social security

jtees4

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I got SS in March, I am still 62....hanging on for a few more months. Just do the online application carefully, it is not all that hard. Usually you get a call that simply confirms things or might ask a few more questions...I did....but it was pretty easy, no issues. The only thing I could see happening is COVID may slow down thew process some, not sure all the SS employees are working, many of the offices are closed or only open for certain issues. Good luck. Don't wait....do it early.
 

prs97

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Congrats OP

I fantasize every day about getting out of corporate america and kicking back. I'd do horrible, unspeakable things to make that come as fast as possible.
 

tjbitt

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Yea, my wife's sister has been on it for about 6 years... she is amazed at how great the coverage is, and the supplemental coverage is the gravy on top.

Medicare is about $200/mo, right? Assuming you are under $200K in income.
We were just quoted $144/month for medicare and then whatever other supplement or advantage plan you pick.
 

ehb

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Not my place I know, so I hope you don't mind, but you should consider moving it out if you can? Probably get a better return than what the State is doing?
Pretty diversified.....

55 Water Street is a good one.... among countless other huge buildings, entire RTJ Golf Trail Resorts down south, media outlets.... aerospace....pharma.... All kinds of stuff....

screenshot-1599076241702.png
 

SteveC

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If I were there today, it would be $200/month, all in - SS + the best BlueCross supplement (incl. drugs). Total of $400/month for the both of us. We are going to take a HUGE pay raise in about 24 months from now. Until then, we have to hemorrhage a bit of cash.

That's OK.... (not really, but whatever). Not having to get up at 0-dark-30 and play businessman traveling all over the planet any longer is - fucking priceless!! Now, if I ever get on a plane again, it will be with my family for fun and relaxation.

I honestly don't understand the "I'll never retire, I love working" mindset. I know a lot of folks who think that way. I know some who worked until they dropped dead. All my life, no matter what I did, or how much money I made for doing it, it was always only a means to an end. It was only something that I had to do, so I could live my life comfortably.

Work provided us al with a wonderful life. But, now it's over. I'm not looking back and I do NOT miss it. Work never defined me. I have ZERO affinity for work. I never had any loyalty for any employer or job.

If I could have spent my entire life fucking off and playing in the sun, I would have done it in a heartbeat!

If you are thinking about retiring and you have the means to do so..... fucking do it. You earned it. Don't be that guy who works and works and works... and then dies.
 

SteveC

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Pretty diversified.....

55 Water Street is a good one.... among countless other huge buildings, entire RTJ Golf Trail Resorts down south, media outlets.... aerospace....pharma.... All kinds of stuff....

View attachment 486483

LOL... I helped pay for your retirement. I spent a ton of money over the years playign the RTJ trail, with clients, friends and family. Some of the best golf on the planet and some of the nicest people on the planet.

Errr.... no. Wait.... no they were not nice at all. They were nasty and didn't want me there... The courses were dumps... don't go there. go to Texas :laugh2: I think it's closed anyway.
 

ehb

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LOL... I helped pay for your retirement. I spent a ton of money over the years playign the RTJ trail, with clients, friends and family. Some of the best golf on the planet and some of the nicest people on the planet.

Errr.... no. Wait.... no they were not nice at all. They were nasty and didn't want me there... The courses were dumps... don't go there. go to Texas :laugh2: I think it's closed anyway.

Damn right! Go to Austin.....and ask for Randy.... :laugh2:


Damn.... We could have hooked up for a least a quick beer between your Let-em-Win rounds of 'business' golf... ;)

And I appreciate you supporting my retirement.... I'd even buy the beer! :dude:
 

SteveC

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Damn right! Go to Austin.....and ask for Randy.... :laugh2:


Damn.... We could have hooked up for a least a quick beer between your Let-em-Win rounds of 'business' golf... ;)

And I appreciate you supporting my retirement.... I'd even buy the beer! :dude:
One of the best parts was after playing endless golf, we'd pop over to either Tunica for some Casino action, or over to Nashville for some music. Always a great time.
 
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jaycoyoyo

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Congratulations on your future retirement.

I'm 38. My entire life I have been told SS won't be available when I retire, so I'm trying to plan to not need it and if it's available then it will be bonus money.
I'm the same age and have the exact same retirement investment philosophy. SS is a scam, and I won't see a dime from the decades I will have paid into it.
 

SteveC

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Invest wisely and plan well. But, SS is not going anywhere. That, along with Medicare are cans that will be kicked down the road into eternity. One day you will be old and you will understand why. Old people vote. :laugh2:
 

PeteK

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Invest wisely and plan well. But, SS is not going anywhere. That, along with Medicare are cans that will be kicked down the road into eternity. One day you will be old and you will understand why. Old people vote. :laugh2:
Yeah, it will be there but they will increase the retirement age to 80
 

Bluesky

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looking to retire in 6 yrs. I'll be 61. Tell you what though.......been off for 3 weeks with Thyroid issues.........Im actually missing work. The guys, the job.....I see cops on the side of the road working, I'm just not ready to retire yet.
 

SteveC

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Yeah, it will be there but they will increase the retirement age to 80
I think it's more likely that they will have to raise the payroll tax ceiling, maybe even remove the cap entirely. The last time that they raised the retirement age (from a flat age 65, to a sliding scale based on birth year with 67 being your FRA) was in 1983.

Life expectancy has not gone up enough since then to justify another increase. Plus, I doubt that there would be much, if any support for that from the aging population. There might be support for taking the FRA to 70 and moving the early age up from 62 to 64-65, but even that would be tough to get through Congress. They'd need 60 votes. What are the odds of that? Slim, to none.

The more likely solution will be raising (or eliminating) the cap on the SS tax, since it is doubtful that all (any?) of the monies pilfered from the fund over the decades will ever be repaid.

But, regardless... Social Security and Medicare are here to stay; sleep soundly.
 

PeteK

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I think it's more likely that they will have to raise the payroll tax ceiling, maybe even remove the cap entirely. The last time that they raised the retirement age (from a flat age 65, to a sliding scale based on birth year with 67 being your FRA) was in 1983.

Life expectancy has not gone up enough since then to justify another increase. Plus, I doubt that there would be much, if any support for that from the aging population. There might be support for taking the FRA to 70 and moving the early age up from 62 to 64-65, but even that would be tough to get through Congress. They'd need 60 votes. What are the odds of that? Slim, to none.

The more likely solution will be raising (or eliminating) the cap on the SS tax, since it is doubtful that all (any?) of the monies pilfered from the fund over the decades will ever be repaid.

But, regardless... Social Security and Medicare are here to stay; sleep soundly.
I'll believe it when I see a check in my hand with my name on it. As I said, hopefully I'll be set up where SS will just be a bonus check and not a vital part of my retirement.
 

SteveC

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I'll believe it when I see a check in my hand with my name on it. As I said, hopefully I'll be set up where SS will just be a bonus check and not a vital part of my retirement.
Shit, by that time there will no longer be checks.... they'll email you a bitcoin or something. :laugh2: :laugh2: :laugh2:
 
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LtDave32

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This thread is about Social Security.

If it turns into a vehicle for covid, the state of the union, elections, lockdowns or any other crap we've recently purged from the forum, it will be purged from the forum as well.
 

SteveC

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See! I knew it! They are taking my SS check! :mad2: :rofl:
Many banks will actually waive the fees on your checking account (if they have fees on checking accounts) if you get your SS direct deposited each month. Since I use the bill pay feature at my bank, getting that for free saves me a shit-ton of money in checks, postage, etc.

I can't remember the last time that I got a check, or wrote a check for that matter. I plan on having my SS direct deposited.
 

redcoats1976

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set mine up for direct deposit.nov 20th is my last day.it was over 100 degrees in the warehouse today...i think im ready to go.training my replacement,a young guy of 26.ive tried to train 2 others,but this guy works hard and has a good attitude,wants to learn all about the job.
 


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