I bought Laurence J. Kotlikoff's"Get What's Yours" 2015 book. A lot of the book gives facts on the diminishing Social Security benefits and eventual demise without significant congressional changes. Pennsylvania Dutch cliche' is that we become "Too soon old, and Too late smart", and don't I believe that? Short sighted administrators have sold seniors down the river. I retired when I was 65 due to a buy-out and received the instant cash of 25K, of which the IRS took nearly 10K.
Still, I was plenty healthy, although I had my second four by-pass surgery when I was 69 ( Successful thanks to good cartographic care and surgery). I am 83 now and there was no guarantee I would become 83 as I am today. My good friend, Bill Hensel, suspended his SS until he was 68, which meant he receives twenty-four percent more each month on his SS pension for the rest of his life. God bless Bill. He told me his father did not take his until he was 70, which meant he receive forty per cent more pension annuity for the rest of his life. Only one per cent of men and two per cent of women filed and suspended until they were 70. I still am so disappointed own our non-representative Feds for not properly advising us. We would all be much better off had the SS rules remained a separate fund. Every new fed rep has wanted to have his name on a new tax, no matter what it has cost retirees. That is short sightedness to the point of destroying the republic which Winston Churchill claimed to be the worst form of government in the world except for any other kind. Margaret Thatcher and Ronald Reagan helped the world survive throughout the eighties and nineties by sticking largely to time-honored integrity and princepals.
My prayer is for Christ to return with the Rapture and honestly to combat the omnipresent evil which surrounds us.
Nevertheless, I thank another good friend Marge R for this current message.
I found this interesting and thought you would too:
Social Security Issues FAQs on New Rules for 019File and Suspend 019
For your information.
