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In reply to the discussion: So correct me if I am wrong - but Social Security recipients have already [View all]Flatulo
(5,005 posts)15. Most people nearing retirement have nowhere near the cash reserves to live with no income for years.
I was lucky enough to earn a fuck-ton of money during my working years, but check out what the mean and median net worth of retirees at retirement are, by income - It's shocking. People are broke.
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So correct me if I am wrong - but Social Security recipients have already [View all]
truedelphi
Dec 2012
OP
kr. There have been a string of benefit reductions, such as making benefits taxable under
HiPointDem
Dec 2012
#4
Yep, and if your spouse is still working, your piddly benefit now gets taxed at the rate of
Flatulo
Dec 2012
#14
That totally depends on what year you were born. I thought I needed mine at 62. It is 50% of what I
judesedit
Dec 2012
#11
Most people nearing retirement have nowhere near the cash reserves to live with no income for years.
Flatulo
Dec 2012
#15
The 1983 Social Security Amendments built in a sliding scale based on birth-year....
OldDem2012
Dec 2012
#22
And it's interesting that members of congress receiving pensions can start getting them at 62. n/t
bluethruandthru
Dec 2012
#23