I will apply at 62 (in 2 years) and work part time. I also have a state retirement. I can only work from home due to health problems. We should get credit for raising children and taking care of grandparents
I owed money to the IRS made payments for years fatefully.I finally got a tax specialist to help me.I didn’t owe nearly what they said They just kept adding interest and penalties because I was just paying 100 a month.I was put in the non collectiable category.Two years later I inherited land that belonged to my deceased husband and his two brothers.The land was sold.I paid 2019 taxes and will pay 2020.I got an extension. My question is do I have to pay those taxes ? The IRS does not work with you as they say they will.I never owed what they said I did.I offered to turn in life insurance policy.I stopped enjoying my life out of pure fear and embarrassment.I never dreamed that I would inherit what I did.I never told anyone .I did not even know I was intitled to it.
Here's The Cliff Notes : 1. Love your job & you're healthy ? File at 70. 2. Hate your job & wayyyyyy out of shape couch potato ? Collect at 62. It's later than you think. My work is done here.
I was forced to claim SS at 61, because I had a Traumatic Brain Injury (TBI) at age 51 from my car being T-boned by a bus. After 18 months recovery time, I went back to work, but wasn’t able to keep up, because my eyes no longer track together, making reading printed copy VERY difficult, and having short-term memory issues, as well as brain fog and other problems that come with a TBI. My credentials were excellent, but my memory issues impacted everything. I got at least one new job every year, but got laid off because the jobs required a lot of reading, writing, and were very memory-intensive. It’s been 15 years since the accident and 5 years since forced retirement on Disability, and I’ve seen no improvement. My suggestion to anyone with cognitive issues: take copious notes, if you need someone to slow down when providing information, say so, right when you start having problems, and if you need things repeated five times, always be polite, but keep asking them to repeat the information until you’ve written it down. Keep written notes on your phone, in your computer, AND in writing (or printed hard copy). If any of those technologies fail you (you lose your phone, or it breaks, or your computer gets a virus, you NEED that written information as your backup. It may seem tedious at first, but you will save yourself days and major frustrations if you take the time to prepare TODAY. I used my phone to track everything, and kept that sane phone for 12 years. One day, it just went blank. It still rang, beeped, and buzzed, but the graphics card had died, so I couldn’t see or answer anything! My computer had contracted a virus just a few weeks earlier, but because I had all my notes on my phone, I wasn’t worried…until the phone died. Fortunately for me, I had just started spending $2/month to back my phone up to The Cloud, so most of the phone data was salvageable, but not all. And due to my memory challenges, I had no way of determining what had been lost. I’ve spent the last few months trying to recreate some of the missing info, but it is challenging at best, infuriatingly frustrating at worst. Be prepared.
With a reverse mortgage the senior can- 1- pay off their mortgage balance and use the money for the mortgage payment to assist them delay getting their social security ! This will help increase their future benefits till they receive/ reach maximum age! 2- get an available line of credit and supplement their existing recovered benefits . This will allow their savings / reserves to recover in a downward market ! 3-use available fun’s from a stand by line of credit and set one of 4 options available for receipt of money monthly! Lump sum, draw as needed, set payment for a period of time- ie , until SS payment starts, tenure payment- a predictable payment per month for life as long as seniors are in the house ! Just continue to pay the required property taxes and home insurance !!
Needed surgeries, so i needed to drop on disability..Waiting for approval, was critical .i didnt think approval would go thru fast enough; i needed " emergency surgery "...
I waited until 67 to collect. As was stated benefits increase 8% a year by waiting and this is cumulative. The thing that I questioned and never got a straight answer about is how the COLA adjustment is figured into the calculation. Does that 8% plus a 2% COLA equal 10% ??
I’m on SSDI. I live in California. Years ago I found a way to get Medicaid to pay my Medicare monthly premium. It’s $140! I’m not completely certain how I qualified. I live rent free with family. No car, no kids and no real bills and yet I still receive part of Medicaid’s help with paying my insurance premium. I’m not working the system, I’m making it work for me.
My mom is in a living facility and she is about to get out but has no where to go how do I do find a low income apartments for me and my mom we live in Stockton California and both of us are on SSI
I too started collecting SSI at age 62. I had to retire due to health issues but these issues didn't allow for me to claim disability. I needed a 2nd income along with my retirement so I started SSI at 62. Lost almost $500 by collecting early but had no choice. I believe I made the right decision for myself.
I’m 70 and now collect social security and I’m still working. I need some direction shall I stop working or keep working for another 7 years like I want to do before I retire.
I live in a complex full of old people. Everyone I speak with is getting a monthly Federal welfare check. I mostly worked for cash. How can I collect a monthly welfare, SS, check?
I disagree. Which would you have: a small check that you will collect for a longer period of time, or a larger check that you will collect for a shorter period of time? Truth be told, nobody knows. Nobody can know. And the reason for that is because we don't know one key factor that is needed to know and that is the date of your death. The numbers that Social Security gives you prove that to be true. At 62 you will get a smaller monthly check but you will get more of them 48 more than the person who waits unitl age 66 and 96 more than the person who waits until age 70. Since we don't normally have the date of our death what we need to is guess. If you have longevity in your family and I mean a stong history of living well past age 80 the waiting might be worth the risk. If not, the bird in the hand approach is the to go. I retired 7 years ago at age 62 and started taking back my Social Security at that time. I did look at family history before making that decision. My dad died when he was 80. He did have a brother who lived until 87, but he also had a brother and a sister who died in thier 60's. My older brother died when he was 70. I looked at those numbers and decided it wasn't worth the risk to wait. I have knowledge of quite a few people who decided to wait and died before getting anything. Think about it, do you really think Social Security wants you to wait because it's better for you? Or, do you think the do it because it's better for them. Keep in mind they are trying to keep the program solvent. It's not in thier best interest to pay us more. So when do you plan on dying?
What about you started collected Social Security disability for years and now I am 66 and received a letter from SSA that now I am changed to Regular Social Security.
Was a widow and on disability, at 68 social security automatically turned disability to retirement, I never applied, received a lower retirement benefit...........
if you wait until 70, your benefit can increase by more than 8% if you keep working full time. Because you are replacing low earning years with high earning years in the 35 year calculation.
Hi, my husband passed away in 2019 , I only get a little of my husband social security and I get disability. Why can't I get all of my husband social security?
That's all and dandy...but if you are having health issues...take your money now......Everyone is in a different boat....your oars need to go in the same direction as you.....you may not see your future pending money in the distance. The future is not ours to see...Live Life Now!
I receive S.S. now, can I also receive S.S. disability? If I don't I'll have to keep working and it's getting very difficult. I'm 67 and alone, thank you
That is sad because I have worked the 50 years as of currently and I’m facing health issues and thinking about retirement. And I have almost 2 years left for full retirement….😞
I’m drawing my deceased spouses retirement annuity which is only about $100 more than what I would have had I drawn on my own. According to SSA, if I don’t draw my retirement for 3 more years, I’ll draw about $600 more per month.
I'm going to continue to watch the next Part Series. But, I hope you let people know another nasty fact...Social Security will not let you draw off of your deceased spouse if you have not been married a full 10 years. My husband passed in our 6th year of marriage. I was able to draw Widow's Benefit until my last child turned 16 yrs of age. And without notice it just stopped. Fortunately I was working at the time, though.
I was put on early retiement by ssa i am onssi disability also i was receiving 2 checks full checks two momths later they send a letter saying i made to much money deduuted ssi to 11 dollars and 2 days later i recieve retirement full check of now its 850 .i need to know why i had that happen imight not have to live in a inadequate rv notoilet norunning water barely electricity leaking floors stay sopping wet and fighting for my life due to cancer breast masectomy brain twice and lungs .i cant believe it .thank GOD IM A SURRVIVALIST
if you become disabled before 62 and remain disabled, you have no choice. You receive what you began with, with those little COLA raises periodically. When you reach the age when you would normally begin to be eligible, your disability automatically becomes Social Security. So, you will always earn less than you would had you waited to start collecting.
Where is she getting those life expectancy stats? The life expectancy for 2021 is 78. She stated it was 84-86. Major discrepancy... misleading. Some good info but for $80 more per month if you wait until you're 70 doesn't really seem worth it to collect for 8 years.
If you wait each year gives you apercent more so let’s say you’re getting $800 a month and you wait five years that’s $320 more a month but inflation is higher than 8%?
America has so many overweight people which tend to go on disability insurance at an early age. And that helps the government to cut down on retirement income for the rest of us.
Tim, although life expectancy dropped to 75.1, it's even more complicated than that. American men who reached 62 in 2019 could expect to live 20 more years, or to 82, although that doesn't account for COVID-19.
Maybe, but I have yet to meet anybody who took social security earlier than they had to who was happy with the decision. In my case, I get to retire at 67 because I am able to delay taking social security till 70 (and be eligible for some income-based welfare benefits as they are currently even though I won't need them). If I took them at 62, I'd be on the job till I die. If I took them at 67, there is a strong probability that I'd have to become a wage slave again. By the way, my net worth was below 0 in 2015 and my current income is well below the national median.
best sight on the web for old folks.
Thanks, Tim!
I need help o put my littlestory on comments i dont know if it can be acknowledged. I have alot of pain cant text
Ml
I always enjoy your counselling..Thank you !! ❤️❤️
Your information is very helpful and I think all seniors should be able to tune in to you thank you
Enjoy Your Counselling !! Thank you !! ❤️❤️
I will apply at 62 (in 2 years) and work part time. I also have a state retirement. I can only work from home due to health problems. We should get credit for raising children and taking care of grandparents
May I ask what you do from home?
I owed money to the IRS made payments for years fatefully.I finally got a tax specialist to help me.I didn’t owe nearly what they said They just kept adding interest and penalties because I was just paying 100 a month.I was put in the non collectiable category.Two years later I inherited land that belonged to my deceased husband and his two brothers.The land was sold.I paid 2019 taxes and will pay 2020.I got an extension. My question is do I have to pay those taxes ? The IRS does not work with you as they say they will.I never owed what they said I did.I offered to turn in life insurance policy.I stopped enjoying my life out of pure fear and embarrassment.I never dreamed that I would inherit what I did.I never told anyone .I did not even know I was intitled to it.
Here's The Cliff Notes : 1. Love your job & you're healthy ? File at 70. 2. Hate your job & wayyyyyy out of shape couch potato ? Collect at 62. It's later than you think. My work is done here.
I was forced to claim SS at 61, because I had a Traumatic Brain Injury (TBI) at age 51 from my car being T-boned by a bus. After 18 months recovery time, I went back to work, but wasn’t able to keep up, because my eyes no longer track together, making reading printed copy VERY difficult, and having short-term memory issues, as well as brain fog and other problems that come with a TBI.
My credentials were excellent, but my memory issues impacted everything. I got at least one new job every year, but got laid off because the jobs required a lot of reading, writing, and were very memory-intensive.
It’s been 15 years since the accident and 5 years since forced retirement on Disability, and I’ve seen no improvement.
My suggestion to anyone with cognitive issues: take copious notes, if you need someone to slow down when providing information, say so, right when you start having problems, and if you need things repeated five times, always be polite, but keep asking them to repeat the information until you’ve written it down.
Keep written notes on your phone, in your computer, AND in writing (or printed hard copy). If any of those technologies fail you (you lose your phone, or it breaks, or your computer gets a virus, you NEED that written information as your backup.
It may seem tedious at first, but you will save yourself days and major frustrations if you take the time to prepare TODAY.
I used my phone to track everything, and kept that sane phone for 12 years. One day, it just went blank. It still rang, beeped, and buzzed, but the graphics card had died, so I couldn’t see or answer anything! My computer had contracted a virus just a few weeks earlier, but because I had all my notes on my phone, I wasn’t worried…until the phone died.
Fortunately for me, I had just started spending $2/month to back my phone up to The Cloud, so most of the phone data was salvageable, but not all. And due to my memory challenges, I had no way of determining what had been lost. I’ve spent the last few months trying to recreate some of the missing info, but it is challenging at best, infuriatingly frustrating at worst.
Be prepared.
With a reverse mortgage the senior can-
1- pay off their mortgage balance and use the money for the mortgage payment to assist them delay getting their social security ! This will help increase their future benefits till they receive/ reach maximum age!
2- get an available line of credit and supplement their existing recovered benefits . This will allow their savings / reserves to recover in a downward market !
3-use available fun’s from a stand by line of credit and set one of 4 options available for receipt of money monthly! Lump sum, draw as needed, set payment for a period of time- ie , until SS payment starts, tenure payment- a predictable payment per month for life as long as seniors are in the house ! Just continue to pay the required property taxes and home insurance !!
Needed surgeries, so i needed to drop on disability..Waiting for approval, was critical .i didnt think approval would go thru fast enough; i needed " emergency surgery "...
I waited until 67 to collect. As was stated benefits increase 8% a year by waiting and this is cumulative. The thing that I questioned and never got a straight answer about is how the COLA adjustment is figured into the calculation. Does that 8% plus a 2% COLA equal 10% ??
I’m on SSDI. I live in California. Years ago I found a way to get Medicaid to pay my Medicare monthly premium. It’s $140! I’m not completely certain how I qualified. I live rent free with family. No car, no kids and no real bills and yet I still receive part of Medicaid’s help with paying my insurance premium. I’m not working the system, I’m making it work for me.
I'm on SSI. I'm not eligible to work??? I'm only 58, when is it best for me to apply for social security???
My mom is in a living facility and she is about to get out but has no where to go how do I do find a low income apartments for me and my mom we live in Stockton California and both of us are on SSI
i was 62 during the bush bust . it was a have too not a choice.
I too started collecting SSI at age 62. I had to retire due to health issues but these issues didn't allow for me to claim disability. I needed a 2nd income along with my retirement so I started SSI at 62. Lost almost $500 by collecting early but had no choice. I believe I made the right decision for myself.
I’m 70 and now collect social security and I’m still working. I need some direction shall I stop working or keep working for another 7 years like I want to do before I retire.
Keep working...it also keeps you young.
One thing you could do is relocate to another country where it's cheaper to live.
I live in a complex full of old people. Everyone I speak with is getting a monthly Federal welfare check. I mostly worked for cash. How can I collect a monthly welfare, SS, check?
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787.
There are very few instances where it makes sense to file before you are 70. Why would anyone want a small check???
I disagree. Which would you have: a small check that you will collect for a longer period of time, or a larger check that you will collect for a shorter period of time? Truth be told, nobody knows. Nobody can know. And the reason for that is because we don't know one key factor that is needed to know and that is the date of your death. The numbers that Social Security gives you prove that to be true. At 62 you will get a smaller monthly check but you will get more of them 48 more than the person who waits unitl age 66 and 96 more than the person who waits until age 70. Since we don't normally have the date of our death what we need to is guess. If you have longevity in your family and I mean a stong history of living well past age 80 the waiting might be worth the risk. If not, the bird in the hand approach is the to go. I retired 7 years ago at age 62 and started taking back my Social Security at that time. I did look at family history before making that decision. My dad died when he was 80. He did have a brother who lived until 87, but he also had a brother and a sister who died in thier 60's. My older brother died when he was 70. I looked at those numbers and decided it wasn't worth the risk to wait. I have knowledge of quite a few people who decided to wait and died before getting anything. Think about it, do you really think Social Security wants you to wait because it's better for you? Or, do you think the do it because it's better for them. Keep in mind they are trying to keep the program solvent. It's not in thier best interest to pay us more. So when do you plan on dying?
What about you started collected Social Security disability for years and now I am 66 and received a letter from SSA that now I am changed to Regular Social Security.
Was a widow and on disability, at 68 social security automatically turned disability to retirement, I never applied, received a lower retirement benefit...........
I have about half as much as most and worked and paid taxes from 14 years old. I'm 68 now,and disabled.how do I apply for some help with this?
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787
Thanks for all the info
You're welcome. Please share the channel with your friends.
if you wait until 70, your benefit can increase by more than 8% if you keep working full time. Because you are replacing low earning years with high earning years in the 35 year calculation.
Thanks you for your contribution.
Hi, my husband passed away in 2019 , I only get a little of my husband social security and I get disability. Why can't I get all of my husband social security?
That's all and dandy...but if you are having health issues...take your money now......Everyone is in a different boat....your oars need to go in the same direction as you.....you may not see your future pending money in the distance. The future is not ours to see...Live Life Now!
I receive S.S. now, can I also receive S.S. disability? If I don't I'll have to keep working and it's getting very difficult. I'm 67 and alone, thank you
Sorry to hear about your situation.
That is sad because I have worked the 50 years as of currently and I’m facing health issues and thinking about retirement. And I have almost 2 years left for full retirement….😞
We hope you have a happy and healthy retirement soon!
I’m drawing my deceased spouses retirement annuity which is only about $100 more than what I would have had I drawn on my own. According to SSA, if I don’t draw my retirement for 3 more years, I’ll draw about $600 more per month.
what if i now [at 72] remarry my ex spouse for her to get those survivor benefits?
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787
I'm going to continue to watch the next Part Series. But, I hope you let people know another nasty fact...Social Security will not let you draw off of your deceased spouse if you have not been married a full 10 years. My husband passed in our 6th year of marriage. I was able to draw Widow's Benefit until my last child turned 16 yrs of age. And without notice it just stopped. Fortunately I was working at the time, though.
I was put on early retiement by ssa i am onssi disability also i was receiving 2 checks full checks two momths later they send a letter saying i made to much money deduuted ssi to 11 dollars and 2 days later i recieve retirement full check of now its 850 .i need to know why i had that happen imight not have to live in a inadequate rv notoilet norunning water barely electricity leaking floors stay sopping wet and fighting for my life due to cancer breast masectomy brain twice and lungs .i cant believe it .thank GOD IM A SURRVIVALIST
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787
Tea ☕️
Trumpet Biden never talks about this American 🇺🇸 can do much better 🙌🙌
Please please help the people
He never talks about nothing!!!;
Seniors don't need bigger welfare checks. Our children are struggling. No COLA for greedy seniors.
👍
i retred in 2011 at 62 1800 a month... waiting till i was 70 wold be a loss of 100,000
donbt let covid get ya?? take what you can now before the global reset
if you become disabled before 62 and remain disabled, you have no choice. You receive what you began with, with those little COLA raises periodically. When you reach the age when you would normally begin to be eligible, your disability automatically becomes Social Security. So, you will always earn less than you would had you waited to start collecting.
Where is she getting those life expectancy stats? The life expectancy for 2021 is 78. She stated it was 84-86. Major discrepancy... misleading. Some good info but for $80 more per month if you wait until you're 70 doesn't really seem worth it to collect for 8 years.
If you wait each year gives you apercent more so let’s say you’re getting $800 a month and you wait five years that’s $320 more a month but inflation is higher than 8%?
Every year there's also a Cost of Living Adjustment (COLA) based on inflation. This year it's only 1.3%.
America has so many overweight people which tend to go on disability insurance at an early age. And that helps the government to cut down on retirement income for the rest of us.
Maximize It ?
✔️🇺🇲💸
a day working will never be better then a day not working .
That is our money - S.S. Should never withhold our money no matter how much one is making.
This is just not right.
I’ll be there at the age of 70 so why I wanna wait all the way onto 70
If you need the money before 70, there's no need to wait.
Social security, does not answer their phone
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787
75 is average span for men now. just saying.
Tim, although life expectancy dropped to 75.1, it's even more complicated than that. American men who reached 62 in 2019 could expect to live 20 more years, or to 82, although that doesn't account for COVID-19.
Life expectancy is complicated. I currently am expected to live until my late 80s and it will go up every year for me if I am still alive (it has to).
Sounds like she is working for social Security trying to make it sound good, waiting till 70 to collect
Maybe, but I have yet to meet anybody who took social security earlier than they had to who was happy with the decision. In my case, I get to retire at 67 because I am able to delay taking social security till 70 (and be eligible for some income-based welfare benefits as they are currently even though I won't need them). If I took them at 62, I'd be on the job till I die. If I took them at 67, there is a strong probability that I'd have to become a wage slave again. By the way, my net worth was below 0 in 2015 and my current income is well below the national median.
@@glensmith491 Way to go!
If health is not good you can’t wait until 70…?
Yeah wait til 70, dead at 71. Take it early!
This is all terrible
L
WHY is #s.s TAX
Money has Already been
TAXED .INCOME TAX?
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787