Sad days for retirees

Had lunch with my Cuz that I used to work with yesterday, traded stories on what we are doing, farm, trucks, tractors etc, then comes up another retiree that we worked with that is my and my Cuz's junior at 60, he had a surprise AFIB issue last month when in for a routine look over at Do's office, well turned out he is suffering with only 20% heart function.  Worn Slam Out, but not from over work as he always had someone else to do his grunt work, his sons, his wife, the underlings at work, where he liked to play on PC, go ride a cart and play at Golf drinking a LOT more than should and eating not so good.  Has ALL caught up to him.  Has not done well for his wife either, she developed Syncopy in the last few months, has been type 2 Diabetic for years but this new issue where she just drops out, falls down, cannot remember either occurrence.  She is also 60, both have commented may not ever see any SSi payments at this rate.

Edited by DMiller - 17 Aug 2022 at 5:09am

SS is a PONSI scheme set up by government and that magic age 65 has now been moved and it looks like it will be moved again . 
 A big deal with the idea of taxes is next as they were set onn a figure of 1983 tax law and have not been changed so any increase this year because of inflation will be met with a higher tax rate UNLESS someone sets up new IRS rules . 
 Adding individuals into system to benefit both on the Medicare and SS side is another political move and the call for Medicare for all FREE is another When Pigs Fly promise .

I started paying into SS when was 15, by my math that ‘work for 40 yrs’. was passed a long time ago. When I reach 62 1/2, will need to really sharpen the pencil. Will get max benefit if retirement is put off until age 70 from what I have heard, but that thought is almost revolting(lol). And yes, SS is a Ponzi scheme, was never intended to last but a few years.

and retiring when your 65 is A LOT MORE FUN than working till 70 .. 

Edited by steve(ill) - 19 Aug 2022 at 2:53pm

I didn't have to start drawing out until I turn 71 1/2 and the government determines how much you've to draw out they have a formula they go by it's something like your life expectancy mine was 83 years old and if I remember right it's was 4.5% minimum but could pull more then that if wanted, I went through it about a year ago. Also I started drawing my SS at my retirement age of 66 and kept working until I pulled the pin at 68 and could make as much money as I wanted without penalty, also just sign up for the medicare that was free because I was still insured through my employer this satisfied all the insurance requirement of obamacare, yes you could say I double dip for two years.


Edited by Kenny L. - 19 Aug 2022 at 8:17pm