Earning Money While on Social Security – What’s Changed?

Comments · 132

• PA

  @paulrg1 · 1 year ago

  Taking mine at 62! No guarantees in life. Maybe still work part time if I choose to do so. Watching my earnings limit. 🙏🙏🙏

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• HE

  @HELEN-E7 · 1 year ago

  Limit test!!....... Keeping the chains around the neck of the American people.

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• JA

  @JACKPAVAL · 1 year ago

  They need to take that Earnings Test and Shove it.

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• MO

  @montecraig7032 · 1 year ago

  Took mine at 62 1/2. Don’t have a lot of savings but I have my house paid off. If I am finding it hard to make it I’ll go get a part time job.

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• SO

  @sometimesweagree · 1 year ago

  Thank you for addressing this! 🥰

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• ER

  @ericsmith3765 · 1 year ago

  Why do you call it a benefit? <br>It&apos;s always been my money....

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• DE

  @debrafirestone861 · 1 year ago

  I took mine at 62 because I was widowed and needed it and worked part time

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• LA

  @laserfilmlab · 1 year ago

  So, to sum it up! We are screwed!

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• 70

  @70qq · 1 year ago

  the larger SS amount for waiting until 70 is not a reward for patience , its designed to pay out exactly the same as 62 , because you take it for less years ... its an individual decision ... my break even age is 80.5 , which means id have to live 18.5 years PAST age 62 , just to break even ... meanwhile pulling from my retirement accounts , no matter how bad the market is doing , for 8 years until i am 70 ... ... &nbsp; no thanks ... im not betting my portfolio i can leave to my kids on me living 18.5 years beyond age 62 just to break even ... only two things are guaranteed ... i will die , and i cant leave SS to my kids ... its a different ballgame for people that have a paycheck coming in from 62-70 , because if you make over $23,400 besides you&apos;re SS at 62 , they take a huge chunk of your SS away ... people making a regular income after 62 would be dumb to take it at 62 and lose money to do it ... those people need to wait until 67-70 , but they are the minority ... and if you&apos;ll need SS to survive because you didn&apos;t save well , then you probably wanna wait as long as possible , because its important to you if you live well beyond 80 ... i am in the sweet spot because i don&apos;t need SS at all , but it will cover all of my expenses , so ill save my portfolio and take it at 62 because i don&apos;t have any other income after 62 besides my portfolio ... choose wisely and don&apos;t listen to blanket advice , because its different for each of us ... good luck ! <br> <br>Just an F.Y.I. .... &nbsp;some people say even if you don&apos;t need it and don&apos;t have any other income coming in , you should wait until 70 to claim , in case you live to 90 to maximize financially and be optimal ... if you don&apos;t need SS to live on and took it at 62 and invested it in safe assets getting just a guaranteed 3% return , at age 90 you would have 23.5% more money than the amount you would have collected from your age 70 SS benefit for 20 years from age 70-90 ... and if you did the same thing and even lived to 100 you&apos;d have 32.65% more money than what you would have collected for 30 years from age 70-100 ... the best part of all is , you can leave that huge pot of SS money to your kids , unlike actual SS which dies with you no matter what age you live to ... and most of us that are good with investing would get much more than a 3% return on our money over 28 or 38 years with the market ... and you may not actually invest your SS , but if it lets you leave the dollar amount of your SS invested each year , its the same exact thing ... if you&apos;re just gonna blow your SS on top of taking portfolio withdrawals that are the same , like most people would , wait until 70 ... but remember , just because &quot;most people&quot; are bad with money and investing , it doesn&apos;t mean you have to be 😊

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• LA

  @ladyluck2607 · 10 months ago

  great video, your presentation clarified some of my confusion

• DA

  @dannyleblanc9699 · 3 months ago (edited)

  Took mine at 62 no guarantee I&apos;ll live past 67 do to health

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• JO

  @JohnsDeb · 1 year ago

  Thank you

  3