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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Financial servitude. Exploited labor. Biggest bang for the buck.
Then you just die. All planned out. Net to debt. America greed and political pickpockets.
In God I trust, who else is there?
The government has robbed the trust fund blind, and there is nothing in it. This stealing from oneself makes up a large part of the national debt, more than what we borrowed from China.
This fact is always ignored by the media, who must believe we are all too stupid to understand it. Or they are in the tank for the evil conservatives who want to setup a system by which the government can't steal from the fund. Imagine the horror of that!
The chances of anyone under 55 every seeing a dime from SS are between slim and none.
The chances of anyone over 55 ever seeing a dime from SS are slim.
If you haven't done something about your own retirement, and your kids aren't reliable, you're screwed.
Lets imagine that I take my SS at the earliest age. 62. Lets say that my SS is reduced permanently by 25%.
For illustration, lets use the arbitrary figure of $100 at full retirement age of 66. My early check will be $75 a month.
So, for 48 months I recieve $75 that I would not have recieved had I waited till age 66.
This amounts to $3600 collected.
Now, If I wait till age 66 to begin collecting, and receive the full $100 a month, how long will it take for the additional $25 dollars a month to catch up to the $3600??
It will take 144 months just to break even. That's 12 years. At that point, I would be 78 years old.
This is when you must ask yourself, how long do you think you are going to live??
I believe that, if you can afford to do it, you are better off taking the money at the reduced rate at age 62. Just do the math.
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