Social Security Increase for 2027
Social Security Increase for 2027
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#msg6031473TEXASGIRLMAMMA : Um, how do you know when you would get full benefits? Is it age related? Or work years put in??
#msg6031429rocklady2024 : There was a lady on TV complaining it was not enough but she retired at age 55. Now she has to go back to work. My question would be, why did you retire so early, she left a lot of money on the table.
Collect it while you can but it won't be long before the system will enter austerity and benefits will be severely reduced and at some point totally gone. All socialism eventually fails and this is failing fast. It's been a scam since day one. You do realize if you made only $30K a year your whole life and were forced to invest that 7.5% every year and not touch it until 65 with an 8% return (I have been averaging over 8% for nearly two decades) you would have about $640K to do what you wanted with when you retire. Now if you continually made more money like most people then the average person in this country would have over a million, some several million to retire on. But the government doesn't want you in control of YOUR money, they want to steal it and they have been doing so your whole life. I will get SS in a 3 years, but I have planned so I don't actually need it because I know it won't be there some day. Our school system is useless. If they really cared about people they would teach them such things as investing for the future properly.Gray boxed for being political and/or controversial in a General Chat discussion.
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Just because you retire early does not mean you take SS. You can wait until later to take it. If you need to take maybe bad idea to retire early. Just a thought.
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