Michelle Obama

[UpstateNYUPSer(Ret)]

Every financial advisor I have talked to suggests, as a general rule, that you start at 62.
Bird in the hand concept.

Mine has me waiting until 67, if not later.

 

[island1fox]

Upstate NY is correct when he said that I have handled my money and investments extremely well over the years.
TOS is absolutely way off target to claim social security is the same as handouts -- --People -like all American's that worked --had money forcibly confiscated for Social Security.

The return on MY investments are huge compared to what the Government did with MY money that I may or may not ever get back from them !!

 

[ImWaitingForTheDay]

People of my age paid into this all of our working lives..........you bet I'm first in line to get MY MONEY!!! You can count it under welfare if you want (like Obama does), but I'm just withdrawing what I paid in. I'd be foolish if I didn't.

Why don't you take what you put in????you and many more anti gov't types will take out far,far far more then they, you put in....Moreluck ...Is The true Socialist here

 

[The Other Side]

I didn't say they were lazy........they are here illegally !!!! As illegals, they don't get jack.
After the comma, I mention lazy asses.....those that can work but won't get off the couch to do so.

In other words, RED STATES, eh moreluck?

TOS.

 

[The Other Side]

What an awesome "First" couple..!

 

[Catatonic]

In other words, RED STATES, eh moreluck?

TOS.

You do realize that there are democrats in RED states?
90% of people in these trailers consider themselves Democrats.

 

[moreluck]

Mine has me waiting until 67, if not later.

Like you have a guarantee you'll make it past 62...........I'd fire that advisor.

 

[moreluck]

Upstate NY is correct when he said that I have handled my money and investments extremely well over the years.
TOS is absolutely way off target to claim social security is the same as handouts -- --People -like all American's that worked --had money forcibly confiscated for Social Security.

The return on MY investments are huge compared to what the Government did with MY money that I may or may not ever get back from them !!

Sadly, Both Social Security and Medicare recipients are counted when they total welfare recipients. It's Obama's way.

 

[UpstateNYUPSer(Ret)]

Like you have a guarantee you'll make it past 62...........I'd fire that advisor.

I value his opinion far more than I value yours.

 

[MenInBrown]

When you say takers, you are talking about social security recipients, right? Oh wait, youre one of those takers, I forgot.

TOS

Does a 62 yr old individual who has worked their whole life, have more right to social security that they have paid into while working, or, a 25-35 yr old unemployed scab that has made a career off entitlements????

 

[UpstateNYUPSer(Ret)]

Does a 62 yr old individual who has worked their whole life, have more right to social security that they have paid into while working, or, a 25-35 yr old unemployed scab that has made a career off entitlements????

You have to work at least 40 quarters to earn full Social Security benefits.

 

[MenInBrown]

You have to work at least 40 quarters to earn full Social Security benefits.

But you don't have to work or pay in to the numerous entitlement programs.

 

[MenInBrown]

What an awesome "First" couple..!

I found an earlier pic of the first couple...this I believe is before they became crooks.

 

[island1fox]

I know that we can have back and forth --some tongue in cheek --some not --but without a doubt Upstate makes an extremely important point --YOU --must value the advice of your financial advisor.

When I retired I called Merril Lynch--AIG--Bank of America--UBS and Smith Barney.

I gave them a few basic personal financial numbers and told them to develop a "retirement plan" for me.

Some Companies made personal visit appointments with me --while a few just sent written or e-mail info.

After an exhaustive interview and fact discussion process ---I found a very reliable -Professional Financial Advisor ---whose advice I value ---but I certainly make the final decision on any Investment .

P.S. While I selected one advisor ----I combined the best from all plans submitted !!

 

[moreluck]

So you get hit & killed by a bus at 66 7/8 years of age. You could've been collecting S.S. since age 62.....but with your guy's way, you never see a dime. That' a real winner you have there.

 

[moreluck]

It doesn't take a financial advisor.....just some common sense in the end to make some decisions. It's common sense to know no one has a 'life guarantee".

If you take S.S. at the earliest (now 62) instead of starting it at65.....it's like 13 0r 15 years for the break even,.............

 

[UpstateNYUPSer(Ret)]

So you get hit & killed by a bus at 66 7/8 years of age. You could've been collecting S.S. since age 62.....but with your guy's way, you never see a dime. That' a real winner you have there.

The average life expectancy is 90.

$1K/month for 28 years is $336K.

$1.5K/month for 23 years is $414K.

 

[upsgrunt]

It's 78.64 years, not 90.

 

[UpstateNYUPSer(Ret)]

The concept is the same. The longer you wait the more you will make.

 

[moreluck]

Where is your written guarantee that you'll live to 90. This is the unknown. Which is why you take the money as soon as it's available to you.

$100,000.00 a month at age 65 = $0 if you croak before 65.

Your life expectancy is a little high...

http://www.worldlifeexpectancy.com/usa/life-expectancy-male