“That doesn’t mean that it makes sense to exhaust resources or suffer trying to hold out until age 70. The other big question is what other resources does a person have & whether we are able to continue to work to earn income - or maintain other sources of income – through age 70.”
Isn’t that the heart of the issue? For each person/couple, it’s a complicated equation.
True, calmom, but the person who holds off until age 70 might be impoverished from ages 62 to 70. For many people, it makes no sense to select certain misery from ages 62-70 to avoid possible misery from age 82 (or whatever) on. For people for whom that early SS makes a significant difference, it’s not going to be an easy decision.
but the person who holds off until age 70 might be impoverished from ages 62 to 70.
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Which is exactly what I wrote:: “That doesn’t mean that it makes sense to exhaust resources or suffer trying to hold out until age 70”.
But if you don’t have money to get by without SS income at age 62, then you aren’t going to be worrying about the math as to when it’s better to apply. You apply when you need the money; and in any case if your finances would leave you impoverished at age 62, your chances of living to a ripe old age are very much diminished. Bottom line, poor people tend to die younger, for a whole myriad of reasons.
102! Wow, I’d better do some long long term planning
I usually choose none@none.com. It usuallys works fine. Shhh, don’t steal my fake email. Hasn’t bounced yet.
My parents were traveling independently until the last few years. Now at 85 and 90, one of us will escort them if they want to travel somewhere.
It’s nicer traveling now that H is retired and no longer stresses about the work piling up on his desk in his absence.
My financial planning assumes both H and I will live to 100.
I don’t want to live to 100. Everyone thought it was cute my grandmother wanted to live to 115 or something, but you have to look at quality. I want to stay vital and have fun, maybe have some cozy, well run AL place. 90 might be okay, if I’m still good. I’m not sentimental about being here longer for grandchildren to “enjoy” or to see my great grandchildren graduate college.
I agree that once it’s no longer fun, it’s no longer worthwhile. In this day and age, though, that might wind up being 90 or 95 or even later. We all know that 50 is the new 35, 60 is the new 45, and 80 is the new 60. So 95 might be the new 75.
A wise man once said, “I’m no fool, no siree I want to live to be 103”… oh wait, that was Jiminy Cricket
Thanks NJ, I am wanting to know if they actually need to have our bank routing # if H is filing and suspending–and I will apply in August for spousal. Our Banks could change before then!
And I simply do not trust them after what VH has gone through.
I have spent a good deal of time the last 6 weeks between the assisted living place, the skilled nursing facility and now a board and care home. Having observed both the nursing patients and the supposedly “doing well” oldsters in independent and assisted living, I am thinking a bit more sugar, a bit more butter, maybe more tequila, and heck, more bacon- live a little more festively and don’t stress getting past 90. It just does not look fun 
@somemom: When you go to the “assisted living place, the skilled nursing facility and now a board and care home,” you’re not seeing the 95-year-olds who are still independent, have all their marbles, are physically stable, and live independently. There are many of those around.
“Where is the AARP?” - This organization is traitors. I cancelled my membership several years ago. I do not trust a single statement that comes from them. They are after their own “enrichment” and nothing else.
Sheesh, they’re closing a loophole, as was discussed earlier in the thread. You want AARP to focus on “to your own advantage,” exclusive of the larger goals?
What’s interesting is the experiences of some in dealing with SSA reps, the current state of confusion. I didn’t have this issue (with a situation not directly related to my own retirement,) a few years ago. Despite my leaning toward obsessive in matters like this one, I had zero issues with the SSA rep, the scheduling, the details presented, or post-processing. It was, in fact, pretty well done. Just saying. I’m wondering if the problems noted here are more specifically related to this new twist and how new it is. Best wishes as you all navigate.
I applied for SS to start collecting at age 62. My birthday is at the beginning of March. About mid December, I happened to be near the SS office so I went in…figured as long as I was there, I would just apply in person. I had all the necessary documentation with me.
So…I took a number…and waited. There wasn’t a very long wait, I got to my SS person at the counter, when my number was called,and was told I could not yet apply…I had to wait another month…um no…90 days out…or less. I was well within that window. Person insisted I was there a month too early.
So I left, and filed from my house online. I think that is what they really wanted me to do.
Gads!
I agree…gads!
Speaking of fake email addresses, a Republican from Texas named Mildred who drives a Buick and supports a university in Houston has been using my real email address as her fake address - I keep needing to unsubscribe from these junk emails.