10 things to know about Social Security

Familiarize yourself with strategies that can help maximize benefits or protect loved ones in the event of your death.

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VIDEO ON MSN MONEY

26Comments
Nov 29, 2012 8:22AM
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IF THIS GOVERNMENT WOULD LEAVE IT ALONE THERE WOULD BE PLENTY. STOP GIVING IT TO ONES TO DAMN SORRY TO WORK AND NEVER HAVE PUT ANYTHING IN TO START WITH. WHY IS OUR GOVERNMENT SO ****ING STUPID? SORRY THEY JUST WANT VOTES AND REALLY DO NOT GIVE A DAMN ABOUT THE PEOPLE.
Nov 29, 2012 8:35AM
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You're absolutely right. I've lived in the south long enough to see the National Democrats do exactly what we would do here to win an election.  Buy it!!!  Give stuff away to the lesser informed or commited and they will vote for you without a thought.
Nov 29, 2012 11:17AM
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I think it should be done away with the fact that a spouse can draw on a divorced spouses work history.  I am now a retired teacher who had 5 children and am drawing a very small SS check each month.  I recently heard that my ex husband who is an alcoholic is drawing SS.  I wondered how this might be when he never worked.  Before getting my teaching license I worked in a factory and would look out the window at his car sitting in front of a local bar.  He was drinking more than I had earned in wages.  I had to hide the rent money.  I also had 5 of his children.  He was abusive and placed me in the hospital several times.  I hid and saved money to buy our first Christmas Tree the year my father was in VA Hospital dying of Cancer.  I decorated the tree and went to spend time with my father.  When I returned he was drunk and angry because I was gone to long.  He took me and tree and threw us out the door.  This is but a few of the tragic events that took place over our just short of 10 year marriage. He owed over $100,000 in child support.  I am appauld to think that this same man, still an alcoholic is using my working years as his retirement.  I don't know for sure but since he never worked to pay into SS how else could he be drawing SS.

I think that the SS law should state that if you did not take care of your children than you can not draw on your spouses SS who worked all her life and did take care of them.

 

I t

Nov 29, 2012 11:23AM
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MSN keeps posting stories stating that you get a lot more money if you wait to start drawing SS.  Total BS !  The average American will not live long enough past age 62 to get back all they put into SS over their working careers.  Waiting until 66, 67, 70, etc. is a SS scam to help them with their budget and MSN keeps pushing this tactic.  
Nov 29, 2012 2:06PM
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At what age to start collecting SS is a numbers game.  If you had a crystal ball which let you know when you were going to pass, it would be easy to figure out.  Also you need to factor in quality of retirement life - some believe to take it at 62 and live a little while you are still physically able.  Usually by then your mortgage is paid off which is usually one of the biggest expenses in a budget (which would make up the $ difference in SS payments.  Also, hopefully, you have been putting away $ in some sort of retirement fund which you can draw from @ age 59 1/2 with no penalty.

However, there is something to be said about waiting to full retirement age if its about money.  And some people like to work, especially if they are doing what they love.  Working gives a person self worth.   Another alternative is closer to retirement start a career you always wanted to do or semi retire by starting a small business out of your home or garage.  How fun! 

 

 

Nov 29, 2012 12:55PM
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Wake Up Everyone!!  Please read "How do you kill 11 million people?" by Andy Andrews.  Book takes 30 minutes to read and once you read it,  you will want to pass on to everyone you know,

 

Nov 29, 2012 3:04PM
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If we want the system to last, we need to think long and hard about who receives benefits. If you never paid in, you should not receive benefits. My mother-in-law recieved benefits and never worked a day. She then received my father-in-laws benefits when he passed. They should not have not gotten two checks with only one wage earner.

What about the people who come to this country and immediately apply for benefits no.. If you don't pay in, you should not qualify. And what about the undocumented ughhhh. If you receive disability benefits because you are drug or alcohol abuser.... no. Come on, we have lots of people who need those benefits. Minor children or adults who are truly disabled should be cared for. 

 

Nov 29, 2012 3:34PM
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Sorry  break any ones bubble but Social Security was NEVER considered a retirement !! It was a supplement to income at the time of retirement. I have worked 35 years, 12 and 16 hour work days as an electrician in heavy industry, Construction, Rubber, Steel,Electrical Generation,Chemical,Areospace I would work 3-4 months some people would work 6 months to pay our OBLIGATION to SSI , but SSI was NOT my retirement plan, it is a supplement, It was a income SUPPLEMENT to myself in case of injury or my surviving wife and immediate family in case of my death and that was just a suppliment to them. I had to plan for my death andRETIREMENT, through contributing to a plan or through my bargaining unit (UNION) or both if I wanted anything more than that!  It was not meant to be given to any one that did not contribute to that fund.How is it now that an illegal aliens child (18 yrs old) can get a check because he is one of these that like to do a little weed every day and he does not have much in the way of ambition or brains? He can work though, and if he did go out and work at what he can do, he would also pay into SSI and draw it when he is of age. I think I would feel terrible if I told my son to cheat the system. What makes me mad though ? The government actually recruiting this type of behavior,it takes any pride a person might have and grinds it under the guise of helping.    
Nov 29, 2012 1:00PM
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You are so right! We are a nation under GODS judgment! He gives us weak UnGODly leaders. We will all suffer because of these fools. you aint seen nothin yet!One world Gov/one world [false religin]/ one monetary system. It in the Bible [Revelation] its here. Give your life to Christ before GODS destrucion come to judge the unGODly  USMC
Nov 29, 2012 3:08PM
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Also remember.... your job provider paid an equal amouit that you paid ! So they are phucking us twice as hard as we think.
Dec 6, 2012 2:32PM
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Most comments aside, thanks for this info... fairly concise and helpful! [yes, nearly 50% of US spending budget going to 'entitlements' (SS pension, Health Care, and Welfare) is an eye-opener -- and triggers a spectrum of comments (witness below)].

Can you help on these questions:

Regarding your page6 'spousal benefit' segment -- as a function of age, what is the percentage decrease increments between 66 (full retirement age) down to the age 60 limit?

I can't find (internet search) a graph of number of male SS pension recipients versus recipients age... is this 'confidential' SS data?

And thanks again.

Nov 30, 2012 9:17AM
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FOR MAMA KNOWS BEST

  THAT IS WHY THEY DO NOT GET MARRIED. THEY DO NOT WANT A FAMILY JUST HAVE KIDS TO LIVE OFF THE ****ING REST OF US

 

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Disabled children older than 18 may be able to receive up to half of a parent's Social Security benefit. THIS IS AN OUTRIGHT LIE!!! My mother who moved from New York State to North Carolina a few years ago was ''informed'' that as the parent of a disabled child I was eligible to receive such a benefit. I being SMARTER than those ****S they have working at Social Security once I received a letter from Social Security saying the exact same thing I ignored the letter. Well dont they contact me by phone to have me go through this interview process to initiate the process of claiming of my parent (my mother) apparently I wasnt eligible to do so under my father. So in the end I wasnt eligible AT ALL under her record either and my long time received benefits (which I have been receiving since age 18 when I was no longer covered under my fathers Reynolds Metals insurance) have now been yanked!!! AND I DIDNT EVEN DO ANYTHING WRONG!!!...****ES!!!
Nov 29, 2012 12:33PM
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Well that is awesome I would be better off putting the money I pay into ss every week under my mattress and come out ahead! Why in the world can I not opt out of this rediculous program?? Why can I not invest that money?? Instead I'm gaurenteed a 25% loss! I blame the old people because they go nuts when people talk about changing SS.
Nov 29, 2012 1:30PM
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There are two sides of any story!  I do argee that SS benefits... more than is abused! 

What about the single Mothers who were nevr married + what do their children get???

This Government has plenty of $$$....I say the children should get all the benefits that this government can give because the children are our future~~~

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