What percentage of people who live to their 62nd birthday die before there’s 67th birthday? What percentage of the people who live to their 62nd birthday die before their 70th birthday?
Great discussion gentlemen! One item that I have not heard in relation to this topic is the effect of COLA increases on delayed social security vs collecting early. Do your CFP's use calculators to show the difference over time and how it may affect lifetime benefit?
I'm 61, and own a company that pays me $50k/year for little to no work. I expect to be able to continue earning this income thru the age of 70. I want to enroll in social security now, knowing I won't be receiving a check...because it's my understanding that my earned income between the ages of 62 thru 67 will be recalculated at 67...so in essence I won't be penalized. My instinct tells me to get enrolled in the system before major changes are made to the program. Your thought's?
My wife will turn 65 in March of next year. She has been drawing social security disability since 1997 so how does this affect her in getting her disability
29:43: If you are financially able Kevin makes, but doesn’t elaborate, the most important reason to delay: to avoid becoming a financial burden to your children.
What percentage of people who live to their 62nd birthday die before there’s 67th birthday? What percentage of the people who live to their 62nd birthday die before their 70th birthday?
I started drawing Social Security very early on SSDI at 37. So I think I got good bang for my money so far.
I started drawing Social Security SSDI at age 37 diagnosed with the MS
Trump just said on the campaign trail the elderly won't have to pay tax on their Social Security. I can only hope that will come to pass.
Politicians will tell any lie possible to get elected!!!😢😢😢
If you listen to anything that Criminal says that's on you.
Great discussion gentlemen! One item that I have not heard in relation to this topic is the effect of COLA increases on delayed social security vs collecting early. Do your CFP's use calculators to show the difference over time and how it may affect lifetime benefit?
I'm 61, and own a company that pays me $50k/year for little to no work.
I expect to be able to continue earning this income thru the age of 70.
I want to enroll in social security now, knowing I won't be receiving a check...because it's my understanding that my earned income between the ages of 62 thru 67 will be recalculated at 67...so in essence I won't be penalized.
My instinct tells me to get enrolled in the system before major changes are made to the program.
Your thought's?
I am 53 and drawing SSDI my FRA is 67. Do I have the option to wait till 70 or is it automatically switch and I have no option?
My wife will turn 65 in March of next year. She has been drawing social security disability since 1997 so how does this affect her in getting her disability
29:43: If you are financially able Kevin makes, but doesn’t elaborate, the most important reason to delay: to avoid becoming a financial burden to your children.
Changed over to regular social security she was born in 1960