Cojohnso1
Well-Known Member
And that doesn't take into account any interest accumulated in aquiring SSA payments sooner. (Which is getting more relevant with interest rates increasing.)the math, age 62 to 67 not collecting SSI.
EX.25.000 per year income = $125.000 how many years in increase benefits at 67 years to break even is about 8 to 9 years. Age in the plus 75 to 76. Always remember if you get an illness requiring nursing home, they take your SSI.
With life expectancy age going down over the last 2 years? That certainly puts a damper on raising retirement age debate. I'm sure it's probably just an anomaly. Probably with pandemic numbers contributing. I'm willing to bet they begin to increase soon. Especially with a lower age floor as of today.
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