SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · 8 months agoUS Question. Will the people that have to wait until 70 to get Social Security ever get what they paid in to it back out before they die since men's life expectancy is only 77 now?message-squaremessage-square54fedilinkarrow-up1149arrow-down16file-text
arrow-up1143arrow-down1message-squareUS Question. Will the people that have to wait until 70 to get Social Security ever get what they paid in to it back out before they die since men's life expectancy is only 77 now?SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · 8 months agomessage-square54fedilinkfile-text
minus-squareFReddit@lemmy.worldlinkfedilinkarrow-up5·8 months agoYou can start at 62 but you get twice as much if you wait until 70. What a gamble.
minus-squareRocky60@lemm.eelinkfedilinkarrow-up1·8 months agoI get $2,177 a month at 62, $2,681 at 65 (Medicare age), and $3,836 at 70. I also have a pension, and a 401K. There is an incentive to work longer, but I don’t need to. Most of the people I work with retire around 65.
minus-squareDontTreadOnBigfoot@lemmy.worldlinkfedilinkarrow-up1·edit-28 months agoWhat’s twice as much as $0?
You can start at 62 but you get twice as much if you wait until 70.
What a gamble.
I get $2,177 a month at 62, $2,681 at 65 (Medicare age), and $3,836 at 70. I also have a pension, and a 401K. There is an incentive to work longer, but I don’t need to. Most of the people I work with retire around 65.
What’s twice as much as $0?