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 12-20-2016, 03:42 PM
 
Location: Columbia SC
8,975 posts, read 7,749,631 times
Reputation: 12182

Advertisements

Hope the link works:

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

It works.
Quick reply to this message

 
Old 12-22-2016, 10:46 AM
 
Location: USA
1,815 posts, read 2,244,017 times
Reputation: 4139
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?
Quick reply to this message
 
Old 12-22-2016, 11:00 AM
 
Location: Baltimore, MD
3,745 posts, read 4,219,341 times
Reputation: 6866
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
Quick reply to this message
 
Old 12-23-2016, 10:55 AM
 
Location: USA
1,815 posts, read 2,244,017 times
Reputation: 4139
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


Thank you
Quick reply to this message
 
Old 12-24-2016, 08:20 AM
 
33,046 posts, read 22,067,502 times
Reputation: 8970
Quote:
Originally Posted by johngolf View Post

Not enough for a burger flipper to live on?
Quick reply to this message
 
Old 12-24-2016, 08:23 AM
 
71,643 posts, read 71,777,271 times
Reputation: 49235
a burger flipper better live at home or be born wealthy to retire
Quick reply to this message
 
Old 12-25-2016, 08:38 AM
 
Location: WA
5,396 posts, read 21,401,588 times
Reputation: 5898
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.
Quick reply to this message
 
Old 12-25-2016, 08:42 AM
 
71,643 posts, read 71,777,271 times
Reputation: 49235
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
Quick reply to this message
 
Old 12-25-2016, 07:19 PM
 
33,046 posts, read 22,067,502 times
Reputation: 8970
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.
Quick reply to this message
 
Old 12-25-2016, 07:23 PM
 
33,046 posts, read 22,067,502 times
Reputation: 8970
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.
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