 AM
 
7,185 posts, read 2,754,849 times
Reputation: 3172
Quote:
Originally Posted by Red On The Noodle View Post
Question

In years past, when people took early SS at age 62, was the reduction of benefits as great a percentage then as it is now?
The deduction is calculated by Full Retirement Age (FRA) minus a fixed percent for months less than FRA, multiplied by the number of months. I think it is something like 1.5%.

So, the reduction itself is larger if your FRA is 60 months away (age 67-62=60 months) than if it used to be at 36 months away (age 65-62=36 months) months, if you start at age 62. Something like 9% less than FRA now, versus about 5.5% less in the good old days.
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Old 12-26-2016, 05:49 AM
 
Location: Mount Airy, Maryland
10,461 posts, read 5,928,514 times
Reputation: 16156
Quote:
Originally Posted by lenora View Post
No. The later one's full retirement age, the greater the deduction.

https://www.ssa.gov/planners/retire/agereduction.html
This does not answer the question which was is the penalty for filing early higher now? As far as I know it is not.
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Old 12-26-2016, 08:17 AM
 
15,734 posts, read 9,251,350 times
Reputation: 14217
Quote:
Originally Posted by freemkt View Post
Housing vouchers go to welfare mothers, the elderly, and some of the disabled. Hard for an able-bodied, working-age burger flipper to get one.
Nor should it. If you are able-bodied, you should either be working 2 or 3 jobs, or doing something to increase your income. I don't want MY hard earned dollars going to support someone too lazy to better themselves.
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Old 12-26-2016, 09:47 AM
 
2,294 posts, read 1,561,151 times
Reputation: 2737
Quote:
Originally Posted by Joliefille View Post
there are many seemingly "normal" people who have learning disabilities such as dyslexia or Adha
who are stuck in entry level jobs their whole lives.
Doesn't mean they're stupid or lazy. Or a loser. Smh.
Yes, of course. I chose a wrong word. I apologize. I am sensitive to folks who have unfortunate things happen to them. I was referring to our "friend" who posts here all the time and has a million excuses and hasn't given a satisfactory reason why he can't help himself live a better life.

There are burger flippers who I have great admiration for because they are doing all they can to contribute to society given their circumstances in life. I admire them.
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