Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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Without knowing his investment and other income,retirement savings, etc., you can not make an assumption the OP is going to live on little going forward. The fact that he retired and is not actively...
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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15 Replies
4,389 Views
Let’s assume that your questions deal with the more conventional SSI based on you and your employers’ contributions and not based on either someone else’s work history or survivor benefits.
I just...
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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Great input! Your point about SS not being a retirement plan is spot on. The system itself is just not sustainable - Bidens been in office for almost 4 years and has proposed nothing to shore up...
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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SS can be for a lot of people the primary source of income. Some people are collecting over $4,800 monthly from it. If you live over seas like in Thailand or Philippines you will live very...
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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Not in the USA. Even with no debt you have high property taxes, insurance, utils, food/grocery all at high prices.
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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15 Replies
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I am no expert on the subject but you need 10 years to qualify for SS. The amount paid is based on your highest 35 years of salaries. If less than 35 years of work history, they fill in a zero for...
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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I'd recommend that you call SS directly or go into their office if you have one nearby. They'll answer all of your questions, and they'll tell you exactly where you currently stand and what you'll...
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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You are wrong The age you stop working can affect the amount of your Social Security retirement benefits. We base your retirement benefit on your highest 35 years of earnings and the age you start...
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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https://www.ssa.gov/benefits/retirement/planner/stopwork.html
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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IMHO, If you have no debt (home, car, cc payments...etc) $4800 is enough to live comfortably for 2 people here as well :)
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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I make over 14k a month after my mortgage payment is taken out, I am doing OK but not book the expensive vacation or just shop for all my groceries at Whole Foods!
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
0 Score
15 Replies
4,389 Views
Let’s assume that your questions deal with the more conventional SSI based on you and your employers’ contributions and not based on either someone else’s work history or survivor benefits.
Your...
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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15 Replies
4,389 Views
I leverage points and miles too i have a ton of credit cards that I have picked up just for the sign up bonus.
That said my car/home insurance and property taxes along with health insurance costs...
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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4,389 Views
Hi...
I "retired" aka "stopped working" in 2020. But recently learned that Social Security uses your top 30 income years to calculate payments? I only have 27 years of work history.
Not...
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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15 Replies
4,389 Views
I’m not disagreeing with your statements but I believe they need to be more completely explained and understood.
Yes, it is possible for a person can receive $4,800 in SS benefits. To some, this...
Should I go back to work? How does SS work?
Thread created 06-15-2024 by roykirk1
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15 Replies
4,389 Views
Well I make over nothing per month lmao. Too bad you didn't learn CC arbitrage for points and miles. I have never paid for a vacation in the last 15 years. Maybe more. The vacations I go on are all...
