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)
Reply Start New Thread
 
Old 06-04-2019, 02:15 PM
 
Location: Gilbert, AZ
3,182 posts, read 1,958,918 times
Reputation: 3320

Advertisements

Quote:
Originally Posted by xray731 View Post
He's become a youtube junkie and ran across this and now is scared to wait as he thinks he'll lose SS monies.

Don't ever let him put "supervolcano" in the search bar, haha!
Reply With Quote Quick reply to this message

 
Old 06-04-2019, 06:01 PM
 
Location: Outer Boroughs, NYC
1,666 posts, read 1,308,203 times
Reputation: 1076
Quote:
Originally Posted by jasperhobbs View Post
How does that work if a person retires and starts collecting SS at 62 and then finds out they are not getting by and have to go back to work full time. Are they locked into collecting SS or can they delay it until they permanently retire?
My dad's lectures to "Take SS at 70!" are one thing, but what you write is more important. I have friends who took SS at age 63 and even right at their FRA (66). They are having more and more trouble making ends meet as they get further into their 70s. The monthly amount remains pretty much the same for life. (The SS agency's adjustments for inflation are small, and you don't get those every year.)
Reply With Quote Quick reply to this message
 
Old 06-04-2019, 06:06 PM
 
71,550 posts, read 71,712,424 times
Reputation: 49155
Quote:
Originally Posted by masonbauknight View Post
My dad's lectures to "Take SS at 70!" are one thing, but what you write is more important. I have friends who took SS at age 63 and even right at their FRA (66). They are having more and more trouble making ends meet as they get further into their 70s. The monthly amount remains pretty much the same for life. (The SS agency's adjustments for inflation are small, and you don't get those every year.)
most people who retire early have no choice to delay ...you need to have enough assets to safely lay out while delaying unless you have a pension or work . people who are having trouble making ends meet taking it early obviously don't have the funds to lay out to delay or they would be in better shape....

it sounds great to delay , but most do not have that choice .. delaying makes sense when you can take the full draw you will be living on and advance it to yourself while delaying ..if you have to wait 8 years to first get more money then you may want to rethink that idea . all that should change is the composition of your income and the ratio of your money and ss money , the amount should not change
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
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