tag:blogger.com,1999:blog-31586983.post8017720979576612588..comments2023-11-05T03:25:19.346-05:00Comments on Salisbury News: Social Security Payout: How Long Do You Think You'll Live?Anonymoushttp://www.blogger.com/profile/10469687445528023080noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-31586983.post-82128508882740860412013-12-07T09:29:38.218-05:002013-12-07T09:29:38.218-05:00415-Yes, sweet spot. Economics is different than ...415-Yes, sweet spot. Economics is different than arithmetic. By the time she gets to the age of 70, she'll be receiving a monthly SS much higher than if she had used her own SS. <br /><br />Using a discounted average COLA increase(considerably lower than the historical COLA % increase), along with the the higher base rate, she'll be getting 29% more than if she had waited to use her own SS at 70. In the meantime, a not too shabby "freebee" over the course of this decade, to the tune of nearly 250K. <br /><br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-69846946886613016622013-12-06T19:15:35.643-05:002013-12-06T19:15:35.643-05:00Everyones situation is unique.There is no silver b...Everyones situation is unique.There is no silver bullet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-55244024821092406292013-12-06T18:14:15.633-05:002013-12-06T18:14:15.633-05:00For those of you who think this is a govt freebee,...For those of you who think this is a govt freebee, your need to take a few courses on economics and learn something about govt PONZI schemes.<br /><br />December 6, 2013 at 4:15 PM<br /><br />It's a freebie for the government. They need to give my money back. They had no problem taking it out of my paycheck each week. <br /><br />Now that I'm older and disabled they want to drag their heels. SOB's.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-37038801699637281912013-12-06T16:15:54.559-05:002013-12-06T16:15:54.559-05:00Sweet Spot? You've got to be kidding. The an...Sweet Spot? You've got to be kidding. The annual COLA raises are less than 10% of the ACTUAL increase in the Cost Of Living. For those of you who think this is a govt freebee, your need to take a few courses on economics and learn something about govt PONZI schemes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-25271200263304610062013-12-06T14:38:22.368-05:002013-12-06T14:38:22.368-05:00There is a huge difference between collecting SS a...There is a huge difference between collecting SS at 62, 65, 70. That being said, what is often overlooked in the calculations is the COLA increases, which over the past 30 years amount to a pretty nice annual raise.<br /><br />My Mother retired this year at 60, using my Father's SS. What she collects today, at 60, is the same amount she would have had to wait until 70 to collect using her own SS. Plus, the annual COLA increase will be based off a initial amount. She's in the "sweet spot". <br /><br />For whoever is looking into it, take your time to look into what is best for you. I'm not saying wait til 70, either. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-13125384304665643672013-12-06T13:11:01.309-05:002013-12-06T13:11:01.309-05:00Since I retired at 58 my SS projected amount hasn&...Since I retired at 58 my SS projected amount hasn't gone up hardly any.If that doesn't change it might be pointless to wait beyond 62.Anonymousnoreply@blogger.com