Reply to How can someone only get 1k for social security ?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm taking the thousand bucks at 62 with a plan to invest it. I can do a better job than the government's raise of 8% a year or whatever that was, and fear of ss being reduced because they have no funds.
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But aren't you already doing that with a 401K etc? SS is diversification, it's more like an annuity in that it can't run out and is guaranteed at a certain amount. You want that certain amount to be as high as possible, actuarially. If you think you'll die soon, sure, take it at 62. [/quote]
I have never had a retirement account offered at any of my jobs, never-ever. I opened a Roth because I have very low income. 
I took a lot of risk outside of retirement account and it has paid off. I learned a lot since 2020 and I think I can do better than government.
If SS runs out, then I'd better take it early. I also may get more % -wise than high-earners who have a lot more to lose if SS is not guaranteed. Investing it from 62-67 is exactly the amount that will make up the $500 shortfall later, but I more control over it.
I'm fairly healthy and seems like I should live 91+ unless I get run over.
I have dual citizenship. I plan to move to lower cost of living homeland with organic local food and all my childhood friends. While living there is cheap with all the fresh air and no crowds, I can see us traveling all over and spending the money that way.
Retirement planning is extremely individual. I may have to revisit it if I'm not single anymore.[/quote]

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