Anonymous
Post 01/13/2023 13:29     Subject: Social Security..should I take it now?
SS benefits can last forever. Since they can adjust the age.

Let’s say for future retirees instead of 62 early, 67 normal and 70 max for SS they just make it 65 early, 70 normal and 73 max problem solved.

If they were super broke just make it 82, early, 85 normal and 87 max.
Anonymous
Post 01/13/2023 09:58     Subject: Social Security..should I take it now?
Love all the SSA expertise. One question, assuming the same level of SS contributions, does your level of payment once you start taking your SS stay the same regardless of when you started?

For example, assuming Person A is entitled the Maximum payment for 2023 (meaning 70 years old and contributes the maximum for 35 years). Person B is entitled ot the maximum payment starting in 2033 when Person B is 70 years old and contributed the maximum for 35 years. In 2033 will Person A and Person B receive the same payments or is there a separate track for increases based on a COLA formula once you start receiving SS such that these two numbers could be different.

Thanks!
Anonymous
Post 01/12/2023 13:15     Subject: Re:Social Security..should I take it now?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is funny because you can tell who actually reads the letter the Social Security Administration sends every year and who throws it straight in the trash.

If you think you've "earned" your SS, you definitely haven't been opening those letters.

OP's case is marginal, but in the next few years people are going to have to more heavily weigh taking their benefits earlier, because around 2035 all SS benefits are going to get slashed by 30%, and whinging about what you've "earned" won't change that a bit.


oh, i gotta hear this. do tell us please...


Well if you'd read the letter you'd see the part where it says that your benefits don't belong to you, they are defined by law and future legislation can change them at any time. And then there's that other part that says notwithstanding what SSA formulas say you should get, if there's no money in the trust fund you just get a share of whatever SS revenue came in that year (currently estimated to be about 70-80% of obligations).

That letter goes out every. single. year. And it's said the same thing for the last 25 years.



That's it?


If your response to those points is to say "that's it?" I'm beginning to think maybe you did open the letter, but you are so lacking in reading comprehension that you can't absorb information you don't want to be true.


They have said that (probably) for decades. Not to mention various news-outlets. I just thought you had something enlightening to say. Apparently not. But appreciate your contribution.
Anonymous
Post 01/12/2023 13:11     Subject: Re:Social Security..should I take it now?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is funny because you can tell who actually reads the letter the Social Security Administration sends every year and who throws it straight in the trash.

If you think you've "earned" your SS, you definitely haven't been opening those letters.

OP's case is marginal, but in the next few years people are going to have to more heavily weigh taking their benefits earlier, because around 2035 all SS benefits are going to get slashed by 30%, and whinging about what you've "earned" won't change that a bit.


oh, i gotta hear this. do tell us please...


Well if you'd read the letter you'd see the part where it says that your benefits don't belong to you, they are defined by law and future legislation can change them at any time. And then there's that other part that says notwithstanding what SSA formulas say you should get, if there's no money in the trust fund you just get a share of whatever SS revenue came in that year (currently estimated to be about 70-80% of obligations).

That letter goes out every. single. year. And it's said the same thing for the last 25 years.



That's it?


If your response to those points is to say "that's it?" I'm beginning to think maybe you did open the letter, but you are so lacking in reading comprehension that you can't absorb information you don't want to be true.
Anonymous
Post 01/12/2023 13:07     Subject: Re:Social Security..should I take it now?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is funny because you can tell who actually reads the letter the Social Security Administration sends every year and who throws it straight in the trash.

If you think you've "earned" your SS, you definitely haven't been opening those letters.

OP's case is marginal, but in the next few years people are going to have to more heavily weigh taking their benefits earlier, because around 2035 all SS benefits are going to get slashed by 30%, and whinging about what you've "earned" won't change that a bit.


oh, i gotta hear this. do tell us please...


Well if you'd read the letter you'd see the part where it says that your benefits don't belong to you, they are defined by law and future legislation can change them at any time. And then there's that other part that says notwithstanding what SSA formulas say you should get, if there's no money in the trust fund you just get a share of whatever SS revenue came in that year (currently estimated to be about 70-80% of obligations).

That letter goes out every. single. year. And it's said the same thing for the last 25 years.



That's it?
Anonymous
Post 01/12/2023 12:52     Subject: Re:Social Security..should I take it now?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This thread is funny because you can tell who actually reads the letter the Social Security Administration sends every year and who throws it straight in the trash.

If you think you've "earned" your SS, you definitely haven't been opening those letters.

OP's case is marginal, but in the next few years people are going to have to more heavily weigh taking their benefits earlier, because around 2035 all SS benefits are going to get slashed by 30%, and whinging about what you've "earned" won't change that a bit.


oh, i gotta hear this. do tell us please...


Well if you'd read the letter you'd see the part where it says that your benefits don't belong to you, they are defined by law and future legislation can change them at any time. And then there's that other part that says notwithstanding what SSA formulas say you should get, if there's no money in the trust fund you just get a share of whatever SS revenue came in that year (currently estimated to be about 70-80% of obligations).

That letter goes out every. single. year. And it's said the same thing for the last 25 years.

FYI- SS has stopped sending these out mail. Instead, it’s available online.

Anonymous
Post 01/12/2023 12:51     Subject: Re:Social Security..should I take it now?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Republicans aren’t going to actually do anything. They would need more than a super majority in the senate since many moderate Rs would never agree. So if we want to bash their stupid economic policies, count me in, but let’s be smarter than click bait articles and realize touching SS is a third rail that will not happen in the foreseeable future.


I agree with this


We have Moore vs Harper looming. If Republicans win in 2024 Social Security is gone, given Moore vs Harper chances of Dems ever winning another race again slim to none.

Buckle up people Republicans are about to make you all quite poor but hey Hunter's dick pics are so much more important than an Authoritarian rule.


There are PLENTY of Republicans who would lose their Sh*$$ if Social Security went away -- you are nuts if you think it's only Democrats who like Social Security.

And I'd be a lot more afraid of the Republicans -- we know they are armed.