Zone1 Social Security

[beagle9]

Why not set the government age for acceptance at 62 for anyone that wants to continue working beyond that age, but decides to draw their social security at age 62 under penalty, but even so still wants to keep working and paying into the SS system by having no limits or penalties on added income after reaching the age of 62 while drawing ones earned social security ?

Some are eligible at 65 to retire and make added income with no penalties, and some are scheduled at 66 and 67 to retire with no penalties on added income also, but why are penalties added to anyone working after drawing their social security under penalty after 62 ?

I ask why are penalties for additionally added incomes being levied against one's social security, otherwise once the age of 62 has passed and the person decides for whatever reason that they needed the added retirement money to help them with their income as they continue to work and pay into the SS system while staying above the poverty line ?

Why are social security recipients being punished twice if decide to draw early at 62 under the first penalty of early withdrawal, and then punished again by having an earnings cap placed on additional earnings if the person decides to continue working and paying into the social security system ? In fact it's actually a third punishment because you are already drawing and will never see the benefit of the SS payment that you still have to pay on income if continue to work after electing to draw at whatever age one decides to draw at ???

Is the game rigged in hopes to deter people from drawing early when the added earned SS income could help them make ends meet by getting money that they've already earned ??? Why make people poor if they decide to draw their social security in life at anytime after 62 ? What's with the penalties, and is their a consensus in government to continue the penalties regardless of party ?

So doesn't it fly in the face of the American people upon senior citizens having to witness government fighting for free Healthcare for illegals, and fighting for free government subsidies for illegals, sanctuary cities, free cell phones and internet services, and the kicker was government sending millions over seas for some of the most ridiculous scams that were being busted by dodge, and yet American senior citizen's are being placed at the bottom of it all ???

 

[initforme]

65 is too late to be retiring.

 

[Mr Natural]

65 is too late to be retiring.

Nobody wants a bunch of old farts hanging around the office or the construction site.

 

[Darkwind]

65 is too late to be retiring.

You are aware that you can retire any time you wish in life as long as you have a means of support, meaning money.

65 is just the middle line of when the government will give you back what is yours, in tiny and stingy little increments.

 

[CrusaderFrank]

I've been saying for a really long time now: use 80% of the "trust Fund" to buy US equities

The Fund will be solvent

 

[sparky]

I'm 68 , and got the tired part of retirement........ .~S~

 

[d0gbreath]

People that don't retire at 62 aren't very good at math.

 

[Eman623]

The reason they raised the retirement age is because people are living longer. For me it's like 67.

I'm 64 now and having too much fun working to retire. I like my job. And I'd pay a penalty if I started collecting SS now.

I'm paying the maximum SS tax amount every year and plan to wait until full retirement age, and maybe even until 70 to get the maximum possible benefits. Or if I don't live that long, then my wife (who is a lot younger than me), will get the maximum survivor benefit for the rest of her life.

 

[sparky]

I like my job.

I like what i do too Eman.......~S~

 

[initforme]

You are aware that you can retire any time you wish in life as long as you have a means of support, meaning money.

65 is just the middle line of when the government will give you back what is yours, in tiny and stingy little increments.

Yep. Ive been collecting social security for well over 25 years. Its such a great program.

 

[sparky]

I really don;t have a problem with it as much as i do some folks view of it

~S~

 

[Darkwind]

I'm 68 , and got the tired part of retirement........ .~S~

I turn 65 in a couple of months.

 

[initforme]

I really don;t have a problem with it as much as i do some folks view of it

~S~

Theres no other way to look at social security other than a massive success.

 

[beagle9]

You are aware that you can retire any time you wish in life as long as you have a means of support, meaning money.

65 is just the middle line of when the government will give you back what is yours, in tiny and stingy little increments.

Are we addressing the OP concerning the program and the way the penalties are being implemented, and this regardless of the "penalties" already incurred if take the retirement income option from 62 up through the age of 67 ?

Why the cap on income at any level of retirement, otherwise if a person wants to continue working after they choose to receive their retirement check anywhere from 62 up to the age of 67 ? Why the cap on income just because a person decides that they want to start their earned retirement check at 62 ??

You are penalized if take the check at 62, but then if want to just use the money as supplement income because you want to continue working and of course paying in to SS onward, then why the cap on earnings that threatens the retirement income check amount ???? Please explain this to me ... Thanks

 

[Darkwind]

Are we addressing the OP concerning the program and the way the penalties are being implemented, and this regardless of the "penalties" already incurred if take the retirement income option from 62 up through the age of 67 ?

Why the cap on income at any level of retirement, otherwise if a person wants to continue working after they choose to receive their retirement check anywhere from 62 up to the age of 67 ? Why the cap on income just because a person decides that they want to start their earned retirement check at 62 ??

You are penalized if take the check at 62, but then if want to just use the money as supplement income because you want to continue working and of course paying in to SS onward, then why the cap on earnings that threatens the retirement income check amount ???? Please explain this to me ... Thanks

I'm not sure what you are going on about.

My point was that if I had 20 million dollars, I don't have to wait for a government to say I can retire. I just can't touch the SS. If I had 20 million, I wouldn't think twice about SS.

As for your scenario, is it that you want to keep working at your current rate and then just bank/invest your government check?

I can see an ethical problem with that. Regardless, I was just saying the government isn't the only arbitrator of retirement.

 

[Eman623]

I like what i do too Eman.......~S~

What is it they say? "Do what you love and you'll never work a day in your life."

 

[beagle9]

The reason they raised the retirement age is because people are living longer. For me it's like 67.

I'm 64 now and having too much fun working to retire. I like my job. And I'd pay a penalty if I started collecting SS now.

I'm paying the maximum SS tax amount every year and plan to wait until full retirement age, and maybe even until 70 to get the maximum possible benefits. Or if I don't live that long, then my wife (who is a lot younger than me), will get the maximum survivor benefit for the rest of her life.

This doesn't address the op pertaining to a cap put on any income being made beyond a certain number and/or revenue generated after beginning to draw what belongs to you anyway, where as the check is threatened because a person wants to draw their retirement check in hopes maybe to help them survive by way of it being used as a supplemental to their income. This they do as they keep on working full time making the retirement check just an added income that will boost the earnings of the individual therefore keeping them out of poverty depending on the job skills they possess.

 

[sparky]

What is it they say? "Do what you love and you'll never work a day in your life."

ah, you the the strings of my old black heart Eman....... .~S~

 

[beagle9]

I'm not sure what you are going on about.

My point was that if I had 20 million dollars, I don't have to wait for a government to say I can retire. I just can't touch the SS. If I had 20 million, I wouldn't think twice about SS.

As for your scenario, is it that you want to keep working at your current rate and then just bank/invest your government check?

I can see an ethical problem with that. Regardless, I was just saying the government isn't the only arbitrator of retirement.

Why would you see it as an ethical problem if the government isn't giving you the money, and that's because you earned the money over the 40+years that you worked while the government conveniently took it from you for those year's worked ??? The government then gave a promise of a percentage of it to be paid back to you for retirement ?? It's your money !!!
So why all the games needing to be played concerning putting a cap on any additional income beyond the check, otherwise if decide to keep working after 62 but the check is now being paid to you at a penalized amount ???

 

[sparky]

Why would you see it as an ethical problem if the government isn't giving you the money, and that's because you earned the money over the 40+years that you worked while the government conveniently took it from you for those year's worked ??? The government then gave a promise of a percentage of it to be paid back to you for retirement ?? It's your money !!!
So why all the games needing to be played concerning putting a cap on any additional income beyond the check, otherwise if decide to keep working after 62 but the check is now being paid to you at a penalized amount ???

I don't feel unethical........ ~S~