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Old 12-20-2016, 03:42 PM
 
Location: Columbia SC
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Hope the link works:

How much Social Security can you get at 62? - AOL Finance

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Old 12-22-2016, 10:46 AM
 
Location: USA
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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?
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Old 12-22-2016, 11:00 AM
 
Location: Baltimore, MD
5,327 posts, read 6,012,751 times
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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?
No. The later one's full retirement age, the greater the deduction.

https://www.ssa.gov/planners/retire/agereduction.html
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Old 12-23-2016, 10:55 AM
 
Location: USA
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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


Thank you
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Old 12-24-2016, 08:20 AM
 
33,016 posts, read 27,443,387 times
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Quote:
Originally Posted by johngolf View Post

Not enough for a burger flipper to live on?
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Old 12-24-2016, 08:23 AM
 
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a burger flipper better live at home or be born wealthy to retire
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Old 12-25-2016, 08:38 AM
 
Location: WA
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Quote:
Originally Posted by mathjak107 View Post
a burger flipper better live at home or be born wealthy to retire
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.
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Old 12-25-2016, 08:42 AM
 
106,579 posts, read 108,713,667 times
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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
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Old 12-25-2016, 07:19 PM
 
33,016 posts, read 27,443,387 times
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Quote:
Originally Posted by mathjak107 View Post
a burger flipper better live at home or be born wealthy to retire

At 62, a burger flipper is extremely unlikely to have surviving parents.
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Old 12-25-2016, 07:23 PM
 
33,016 posts, read 27,443,387 times
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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.

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.
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