Social security??

[IVE GOTTA PACKAGE 4U]

Perhaps purchase life insurance and not take the survivor benefits with your pension. So many options. This thread is showing our age.

Life insurance it's usually no good option

 

[Brownwind]

Life insurance it's usually no good option

The options are many concerning the pension. Fortunately we have many options. Just curious about it why it’s not a good option.

 

[IVE GOTTA PACKAGE 4U]

The options are many concerning the pension. Fortunately we have many options. Just curious about it why it’s not a good option.

Is it older life insurance is very expensive

And if your spouse has longevity 20-year term may not be enough

I know exactly how much my pension is worth and how much the survivorship options are neither one is cheap

 

[Thebrownblob]

Social Security should have never been a thing.

That has probably sailed

 

[sailfish]

That has probably sailed

There's no probably about that.

 

[oldngray]

There's no probably about that.

 

[sailfish]

View attachment 497975

I'd point and laugh.

 

[Wally]

Or you could be dead and collect nothing

He's using SS as insurance for wifey. Not necessarily a bad plan.

 

[IVE GOTTA PACKAGE 4U]

He's using SS as insurance for wifey. Not necessarily a bad plan.

Or he could collect now and invest that money if he doesn't need it.

 

[Wally]

Or he could collect now and invest that money if he doesn't need it.

He is worried about inflation and future costs. How much you need to save in a short time to earn an extra $400 a month? That is the number he was looking at.

 

[IVE GOTTA PACKAGE 4U]

He is worried about inflation and future costs. How much you need to save in a short time to earn an extra $400 a month? That is the number he was looking at.

Their is no correct answer

Maybe take social security early and let your Roth IRA keep building up?

 

[PT Car Washer]

Or you could be dead and collect nothing

No, the wife will collect. The reason I have been waiting for it to grow.

 

[PT Car Washer]

Or he could collect now and invest that money if he doesn't need it.

SS benefits goes up 8% a year until 70. Where can you get that return?

 

[Johney]

Or he could collect now and invest that money if he doesn't need it.

Let me guess.....IBonds.

 

[IVE GOTTA PACKAGE 4U]

Let me guess.....IBonds.

Perhaps

 

[rod]

View attachment 497975

I'm sure his Dad will buy him a new boat.

 

[Johney]

Perhaps

Perhaps should pay attention to the sand in your vagina from the beach.

 

[Red Headed Stranger]

I'll throw my 2 cents in ($2 million after inflation). I agree with Gumby. Take Social Security early (age 62) if you are already retired from UPS and put that money in your savings. Work part-time making at least what the annual ROTH contribution is every year and stick that money into a ROTH or if you are ambitious, you can earn up to $22,320 in 2024 without any of your Social Security being clawed back.

 

[Wally]

Crunch the numbers.

https://www.marketwatch.com/story/your-social-security-math-may-be-wrong-and-it-could-cost-you-a-lot-of-money-894c395b

 

[oldngray]

Crunch the numbers.

https://www.marketwatch.com/story/your-social-security-math-may-be-wrong-and-it-could-cost-you-a-lot-of-money-894c395b

may be wrong ...

it could cost you ...

No one size fits all answer for everyone