Social Security

Discussion in 'Bad Dog Cafe' started by chet again, Jul 17, 2019.

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  1. chet again

    chet again Tele-Holic

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    I signed up for mine today. I'll get way more than I thought I would (yay!). With this and my pension I should be set. I'm signing up early since I don't know how long they're going to be able to keep it going. :rolleyes:

    I want to do some volunteer work if I'm able so I want to keep my time free for now.
     
  2. Mike Simpson

    Mike Simpson Doctor of Teleocity Silver Supporter

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    I started several months back.
     
  3. L.A. Mike

    L.A. Mike Tele-Holic

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    If that gets reduced or eliminated, there will be protests like have never been seen before.
    The solution for funding it is simple, but I'll get banned for going political if I go any further.
     
  4. boneyguy

    boneyguy Doctor of Teleocity

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    Eat the rich!!!!
     
  5. chet again

    chet again Tele-Holic

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    Yeah, keep the "P" stuff out of this.
     
  6. Nightclub Dwight

    Nightclub Dwight Tele-Afflicted

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    But fart jokes are still ok, right?
     
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  7. Grant Austin

    Grant Austin Tele-Meister

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  8. chet again

    chet again Tele-Holic

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    Were you early?


    I wish I would've started at 62.
     
  9. aerhed

    aerhed Friend of Leo's

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    What is this pension thing you speak of? Unfamiliar term for us that are self devoid.
     
  10. Tonetele

    Tonetele Poster Extraordinaire

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    They shut down a GM plant nearby and now 40% of my area is unemployed and said to be living on Social Security. Sad to see people in supermarkets adding up their food bells as they shop.
     
  11. Rick330man

    Rick330man Tele-Afflicted

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    In the U.S., there's Social Security Retirement, Social Security Disability and Social Security Supplemental. I assume the O.P. is talking about regular Social Security Retirement.
     
  12. Chunkocaster

    Chunkocaster Poster Extraordinaire

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    They came up with a plan to keep social security going where I am but unfortunately the plan has been draining it faster than before it was implemented.
     
  13. burntfrijoles

    burntfrijoles Poster Extraordinaire

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    Congrats. You (and I) are some of the fortunate few who have a pension, which is a dying benefit and staple from a different period. I wouldn't worry about Social Security. They really can't stop it or convert it to a private program. There are simply too many who depend upon it for survival. They will have to find a way to sustain it.
    You'll get an even more important benefit when you are eligible for Medicare. No one can survive their seniors years without it. I've been retired for nearly 5 years. I've had two surgeries and an accident, the sum of which could have wiped out my non-retirement savings. I'm nearly 70 and in reasonably good health.
     
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  14. Kerberos

    Kerberos Tele-Holic Silver Supporter

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    OK....Don't fret signing up early. My wife and I both signed up at 62. From the SS Statement that was being sent regularly it showed how much you would receive at various ages. Full SS was at age 66 for us both. I calculated if I started at 62, then at 66. I wanted to see how much I would collect before the later retirement age caught up with what I collected already. It took just over 11 years. So I would be 77 before I got ahead. Judging how long the males live in my family, it wasn't worth it.
     
  15. thunderbyrd

    thunderbyrd Poster Extraordinaire Silver Supporter

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    I am a year and a half away from 62, my wife will be 62 in dec. I am curious as to how difficult is was to get it going and how long it took to start receiving money? do you have to go to their office or can one do it over the phone?

    and can you receive the benefit while still working?
     
  16. GuitarGeorge

    GuitarGeorge Tele-Meister

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    Mine comes second Wednesday of the month like clockwork since 2002.
     
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  17. SacDAve

    SacDAve Poster Extraordinaire

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    I singed up at 62 when the economy tanked had no choice. I use most the SS for a vacation fund.
     
  18. burntfrijoles

    burntfrijoles Poster Extraordinaire

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    It was very quick. If I recall, I received my first check within 45 days or less.
    As for working you can earn a maximum of $17,640 ($1,470 per month). The amount goes up each year. If you are collecting Social Security retirement benefits before full retirement age, your benefits are reduced by $1 for every $2 you earnover the limit.
     
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  19. bullfrogblues

    bullfrogblues Friend of Leo's

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  20. uriah1

    uriah1 Telefied Ad Free Member

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    Just hope they don't borrow from it any more.
    Need my grandkids to have it.
    I would like to compare to other countries.
    Ps. this thread may come to an abrupt halt soon. fyi
     
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