Alias Detective 1,421 Posted 21 hours ago Lower income people have lower life expectancies therefore raising the retirement age for social security will effect who again? Share this post Link to post Share on other sites
The Elevator Killer 602 Posted 21 hours ago 5 minutes ago, Alias Detective said: Lower income people have lower life expectancies therefore raising the retirement age for social security will effect who again? Me! I have 9 more months to reach full retirement age so I can collect while still working with no penalty. Share this post Link to post Share on other sites
Alias Detective 1,421 Posted 21 hours ago 5 minutes ago, The Elevator Killer said: Me! I have 9 more months to reach full retirement age so I can collect while still working with no penalty. Denmark raised their age to 70. The USA has to many poor that don't live to 70 apparently. Share this post Link to post Share on other sites
Alias Detective 1,421 Posted 19 hours ago Went to get lunch in a less than affluent area. Some may qualify it as poor. I never saw so many tattoos, pierced faces, ciggs and vapes and 25-45 year olds sitting on porches on their phones. I didn't realize so may people must work 3rd shift. 1 1 Share this post Link to post Share on other sites
Horseman 2,561 Posted 17 hours ago Technically it's SSI for people that don't work. And if you qualify for SSI, food stamps or Medicaid you also get a free cell phone through a program called Lifeline. My tax dollars supporting a bunch of deadbeats. Hopefully the big beautiful bill takes a bite out of that. Share this post Link to post Share on other sites
Strike 5,693 Posted 17 hours ago 3 hours ago, The Elevator Killer said: Me! I have 9 more months to reach full retirement age so I can collect while still working with no penalty. I think there's a limit to how much you can earn before they start taking some of your SS benefits away, but I'm no expert. Share this post Link to post Share on other sites
The Elevator Killer 602 Posted 17 hours ago Just now, Strike said: I think there's a limit to how much you can earn before they start taking some of your SS benefits away, but I'm no expert. There is, but at full retirement you can make as much as you want with no penalty. That's why I'm waiting. Share this post Link to post Share on other sites
Hawkeye21 2,410 Posted 17 hours ago 1 hour ago, Alias Detective said: Went to get lunch in a less than affluent area. Some may qualify it as poor. I never saw so many tattoos, pierced faces, ciggs and vapes and 25-45 year olds sitting on porches on their phones. I didn't realize so may people must work 3rd shift. I listen to a financial help podcast occasionally and the people looking for help are almost always the same. They have numerous tattoos, piercings, they smoke, have tried drugs and have at least one pet. The majority of these people do it to themselves. Share this post Link to post Share on other sites
Strike 5,693 Posted 17 hours ago 5 minutes ago, The Elevator Killer said: There is, but at full retirement you can make as much as you want with no penalty. That's why I'm waiting. Currently that's 67, right? Good to know. Share this post Link to post Share on other sites
The Elevator Killer 602 Posted 17 hours ago For me 66 and 10 months. 1 Share this post Link to post Share on other sites
Strike 5,693 Posted 17 hours ago 3 minutes ago, Hawkeye21 said: I listen to a financial help podcast occasionally and the people looking for help are almost always the same. They have numerous tattoos, piercings, they smoke, have tried drugs and have at least one pet. The majority of these people do it to themselves. Yeah, isn't it obvious? Anyone can make a decent living in the U.S. as long as they are willing to work hard and actually try to achieve something. They may not get rich but they can make a decent living. Now, there are some people who actually have limitations that make that difficult. My childhood friends and I have always worried about one of our friends who is a little slow. Dude has done ok though. He's not rich but has been steadily employed since high school, most just as a driver but he gets by. But it's hard to by sympathetic for people who are able bodied and have a decent mind. This country offers too many opportunities if one is willing to go after them. Share this post Link to post Share on other sites
weepaws 3,220 Posted 16 hours ago Not being able to offered food, clothing, water, and power, and gas for a car isn’t a decent living, it’s called, government living. Share this post Link to post Share on other sites
nobody 2,717 Posted 16 hours ago I called this 20 years ago. Even back then I knew they'd raise the retirement age past 70 by the time I got to what the retirement age was back then. I've never counted SS in my retirement planning just for that reason. Share this post Link to post Share on other sites
Horseman 2,561 Posted 15 hours ago 1 hour ago, nobody said: I called this 20 years ago. Even back then I knew they'd raise the retirement age past 70 by the time I got to what the retirement age was back then. I've never counted SS in my retirement planning just for that reason. Same. But I also think it's a big losing topic for politicians that it won't ever go fully away. As long as the wife can start collecting at 62 it's icing on the cake Share this post Link to post Share on other sites
easilyscan 944 Posted 13 hours ago 1 hour ago, nobody said: I called this 20 years ago. Even back then I knew they'd raise the retirement age past 70 by the time I got to what the retirement age was back then. I've never counted SS in my retirement planning just for that reason. You were right, but far too many people have their head planted in the sand. I first started paying attention to SS in 2006, when a pamphlet was included with my 401(k) statement. That was when I learned the truth about the mythical SS trust fund. https://www.imagebam.com/view/ME15450A A large file cabinet in a SS office in West Virginia full of IOUs from the treasury isn't my definition of a trust fund. I brought it up at work, & almost got into an altercation with one of the hard-core Democrats, who told me to stop spreading those focking lies. Ignorance is bliss. Another juicy little tidbit, is that at the time I received the pamphlet, it wasn't supposed to be an issue until 2040. Today its 2033. Translation, the problem is getting worse by the day. You can hate him all you want, but at least George W. Bush tried to address it by partially privatizing it. Democrats spread lies meant to terrify people & they were successful. It was shot down. Share this post Link to post Share on other sites
nobody 2,717 Posted 13 hours ago I don't even know why anyone would plan to work until they are 67. I don't even want to be alive at 67. Share this post Link to post Share on other sites
Strike 5,693 Posted 13 hours ago 7 minutes ago, nobody said: I don't even know why anyone would plan to work until they are 67. I don't even want to be alive at 67. It's not all about how long you work though. It's when you claim SS. So if you can live a few years on savings without SS you can get the max amount. Of course, you can start taking SS early and just give up a bit. It all depends on your finances and is a good reason to save early and often. Take advantage of compounding and give yourself options later in life. Share this post Link to post Share on other sites
easilyscan 944 Posted 13 hours ago 13 minutes ago, nobody said: I don't even know why anyone would plan to work until they are 67. Many people don't have a choice. Is that their own fault in some cases ? sure........but in many cases, it isn't. One real life example I saw was a co-worker. He didn't need to work that long, but greed told him to keep working until he could get the max amount. I've never understood that ? Unlike some of the food items we buy at the grocery store, we don't come with an expiration date. Take it ASAP. Share this post Link to post Share on other sites
