Retirement age ....
so to collect your full SS you have to be 68 I believe ? I was reading this story and wondered why a man in his 70's is still working ?
truth of the matter is most people can't afford to retire, it pisses me off that people work their whole lives and pay in to SS then collect
a very small part of that at an age when you need the money the most, for things like medical and so on, then on top of that you can only
collect at the age when your circling the drain so to speak.
Comments
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I don't think there should be a mandatory retirement age at all - many people have no desire to retire in their 60s and it has nothing to do with money. But I do think that 65 is a good age for when SS kicks in IF the person wants to retire. I also think that for those who choose not to retire until they are older, there should be some kind of compensation plan for them, to make up for the fact that they started collecting SS later, if right now someone who doesn't retire can't just start collecting it at a specific age. I think the CPP (Canada Pension Plan) just kicks in for Canadians when they turn 60, but they can wait to start collecting, and in that case the payments are higher. So if you decide to collect at 60 your payments are smaller than if you started collecting at 65, and if you wait until 70, your payments are higher than if you started at 65. But that is the pension plan. I am not quite sure how the Canadian social security payment works, but that kicks in at 65, and I don't think retirement is a requirement for this. All people 65 or older get that. So in the US, if you keep working, you just don't get SS until you retire?? That doesn't really seem fair.
Post edited by PJ_Soul onWith all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata0 -
I don't care what the US Government says....I'm retiring at 55. They don't help me much anyhow.hippiemom = goodness0
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Another bullshit regressive tax.
Star Lake 00 / Pittsburgh 03 / State College 03 / Bristow 03 / Cleveland 06 / Camden II 06 / DC 08 / Pittsburgh 13 / Baltimore 13 / Charlottesville 13 / Cincinnati 14 / St. Paul 14 / Hampton 16 / Wrigley I 16 / Wrigley II 16 / Baltimore 20 / Camden 22 / Baltimore 24 / Raleigh I 25 / Raleigh II 25 / Pittsburgh I 250 -
HesCalledDyer said:Another bullshit regressive tax.0
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I have mixed feelings about how social security is handled because it's like any other legal/institutional/bureaucratic contrivance- no matter how carefully you read the small print, you'll never fully understand it. Besides, the whole system is set to collapse under the weight of my boomer generation- there's a heck of a lot of us and a huge number at or reaching retirement age.
As for "retirement"- that's a strange concept to me. I don't know when I'll retire because I have no idea how old I will be when I die or become too senile to know the difference.
"It's a sad and beautiful world"-Roberto Benigni0 -
Retired at 40 going on 3 years. It's joyous.
No kids, decent wage and being smart goes a long way.
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From what I've heard you should always collect your ss at 62 because it'll take years to make up what you've missed.I'll ride the wave where it takes me......0
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Smellyman said:Retired at 40 going on 3 years. It's joyous.
No kids, decent wage and being smart goes a long way.
well done!By The Time They Figure Out What Went Wrong, We'll Be Sitting On A Beach, Earning Twenty Percent.0 -
Go Beavers said:HesCalledDyer said:Another bullshit regressive tax.
Star Lake 00 / Pittsburgh 03 / State College 03 / Bristow 03 / Cleveland 06 / Camden II 06 / DC 08 / Pittsburgh 13 / Baltimore 13 / Charlottesville 13 / Cincinnati 14 / St. Paul 14 / Hampton 16 / Wrigley I 16 / Wrigley II 16 / Baltimore 20 / Camden 22 / Baltimore 24 / Raleigh I 25 / Raleigh II 25 / Pittsburgh I 250 -
mcgruff10 said:From what I've heard you should always collect your ss at 62 because it'll take years to make up what you've missed.
"It's a sad and beautiful world"-Roberto Benigni0 -
HughFreakingDillon said:Smellyman said:Retired at 40 going on 3 years. It's joyous.
No kids, decent wage and being smart goes a long way.
well done!
But like the above pic, doing absolutely nothing is pretty great too.
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Smellyman said:HughFreakingDillon said:Smellyman said:Retired at 40 going on 3 years. It's joyous.
No kids, decent wage and being smart goes a long way.
well done!
But like the above pic, doing absolutely nothing is pretty great too.I'll ride the wave where it takes me......0 -
Godfather. said:
so to collect your full SS you have to be 68 I believe ? I was reading this story and wondered why a man in his 70's is still working ?
truth of the matter is most people can't afford to retire, it pisses me off that people work their whole lives and pay in to SS then collect
a very small part of that at an age when you need the money the most, for things like medical and so on, then on top of that you can only
collect at the age when your circling the drain so to speak.
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mcgruff10 said:Smellyman said:HughFreakingDillon said:Smellyman said:Retired at 40 going on 3 years. It's joyous.
No kids, decent wage and being smart goes a long way.
well done!
But like the above pic, doing absolutely nothing is pretty great too.
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Gern Blansten said:Godfather. said:
so to collect your full SS you have to be 68 I believe ? I was reading this story and wondered why a man in his 70's is still working ?
truth of the matter is most people can't afford to retire, it pisses me off that people work their whole lives and pay in to SS then collect
a very small part of that at an age when you need the money the most, for things like medical and so on, then on top of that you can only
collect at the age when your circling the drain so to speak.
Post edited by PJ_Soul onWith all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata0 -
Do my northern friends have something equivalent to social security? Do most of you have pensions or 401k's?I'll ride the wave where it takes me......0
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mcgruff10 said:Do my northern friends have something equivalent to social security? Do most of you have pensions or 401k's?
I personally have a decent pension through my job, and it's 100% employer paid (for now), with the option of adding to it personally. I will still receive the CPP and the OAS on top of my employer paid pension, so I don't expect to be completely destitute in my old age, thank god. Because without retirement savings and/or an employer pension, the CPP and OAS alone still leaves seniors under the poverty line where I live, because of the insanely high cost of living. which the CPP and OAS, and all the other social assistance programs out there don't even come close to keeping pace with.
Post edited by PJ_Soul onWith all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata0 -
PJ_Soul said:mcgruff10 said:Do my northern friends have something equivalent to social security? Do most of you have pensions or 401k's?
I personally have a decent pension through my job, and it's 100% employer paid (for now), with the option of adding to it personally. I will still receive the CPP and the OAS on top of my employer paid pension, so I don't expect to be completely destitute in my old age, thank god. Because without retirement savings and/or an employer pension, the CPP and OAS alone still leaves seniors under the poverty line where I live, because of the insanely high cost of living. which the CPP and OAS, and all the other social assistance programs out there don't even come close to keeping pace with.Monkey Driven, Call this Living?0 -
unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487HesCalledDyer said:Go Beavers said:HesCalledDyer said:Another bullshit regressive tax.0
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unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487cincybearcat said:I don't care what the US Government says....I'm retiring at 55. They don't help me much anyhow.
Full medical and out. Getting income is easy.0
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