Anonymous
04/11/2022 09:49
Subject: Taking Social Security at 62
Anonymous wrote:Anonymous wrote:Anonymous wrote:Boomers shouldn't be allowed to touch ss until 73 so they can pay their fair share
You are so clueless but that's okay... Life must be hard for you.
Does anyone listen to Millennial anti-boomer whining anymore? Totally played out.
I don't but I never really understood why they are so upset with boomers. Other than, I assume, it's coming from sense of entitlement, maybe??
Anonymous
04/11/2022 09:44
Subject: Taking Social Security at 62
Anonymous wrote:Anonymous wrote:Boomers shouldn't be allowed to touch ss until 73 so they can pay their fair share
You are so clueless but that's okay... Life must be hard for you.
Does anyone listen to Millennial anti-boomer whining anymore? Totally played out.
Anonymous
04/10/2022 21:25
Subject: Taking Social Security at 62
Anonymous wrote:Boomers shouldn't be allowed to touch ss until 73 so they can pay their fair share
You are so clueless but that's okay... Life must be hard for you.
Anonymous
04/10/2022 21:22
Subject: Taking Social Security at 62
Anonymous wrote:Boomers shouldn't be allowed to touch ss until 73 so they can pay their fair share
Boomers have contributed more than the world than later generations. You're welcome.
Anonymous
04/10/2022 17:46
Subject: Taking Social Security at 62
Anonymous wrote:Anonymous wrote:Anonymous wrote:Boomers shouldn't be allowed to touch ss until 73 so they can pay their fair share
My dad was dead at 67. So he’d get zero return?
Correct , he's also hoarding stuff from millennials and genz, circle of life
You sound nuts. My Black mother who died at 65 after spending 40+ years as a teacher didn't hoard shit from your bottom feeder ass.
Anonymous
04/10/2022 17:43
Subject: Taking Social Security at 62
Anonymous wrote:Anonymous wrote:Boomers shouldn't be allowed to touch ss until 73 so they can pay their fair share
My dad was dead at 67. So he’d get zero return?
My mom died at 65 and worked as an elem teacher all her life. No SS for her?
Anonymous
04/10/2022 15:01
Subject: Re:Taking Social Security at 62
My dad took SS at 62 and 13 years later, going strong. I think the key for my parents was having a paid off home to call their own. This allows them to travel, buy luxuries for their grandkids, and enjoy their retirement. My dad did not enjoy working although his services as a civil engineer was in high demand. I think they made the right decision.
Anonymous
04/10/2022 14:33
Subject: Re:Taking Social Security at 62
Anonymous wrote:Will your spouse (if you have one) be using your benefits after your death? If so, did you work that into your calculations of a break even point?
Np. My mom took SS at 64 and my dad at 70. They wanted hers to be play money and then his would be as large as possible. Moms’ parents are still alive in their late 90s so she wanted her half of dads to be as large as possible
Anonymous
04/10/2022 14:24
Subject: Taking Social Security at 62
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Both of us plan to take it at 62 rather than touching TSP/401k. Between 2 pensions and 2 early SS, I think we will have enough.
Don't forget about RMD around age 72 and seeing this is DCUM and everyone has 2 million in their 401k at age 40, these can get quite high
PP you were responding to. Yes, RMD is one of the reasons why we want to start taking sooner. Higher amount of SS plus when RMD kicks in will definitely cause tax headaches. As soon as we retire, we will convert to Roth aggressively, until RMD kicks in at 72 (or 75).
Depending on tax rates, it could pay to not take SS until later if you can forego the cash flow. You would have a lower income, making it possible to do the Roth conversions with less of a tax hit.
As I recall, the SS amount taxed is only 85% of the amount received, and in some states is not taxed at all, so that needs to be taken account of in your calculation.
Also, not to be morbid but realistic, if you or your spouse are in poor health, you need to think about those RMDs coming in when you might be subject to single tax rates. If you are used to married filing jointly rates, they are amazingly high.
Good points. Thanks.
Anonymous
04/10/2022 14:22
Subject: Taking Social Security at 62
Anonymous wrote:Anonymous wrote:Anonymous wrote:Both of us plan to take it at 62 rather than touching TSP/401k. Between 2 pensions and 2 early SS, I think we will have enough.
Don't forget about RMD around age 72 and seeing this is DCUM and everyone has 2 million in their 401k at age 40, these can get quite high
PP you were responding to. Yes, RMD is one of the reasons why we want to start taking sooner. Higher amount of SS plus when RMD kicks in will definitely cause tax headaches. As soon as we retire, we will convert to Roth aggressively, until RMD kicks in at 72 (or 75).
Depending on tax rates, it could pay to not take SS until later if you can forego the cash flow. You would have a lower income, making it possible to do the Roth conversions with less of a tax hit.
As I recall, the SS amount taxed is only 85% of the amount received, and in some states is not taxed at all, so that needs to be taken account of in your calculation.
Also, not to be morbid but realistic, if you or your spouse are in poor health, you need to think about those RMDs coming in when you might be subject to single tax rates. If you are used to married filing jointly rates, they are amazingly high.
Anonymous
04/10/2022 10:18
Subject: Taking Social Security at 62
Anonymous wrote:Anonymous wrote:Both of us plan to take it at 62 rather than touching TSP/401k. Between 2 pensions and 2 early SS, I think we will have enough.
Don't forget about RMD around age 72 and seeing this is DCUM and everyone has 2 million in their 401k at age 40, these can get quite high
PP you were responding to. Yes, RMD is one of the reasons why we want to start taking sooner. Higher amount of SS plus when RMD kicks in will definitely cause tax headaches. As soon as we retire, we will convert to Roth aggressively, until RMD kicks in at 72 (or 75).
Anonymous
04/10/2022 09:53
Subject: Taking Social Security at 62
Anonymous wrote:Both of us plan to take it at 62 rather than touching TSP/401k. Between 2 pensions and 2 early SS, I think we will have enough.
Don't forget about RMD around age 72 and seeing this is DCUM and everyone has 2 million in their 401k at age 40, these can get quite high
Anonymous
04/09/2022 22:36
Subject: Taking Social Security at 62
Anonymous wrote:Anonymous wrote:Anonymous wrote:Boomers shouldn't be allowed to touch ss until 73 so they can pay their fair share
Dumb kid
Yeh keep saying that, we'll be pulling the plug on y'all and taxing you when we get in power. You are the worst generation ever.
Except for yours.
Anonymous
04/09/2022 22:22
Subject: Taking Social Security at 62
Anonymous wrote:Anonymous wrote:Anonymous wrote:Boomers shouldn't be allowed to touch ss until 73 so they can pay their fair share
You’d also be more focused on repealing the ability for Congress to stop using the SS fund as a piggybank for other needs.
If I had been allowed 43+ years ago to NOT pay SS & put that $ in the market, I would have A LOT more than the SS benefits
AND I Paid for my college, my wife's and all of my children's...EVERYONE Should pay for their own education- I should not be paying for illegal immigrants healthcare either
OP here.
Start your own thread.
Anonymous
04/09/2022 21:52
Subject: Taking Social Security at 62
Anonymous wrote:Anonymous wrote:Boomers shouldn't be allowed to touch ss until 73 so they can pay their fair share
You’d also be more focused on repealing the ability for Congress to stop using the SS fund as a piggybank for other needs.
If I had been allowed 43+ years ago to NOT pay SS & put that $ in the market, I would have A LOT more than the SS benefits
AND I Paid for my college, my wife's and all of my children's...EVERYONE Should pay for their own education- I should not be paying for illegal immigrants healthcare either