Reply to High earners/savers: How do you feel about social security?

Forum Index » Money and Finances

Reply to "High earners/savers: How do you feel about social security?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This doesn’t seem like it will save any money. You basically get the highest benefit by waiting til 70 to take the benefit. Once people know their benefit is capped they’ll just claim earlier.  So, yes, they will get a lower annual benefit but they will start getting paid earlier.  So unless social security hasn’t properly adjusted the age 70 payout, it doesn’t seem like this would save much.[/quote]

An excellent point. High earners, lots of retirement savings, not planning to take SS until 70. If there was a cap we'd take it at 65. [/quote]

We plan to tax at 62.  Might as well maximize how much we get.   We can reinvest what we get and if we live to 78+ we will definitely be ahead (possibly earlier).  Given all the discussion of proposed changes we figure might as well get what we have put in before they take a portion away from us
[/quote]

Unless they shrink all the pay outs proportionately.[/quote]

Either way we don't "need" SS, so we will take at 62 to maximize whatever we can get.  Since we have paid in for 35+ years at high levels.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics