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Post by Deleted on Oct 20, 2018 10:22:30 GMT -5
It's a weird rule but can enroll three months prior to, and three months following, your birthdate. But your month of birth counts in that. So if your b-day is in March, you can enroll in January, February or March. Or, March, April or May. Like I said earlier.... there are lots a weird rules....many of which are in accurate or conflicting or have many well if this that and the other things associated with them. And the reason I started this OP. Hopefully it will help someone avoid the pain and angst I went through. I know some here may not think I am too bright. But I think I am enough to realize that this is a messy cats' cradle if you want to work the 'system' to your advantage and not the goooberments. After this... I can see why people with less fortitude or 'smarts' just throw in the towel and say 'yeah sure whatever' just to be done with it all at 62. And you are on glide path to Medicare at 65. But you can possibly lose a lot of SS dollars. I am frugal...not stupid. 😂 👍🏻👍🏻👍🏻 Following this thread. Good info
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Post by Deleted on Oct 20, 2018 10:23:49 GMT -5
You have to Register with SS at 65 but I'm still working and have my Work Aetna coverage so I'm not using the Medicare yet. Well you are registered with SS when you get 'the card'. Now signing up for benefits a lot earlier than 62...I think 55...but YOU CAN DEFER COLLECTION to an age of your choosing. Well you MUST TAKE IT at 70. So in affect you can prefill out everything ...just not submit it. Again all this stuff is tricky and convoluted. By the way, why is it weird and convoluted? The only people that like it that way are accountants and lawyers! 😒
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Post by Deleted on Oct 20, 2018 10:48:57 GMT -5
I signed up my sister for SS. It took less than 10 minutes on line. You just set up an account.
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Post by Hoot on Oct 20, 2018 11:02:46 GMT -5
I feel guilty now for not having any issues signing up for Medicare, but I did sign up for SS and Medicare at the same time (when I turned 65). Medicare starts the first day of your birthday month. I did get a bill for 3 months prior to getting my first SS check, but when I called they reduced it to 2 months and once it came out of my SS check they returned the payment. The difference between collecting SS at 65 instead of waiting till 66 wasn't that much so I didn't wait.
My supplemental insurance is $150 a month, but the company I worked for reimburses me for both the insurance and prescription premiums.
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Post by Deleted on Oct 20, 2018 11:12:32 GMT -5
Medicare A ( hospitalization ) is free, B you pay for.
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Post by Deleted on Oct 20, 2018 11:44:59 GMT -5
No I took it at 65 but didn't really want to. In retrospect it was good for me, well worth the 105 bucks a month taken directly out of the SS. SS at 62, any later doesn't make sense. At least not for me, I quit work at 54 and flew under the radar for another 11 years. Again I am no expert. You say that there made no worthwhile difference between waiting till 65. That maybe do to the fact that you stopped paying into the system at 54. And again assuming you looked at the SS payout tables based on age and your 'pay in' to that point. However in my case, by not taking SS at 62 and waiting till I was 66 (full vesting) I increased by return to around an extra 280 per month. I am drawing from memory but the numbers are close. Just waiting till 65 would have added another 120. Now don't ask me how waiting one extra year should logically add that much more money. It is what it is. Also since you mentione (I think) doing things as a team with your wife. In my case ...if I should pass she will get my better payout. In lieu of hers. TIP TO ALL: If you are not yet collecting and even if you are. BE SURE to get a print out of you SS payout. And study it keeping in mind if you are getting by OK now...it might be better to wait and collect a bigger check. One may need it to cover the medical expenses and such ...yeah like hospice 😒...down the road. Overlooked fact TIP: Believe it or not there is a rule ….a 'I changed my mind' rule. And you can stop collecting. This allows your account to start accruing what they call 'credits' again. So even if you started at 62 and collected, and lets say you got some cash windfall you can live on for a few years say till 66. You could stop getting checks at 63...the account grows....and you will get a higher payout when you start collecting again at say 66 or 70. It's tricky but do-able. A definite face to face meeting I think. Again I am no SS expert...but this is a summary of what I have read and studied. Dollars and sense.... you may get a bigger payout BUT you're talking about getting 36 months of a lesser amount. This is a case of ones mileage may differ but it would take many more years of that 280 a month to equal the payout of the 36 months. Anyway, made more sense to me at the time and no regrets having done so. Good luck with it!
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Post by guido2 on Oct 20, 2018 16:41:16 GMT -5
Again I am no expert. You say that there made no worthwhile difference between waiting till 65. That maybe do to the fact that you stopped paying into the system at 54. And again assuming you looked at the SS payout tables based on age and your 'pay in' to that point. However in my case, by not taking SS at 62 and waiting till I was 66 (full vesting) I increased by return to around an extra 280 per month. I am drawing from memory but the numbers are close. Just waiting till 65 would have added another 120. Now don't ask me how waiting one extra year should logically add that much more money. It is what it is. Also since you mentione (I think) doing things as a team with your wife. In my case ...if I should pass she will get my better payout. In lieu of hers. TIP TO ALL: If you are not yet collecting and even if you are. BE SURE to get a print out of you SS payout. And study it keeping in mind if you are getting by OK now...it might be better to wait and collect a bigger check. One may need it to cover the medical expenses and such ...yeah like hospice 😒...down the road. Overlooked fact TIP: Believe it or not there is a rule ….a 'I changed my mind' rule. And you can stop collecting. This allows your account to start accruing what they call 'credits' again. So even if you started at 62 and collected, and lets say you got some cash windfall you can live on for a few years say till 66. You could stop getting checks at 63...the account grows....and you will get a higher payout when you start collecting again at say 66 or 70. It's tricky but do-able. A definite face to face meeting I think. Again I am no SS expert...but this is a summary of what I have read and studied. Dollars and sense.... you may get a bigger payout BUT you're talking about getting 36 months of a lesser amount. This is a case of ones mileage may differ but it would take many more years of that 280 a month to equal the payout of the 36 months. Anyway, made more sense to me at the time and no regrets having done so. Good luck with it! The gooberment like the casino's is the house and they have the 'edge'. If you know that you are going to die in 4 years waiting till 66 is stupid unless you are married and your spouse lives on. You could wait till 66 and in 6 years you got the 64/4 years back. If you live 20 you win the jackpot. Unfortunately or maybe fortunately humans don't come stamped with an expiration date. So you place your bets and watch the wheel. And now of course Trump and his minions are already starting to make noise it has leaked that the have started making plans of cutting SS, Medicare and Medicaid to cover the give away deficient to the uber-rich. If they hold Congress.
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Post by Deleted on Oct 20, 2018 16:45:35 GMT -5
Dollars and sense.... you may get a bigger payout BUT you're talking about getting 36 months of a lesser amount. This is a case of ones mileage may differ but it would take many more years of that 280 a month to equal the payout of the 36 months. Anyway, made more sense to me at the time and no regrets having done so. Good luck with it! The gooberment like the casino's is the house and they have the 'edge'. If you know that you are going to die in 4 years waiting till 66 is stupid unless you are married and your spouse lives on. You could wait till 66 and in 6 years you got the 64/4 years back. If you live 20 you win the jackpot. Unfortunately or maybe fortunately humans don't come stamped with an expiration date. So you place your bets and watch the wheel. Well since I already outlived that 6 year warranty and have another meager retirement that's a little more than SS I'm fine with it. Wife is 10 years my junior and wears a couple different hats, she still ENJOYS working out of the house. All good by me.
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Post by Deleted on Oct 20, 2018 16:51:14 GMT -5
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Post by guido2 on Oct 20, 2018 16:53:52 GMT -5
The gooberment like the casino's is the house and they have the 'edge'. If you know that you are going to die in 4 years waiting till 66 is stupid unless you are married and your spouse lives on. You could wait till 66 and in 6 years you got the 64/4 years back. If you live 20 you win the jackpot. Unfortunately or maybe fortunately humans don't come stamped with an expiration date. So you place your bets and watch the wheel. Well since I already outlived that 6 year warranty and have another meager retirement that's a little more than SS I'm fine with it. Wife is 10 years my junior and wears a couple different hats, she still ENJOYS working out of the house. All good by me. My wife is 4 years older than I and retired at 62. So she has been drawing for 8 years. Financially it helped us NOT dip into our retirement portfolio which allowed it to grow at a very nice rate by leaving the additional cash there if not for SS checks. So we are using the governments money to pay our day to day bills which allowed us to maintain a higher balance in our investments and at a much higher rate since we weren't touching the principle. Were we smart? Only time will tell till the wind changes direction again.
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Post by guido2 on Oct 20, 2018 17:00:30 GMT -5
I don't doubt if the political climate stays the same ...that is Trumpanese running amok it could be a problem. Yah know....maybe if the Federal Government actually PAID OFF IT'S DEBT DUE TO LOANS FROM SS...we might not even be having this discussion...…… Overview. The Trust Fund represents a legal obligation of the federal government to program beneficiaries. The government has borrowed nearly $2.8 trillion as of 2014 from the Trust Fund and used the money for other purposes.
en.wikipedia.org/wiki/Social_Security_Trust_Fund
To me that is misappropriation of funds. Why should those that worked hard for years and paid in to SS be penalized. Just so those that don't work are OK. Yes fine...take care of those in need....if the funds are there....don't balance your 'feel good' you got to understand theories and projects on the workers backs.
Or maybe we can just eliminate the 'other purposes' ….like feel good social programs; free lunch, SNAP. Section 8's and supplemental housing funds, after school programs, Medicaid and and and and. Just a thought.
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Post by rocketwolf on Oct 20, 2018 17:14:58 GMT -5
They told me you are to sign up for medicare, I did, then in the next 10 months I cost them almost 1/4 of a million $$$$$$$$$$$$$$. I would take any money I could get from the government considering all the rich people that get tons and tons of welfare and money from the government. Might as well go for it Darn right, they waste money all the time and Ill get every legal cent I can
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Post by guido2 on Oct 24, 2018 12:32:06 GMT -5
I would take any money I could get from the government considering all the rich people that get tons and tons of welfare and money from the government. Might as well go for it Darn right, they waste money all the time and Ill get every legal cent I can SS and such is almost like a poker game. The house has the favorable odds. You may or may not ...depending...win...or not. Everyone has to work their own financial strategy based on present needs and what one projects the future needs maybe. I and my wife gambled with her taking it early. I am gambling that holding off will work. If I die tomorrow....well...my wife has money for a 'boy toy'. 🤣
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Post by Deleted on Oct 24, 2018 15:00:04 GMT -5
You knew there was going to be trouble when Paul Ryan and Mitch McConnell started referring to SS and Medicare as "entitlements".
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Post by Deleted on Oct 24, 2018 18:18:48 GMT -5
You knew there was going to be trouble when Paul Ryan and Mitch McConnell started referring to SS and Medicare as "entitlements". Under current law what are they? Is not one that paid into it ENTITLED to x amount if they qualify???
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Post by Deleted on Oct 24, 2018 18:23:37 GMT -5
You knew there was going to be trouble when Paul Ryan and Mitch McConnell started referring to SS and Medicare as "entitlements". Under current law what are they? Is not one that paid into it ENTITLED to x amount if they qualify??? Then why do they also refer to welfare as an entitlement?
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Post by Deleted on Oct 24, 2018 18:54:47 GMT -5
Under current law what are they? Is not one that paid into it ENTITLED to x amount if they qualify??? Then why do they also refer to welfare as an entitlement? Apples and oranges but you knew that. Welfare is a GIFT often for parasites and NOT an entitlement.
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Post by Deleted on Oct 24, 2018 19:12:04 GMT -5
Then why do they also refer to welfare as an entitlement? Apples and oranges but you knew that. Welfare is a GIFT often for parasites and NOT an entitlement. Yes but Mitch McConnell and the Republicans in Congress call welfare, social security, medicare and medicaid all entitlements.
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Post by Deleted on Oct 24, 2018 19:14:09 GMT -5
Apples and oranges but you knew that. Welfare is a GIFT often for parasites and NOT an entitlement. Yes but Mitch McConnell and the Republicans in Congress call welfare, social security, medicare and medicaid all entitlements. I think they're pandering to the left which see them as a God given right that's hidden in the constitution.
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Post by Deleted on Oct 24, 2018 19:50:01 GMT -5
Yes but Mitch McConnell and the Republicans in Congress call welfare, social security, medicare and medicaid all entitlements. I think they're pandering to the left which see them as a God given right that's hidden in the constitution. Their pandering to the right who want to do away with welfare and are too stupid to realize that McConnell and friends have lumped social security and medicare in with welfare and medicaid.
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Post by guido2 on Oct 24, 2018 19:50:57 GMT -5
Under current law what are they? Is not one that paid into it ENTITLED to x amount if they qualify??? Then why do they also refer to welfare as an entitlement? DING DING DING DING.....bYNGO. YOu win the prize. Exactly. By definition an entitlement and by implied use. Entitle mean you have earned through some mechanism to reap some reward. You paid for something...to get something back....you signed a contract....of which you pay in to expect a return...is a TRUE entitlement. However... Entitlement as in you paid into SS or Medicare for an expected return. Has been bastardized by politicians to mean....'free stuff'.... as in Medicaid and SNAP. Another term that has been politically 'weaponized' .
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Post by Deleted on Oct 24, 2018 19:53:30 GMT -5
I think they're pandering to the left which see them as a God given right that's hidden in the constitution. Their pandering to the right who want to do away with welfare and are too stupid to realize that McConnell and friends have lumped social security and medicare in with welfare and medicaid. I'd keep the later 2 under certain conditions. NEED through no fault of their own, to the others.... they get Pelosi's crumbs and I don't mean 24.000 dollars either.
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Post by guido2 on Oct 25, 2018 12:10:29 GMT -5
I think they're pandering to the left which see them as a God given right that's hidden in the constitution. Their pandering to the right who want to do away with welfare and are too stupid to realize that McConnell and friends have lumped social security and medicare in with welfare and medicaid. No I think Trump....foghorn leghorn and all the other cronies that backed the tax cut for the rich are realizing ….that even with all their slight of hand and delaying tactics to 'hide' the deficit it is bringing is now failing. That people are saying 'excuse me what the blip is going on'? Anybody that has two braincells to rub together KNOWs pretty much at this point is that unless you are a 1%er....you mean shxt to them. All you are good for is your vote and paying your taxes and not expecting anything in return. Nov 6th can't happen fast enough for me.
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Post by pickle20 on Oct 25, 2018 15:52:54 GMT -5
I work for some clients that lobby on SS issues. I might have to pick ya'll's brains.
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Post by pickle20 on Oct 26, 2018 10:08:09 GMT -5
What do you think when politicians refer to SS and medicare as "entitlements"? Does it piss you off?
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Post by WKDWZD on Oct 26, 2018 10:23:08 GMT -5
What do you think when politicians refer to SS and medicare as "entitlements"? Does it piss you off?I don't see why it should ... if you pay into the pot over the years and then find yourself in need of assistance, you are entitled to help, or at least, should be. :?
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Post by guido2 on Oct 26, 2018 14:30:36 GMT -5
I work for some clients that lobby on SS issues. I might have to pick ya'll's brains. I would be more than happy to share my practical experience with it. And how what they 'tell' you and what 'it is' can be at polar opposites. Feel free. PM me if you wish.
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Post by guido2 on Oct 26, 2018 14:31:11 GMT -5
What do you think when politicians refer to SS and medicare as "entitlements"? Does it piss you off? Immensely!!!!!!
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Post by guido2 on Oct 26, 2018 14:39:29 GMT -5
What do you think when politicians refer to SS and medicare as "entitlements"? Does it piss you off?I don't see why it should ... if you pay into the pot over the years and then find yourself in need of assistance, you are entitled to help, or at least, should be. No offense intended here. People are forced at TAX gunpoint to pay into SS and Medicare. The theoretical end result is that you have a contract and paid into it and this is what you get back. NOW.....when politicians roll in to the term 'entitlement' to apply to people that get Medicaid, SNAP, etc.....all programs people DO NOT pay into but rather live on the largess of society. That ticks me off. They emphasis the 'free riders' under the same term to the point that it is blurred to most stupid voters in the US. And that is plain wrong. The LAW says freebees are allocated even to those that don't pay a dime (Medicaid etc). That's a right. The LAW forced us to 'sign a contract' for eventual reimbursement. That's a contract.
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Post by guido2 on Nov 3, 2018 10:11:12 GMT -5
You knew there was going to be trouble when Paul Ryan and Mitch McConnell started referring to SS and Medicare as "entitlements". Ohhh yes. Talk about a shot across the bow. My wife and I were wondering about their 'attitude' about SS and Medicare. My wife who rarely curses if at all ...said after we talked a bit regarding them... Simply stated my wife said. ....'What is their damn malfunction? Why do they have a bug up their ass about SS and Medicare....programs that PEOPLE PAY INTO and expect a return.' She continued ….my lib open minded wife.....' I mean I can see going after Medicaid...it is a total drain...nothing being contributed in to get stuff out...go after that!!!' My wife is very smart especially on practical things.
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