The Social Security Rule Most Expats Don’t Think About

Comments · 135

• NI

  @NinjaKittenTakesTheOneRing · 3 months ago

  I’m a cancer survivor. There is no guarantee that I’ll get to be 70. I took my SS at 62 - and am on my way to Europe. Everyone can kiss my… 😂

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• NO

  @nomadicstan · 3 months ago

  Took mine at 62 and can't cry about what I'm missing or what could be And I was in a position to actually wait but no I'm living now. Tired of storing things up for the future especially at 65

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• MP

  @mppulidot · 3 months ago

  You forgot the MAIN reason why we want to retire early, we dont want to work anymore :-) we want to enjoy life it doesnt matter if it is simpler and cheaper.

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• WI

  @WilliamFluery · 3 months ago

  My social security at 62 was $2,624. My social security at 70 is $4,648 but what matters most is, do I have income for my living expenses until 70? Yes! Will I do ROTH conversions some time between 62-70? Yes! Do I want my wife to have highest survival benefits? Yes! Therefore, I will file for social security at 70!

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• AN

  @andernature · 3 months ago

  I retired at 62 during the pandemic. Besides SS, I have three other pensions. According to my accountant it will take until age 78 for my SS to break even. I'm 68 now, and I've been able to travel to many parts of the world including South America, Asia, and Europe. In the last six years I've done and enjoyed so many things that I couldn't do while I was working. Money can buy you things, but it cannot buy time. It comes down to each individual to make that decision. Have a great day. 😊

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• DA

  @Data_CPA · 1 month ago

  To get an equivalent or more is to take it early but invest those amounts ...by the time you get to full retirement or late retirement you will have more

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• AS

  @AstroBoy-1812 · 1 month ago

  Great video. Thanks. I get it most don’t want to work but some folks can’t let go of work and want to keep busy. Not me but I get it.

• DA

  @daoistdansah54 · 3 months ago

  Timely.  Just talked to my retired nurse friend about this over the weekend. She's in Ecuador.

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• GO

  @gonoles69 · 3 months ago (edited)

  I will draw at 62, nothing guarantees you live to 65 or 70. I am military retired and disabled vet.

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• TI

  @TimeToRambleOnSon · 3 months ago

  Why wait? For many people, delaying Social Security doesn’t pay off until around age 79–81. Take it at 62, collect years of checks, and invest or enjoy the money now. None of us is promised tomorrow—if you don’t make it to the breakeven age, waiting may have cost you thousands.

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• JL

  @jlaskowski1016 · 1 month ago

  I will start at 62 because I will stop working at 59 and don’t want to consume my IRA waiting longer for SS.

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• MA

  @malvinas78 · 1 month ago

  62 for me. Definitely a no brainer. I don’t have college education, but even I know that life is short. Quality of life is different after 70. I’d rather enjoy earlier and take the 30% less. Social Security meant as a supplement and not the sole retirement income. I’m not educated, but I know from the time I started working, always put your money away and live below your means. I did exactly what my parents did when they came to this country. Most my money is into retirement funds, 401(k), stocks and real estate investments. I just went straight to work after high school. I was born in the US, but I hold my parents citizenships. I currently have three passports. US by birth, Greece and Argentina. It was quite a bit of work going through the Consulates and submitting all my documentations, but I figure in the future now I don’t have to worry about visas when I retire overseas. I still have a few more years to go. Still deciding with my wife between Europe or South America. We leaning towards South America since it’s less expensive.

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