Reasons for taking Social Security at 62.

[fast306stang]

The post was "Reasons for taking Social Security at 62" so my comment pertained to reasons not to take it at 62. Obviously you want to take it at full retirement age when earnings limits do not apply.

And I was giving a reason not to take it at 62 as well...a lot of people don't know you can work at full retirement age and draw SS without penalty...

 

[palmettomoon]

I reco everyone take SS at 70. That way, if you pass before 70 or soon thereafter, you will leave all your money for us young bucks that will likely not see a penny from a broke SS system that the boomer and Gen X ruined.

Bruh....it was ruined at inception.

 

[TheGman]

I reco everyone take SS at 70. That way, if you pass before 70 or soon thereafter, you will leave all your money for us young bucks that will likely not see a penny from a broke SS system that the boomer and Gen X ruined.

its always been a ponzi scheme

 

[ADAduckhuntr]

Gimme my money Uncle Sugar!

Hey boss, bye Felicia.

Gonna sell grilled chicken on the beach somewhere……..

 

[boomer]

And I was giving a reason not to take it at 62 as well...a lot of people don't know you can work at full retirement age and draw SS without penalty...

After your 66.5 you can earn unlimited without plentily. You do need to figure out how much your MediCare premiums will be. Medi Care premium is based on income.

 

[medium187mph]

After your 66.5 you can earn unlimited without plentily. You do need to figure out how much your MediCare premiums will be. Medi Care premium is based on income.

That’s what my dad did only because he’s in good health and owns his own business.

My mom went ahead and took SS at 65 shortly after she retired from the school system of 35 years

 

[lostchild]

I reco everyone take SS at 70. That way, if you pass before 70 or soon thereafter, you will leave all your money for us young bucks that will likely not see a penny from a broke SS system that the boomer and Gen X ruined.

Yep, I helped ruin it by paying in the maximum every year for 40 years working.

 

[basstracker89]

Nope, once you hit full retirement age you keep it all It is taxable for the feds but not in Georgia.

Good to hear

 

[THREEJAYS]

Both my parents passed before drawing any and I always said if I made it to 62 I wanted it. Been nearly 5 years and no regrets

 

[Bypass]

Started mine early, figured the break even point was age 77, no way I'd live past that, no one else in the family had.
Been costing me money for 5 years, now.
Never bet against yourself.

You're 83?