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)
View Poll Results: At what age did you start receiving social security?
Before 62 13 8.84%
62 63 42.86%
63 6 4.08%
64 7 4.76%
65 11 7.48%
66 22 14.97%
67 4 2.72%
68 4 2.72%
69 1 0.68%
70 13 8.84%
After 70 3 2.04%
Voters: 147. You may not vote on this poll

Reply Start New Thread
 
Old 08-22-2017, 10:58 PM
 
13,319 posts, read 25,558,234 times
Reputation: 20505

Advertisements

I will file for Medicare and Soc. Sec. three months before turning 65. My FRA is about 66 but I am just too tired to care. I will start getting my (private) pension and in January and then Soc Sec and Medicare should start in April.
Reply With Quote Quick reply to this message

 
Old 08-23-2017, 02:54 AM
 
71,540 posts, read 71,712,424 times
Reputation: 49125
Quote:
Originally Posted by SunGrins View Post
Surviving spouse can collect at 60.
technically it is survivor benefits and not retirement social security. it actually comes out of a different fund .
Reply With Quote Quick reply to this message
 
Old 08-23-2017, 06:55 AM
 
Location: Planet Woof
3,139 posts, read 3,507,801 times
Reputation: 9889
Age 62, first month coverage, March. First deposit, April. Long-term under-employment. I got tired of being hungry. Life is good now.
Reply With Quote Quick reply to this message
 
Old 08-23-2017, 07:26 AM
 
Location: Baltimore
1,802 posts, read 7,296,037 times
Reputation: 1914
62. I am less interested in getting back more over the long run by waiting than I am in being able to spend the money while I'm young and healthy enough to be able to enjoy life now. My pension covers the necessities, but the extra $$$ from SS permits me to travel more and to eat out and otherwise enjoy life. I hope I live a long enough life that I would have ended up with more money by waiting, but what good is a few extra dollars when I'm 80 if I'm not healthy enough to spend it? Nothing is guaranteed.
Reply With Quote Quick reply to this message
 
Old 08-23-2017, 07:29 AM
 
71,540 posts, read 71,712,424 times
Reputation: 49125
no one who delays taking ss while stopping work should ever delay if they do not have enough to lay out the ss difference up front . it would make little sense .

generally those who delay take their full draw day 1 and all that happens when ss kicks in is the composition changes from all their own money to more social securities money and less of their own .

if you can't afford to lay out the difference up front then you likely can't have the choice to delay because waiting years to spend more has no logic.

so as an example right now we are taking our full amount in retirement from ourselves . once the checks kick in , the amount stays the same but we draw way less of our own money . you would need 70% less of your own money at 70 vs 62 to arrive at the same income .
Reply With Quote Quick reply to this message
 
Old 08-23-2017, 07:36 AM
JRR
 
Location: Middle Tennessee
3,679 posts, read 2,225,729 times
Reputation: 5230
I started taking spousal benefits at 66; will take my full benefits at 70. My wife started collecting hers at a couple of months past 64
Reply With Quote Quick reply to this message
 
Old 08-23-2017, 07:52 AM
 
Location: Idaho
4,625 posts, read 4,464,781 times
Reputation: 9045
It is interesting, and comforting, to know that we here on C-D are "normal". So far, after 44 votes, the results mirror almost exactly the chart put out by the SS Admin showing the age of filing for benefits.

In their chart, the largest percentage by far, almost 45%, file at age 62. The next higher percentage is at 66 with 21%, the current Baby Boomer FRA.

__________________


Moderator posts will always be Red and can only be discussed via Direct Message.
C-D Home page, TOS (Terms of Service), How to Search, FAQ's, Posting Guide
Moderator of Idaho, Montana, Wyoming, Guns and Hunting, and Weather


Reply With Quote Quick reply to this message
 
Old 08-23-2017, 08:06 AM
 
Location: Currently in CT but have recently started construction for our retirement home in NH
291 posts, read 232,007 times
Reputation: 756
Start collecting at 62 as soon as I was eligible (last year). I did the math and the breakeven point if I waited for full benefit (at 66) would be when I reached 79 years old. Not worth the wait IMO.
Reply With Quote Quick reply to this message
 
Old 08-23-2017, 08:20 AM
 
71,540 posts, read 71,712,424 times
Reputation: 49125
generally the choice between delaying or early is not going to be about breaking even .

if you are living off your portfolio it is about do you want to be more dependent on markets ,rates and inflation for 8 years and as much as 70% less dependent for what could be decades latert ? or more dependent on longevity .

it boils down to more market risk or more longevity risk . take your pick .

Last edited by mathjak107; 08-23-2017 at 08:52 AM..
Reply With Quote Quick reply to this message
 
Old 08-23-2017, 08:48 AM
 
Location: WA
5,395 posts, read 21,393,457 times
Reputation: 5893
Spouse at 66, me when 70.
Reply With Quote 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.


Reply
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
Similar Threads
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