spin_dry Posted May 17, 2019 Share Posted May 17, 2019 Good little article https://www.msn.com/en-us/money/retirement/7-social-security-terms-you-should-know-to-boost-benefits/ar-BBUwO1v 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted May 17, 2019 Author Share Posted May 17, 2019 26 minutes ago, spin_dry said: Good little article https://www.msn.com/en-us/money/retirement/7-social-security-terms-you-should-know-to-boost-benefits/ar-BBUwO1v Just an FYI, I’ve not been much to study SS benefits. Just a few days ago a friend of mine had asked if I’d applied for survivor benefits on my ex-wife. I had no idea that I would be entitled to such. I found out that I am. She was 63 when she died so it’s a very sizable amount. There’s so much about social security that I never knew about. That benefit would’ve basically went unclaimed had I not been informed. I guess social security has been pretty much an after thought for me. I always focused on investments and hard assets. Lesson for us all. Learn about this shit. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted May 17, 2019 Share Posted May 17, 2019 (edited) 1 hour ago, spin_dry said: Just an FYI, I’ve not been much to study SS benefits. Just a few days ago a friend of mine had asked if I’d applied for survivor benefits on my ex-wife. I had no idea that I would be entitled to such. I found out that I am. She was 63 when she died so it’s a very sizable amount. There’s so much about social security that I never knew about. That benefit would’ve basically went unclaimed had I not been informed. I guess social security has been pretty much an after thought for me. I always focused on investments and hard assets. Lesson for us all. Learn about this shit. We dont often agree, but great points. Many people have no clue about survivor benefits. The other big variable is when to take them, early, FRA, or age 70. There is no one size fits all answer on that part. There is almost a 50% swing from taking them early to taking them late. Edited May 17, 2019 by DriftBusta Quote Link to comment Share on other sites More sharing options...
spin_dry Posted May 17, 2019 Author Share Posted May 17, 2019 51 minutes ago, DriftBusta said: We dont often agree, but great points. Many people have no clue about survivor benefits. The other big variable is when to take them, early, FRA, or age 70. There is no one size fits all answer on that part. There is almost a 50% swing from taking them early to taking them late. She was a 6 figure earner for many years. We parted ways in good financial shape. Given those facts I’ll be drawing from it immediately. Then when I’m ready to draw at 70 I’ll be able to keep the larger amount, hers or mine. So this is a unexpected chunk of cash in early retirement. It’s a big enough chunk for a nice Florida home get away for the family during winter. I fucking miss working though. I don’t know if I’m cut out for retirement. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted May 17, 2019 Platinum Contributing Member Share Posted May 17, 2019 1 minute ago, spin_dry said: . I fucking miss working though. I don’t know if I’m cut out for retirement. Fuck that. I don't work every yr from thankgiving till late march. Every yr I want to go back less and less. I would retire tomorrow if I was in a position to do so. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 18, 2019 Share Posted May 18, 2019 Retirement is the balls Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted May 18, 2019 Share Posted May 18, 2019 1 hour ago, Mainecat said: Retirement is the balls A few more years, a very good one, and on my terms. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 18, 2019 Share Posted May 18, 2019 10 hours ago, DriftBusta said: A few more years, a very good one, and on my terms. Don’t wait too long. Many friends didn’t make it and that’s why I went as soon as possible. Quote Link to comment Share on other sites More sharing options...
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