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Reply to "How can someone only get 1k for social security ?"
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[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. Fear doesn't make for great investment/retirement decisions. If and when the Government makes changes to SS eligibility and payments it will impact younger generations, not those near SS age. COLAs are an important feature of SS, by taking it early at 62, you are reducing that impact. So your plan....it to invest the early SS distributions into the stock market and do better than the 8% guarantee plus COLA increases. GL [/quote][/quote]
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