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Your Next Project Starts with Brownstoner
Costa Rica might be better then.
I got robbed there.
Dibs – ahh – I wonder why disability is different – ok can’t wait til 2037!!! – wooo hooo
ugh!
for those of us 25+ yrs away from retiremt, are we confident SS will be there for us? would it be peanut payout or same as we see folks get today?
By dittoburg on October 6, 2010 12:25 PM
By a shack and retire in warm Mississippi, your money will go far. Or retire to a third world country where you can collect SS and the residents are attractive.
One place that was supposed to be a good place for US citizens to retire (climate, universities, medical care, cost) was Cuenca, Ecuador. If you could ignore the uprising of the police and the resulting national state of emergency. 🙁
disability is different. And, yes, If you wait a long time, you do get more. If you retire at 62, your payment will be 74% of what you would get if you wait until 66 and 56% of what you would get if you waited until 70.
Also, read your statemet. It says..” The law governing benefit amounts may change because, by 2037, the payroll taxes collected will be enough to pay only about 76 percent of scheduled benefits.”
By a shack and retire in warm Mississippi, your money will go far. Or retire to a third world country where you can collect SS and the residents are attractive.
Slopey, I watched it a few years ago, but I seem to recall a lot on Robert Moses coming up.
Power Broker by Robert A. Caro?
Dibs – I don’t think that’s right
b/c the last SS statement I received last year said I would receive $1500 if I suddenly needed to go on SS for disability…..
my mom made WAY LESS than $300K as a teacher in NYC and she is due to get $2600 a month but she’s still putting off collecting SS b/c it pays out at a higher rate per month the older you are to “cash in”
Yes, gem, if you’ve been earning $300,000 or so for the past 15 years. otherwise more like $900-1,500.
🙁