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Old 01-21-2014, 12:11 PM
 
Location: conyers, ga
3 posts, read 9,197 times
Reputation: 10

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I just applied to social security for retirement at 62. My birthday was in November. Am I able to collect the earlier months i missed?
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Old 01-21-2014, 12:18 PM
 
Location: Idaho
5,582 posts, read 5,596,933 times
Reputation: 11608
no
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Old 01-21-2014, 12:28 PM
 
85,773 posts, read 83,257,557 times
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Your payment is a few bucks higher to reflect that.
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Old 01-21-2014, 12:45 PM
 
Location: OH>IL>CO>CT
6,221 posts, read 10,044,995 times
Reputation: 8964
Wink Bad news and Good news

Quote:
Originally Posted by robug1951 View Post
I just applied to social security for retirement at 62. My birthday was in November. Am I able to collect the earlier months i missed?
You will not get any retroactive monthly payments, but your benefit amount should be slightly higher by about 4/10 of 1% per month of delay from November ( ie, about $4 more per $1000)

See chart at Full Retirement Age: If You Were Born Between 1943 And 1954
where, for your age:
62 + 0 months delay = 75% of FRA
62 + 1 months delay = 75.4% of FRA
62 + 2 months dealy = 75.8% of FRA
etc
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Old 08-04-2014, 06:59 AM
 
Location: Near a river
16,042 posts, read 20,073,207 times
Reputation: 15724
New report (8-4-14) on Social Security:

ww.cbsnews.com/news/social-securitys-new-report-has-a-clear-message/
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Old 08-05-2014, 04:03 PM
 
Location: Prescott AZ
6,626 posts, read 10,171,832 times
Reputation: 13058
NEG: What does it say? I couldn't open it...
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Old 08-05-2014, 04:57 PM
 
Location: San Antonio
7,629 posts, read 15,020,934 times
Reputation: 18736
Social Security's new report has a clear message - CBS News
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Old 08-05-2014, 05:09 PM
 
11,181 posts, read 10,413,953 times
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Is the only money funding s/s from FICA (payroll taxes)? Or, is the govt somehow subsidizing s/s as well?

If the govt throws money into the s/s kitty; just think how much more they could contribute if we weren't spending billions on illegals.
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Old 08-05-2014, 05:41 PM
 
Location: Baltimore, MD
4,209 posts, read 4,687,304 times
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Quote:
Originally Posted by katie45 View Post
Is the only money funding s/s from FICA (payroll taxes)? Or, is the govt somehow subsidizing s/s as well?

If the govt throws money into the s/s kitty; just think how much more they could contribute if we weren't spending billions on illegals.
The government is not subsidizing Social Security, but the "illegals" are throwing a LOT of money into the kitty. In 2010 alone, they "contributed" $12 billion, net. I don't know what the most recent stats are but here's the 2010 info from the horse's mouth. http://www.socialsecurity.gov/oact/N...es/note151.pdf

Just think of all of the money they must have contributed over the last 20-30 years. Damn them!
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Old 08-06-2014, 01:04 AM
 
477 posts, read 435,570 times
Reputation: 1547
It would help if the government hadn't regularly raided SS funds, spending the money on other things every time the fund showed a surplus, and/or the government budget had a deficit - which has been every year for some time now.
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