Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 01-10-2019, 03:57 PM   #161
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 21,667
Quote:
Originally Posted by bada bing View Post
Changing the meaning of words cuts both ways. Social Security has a rather heavy dose of redistribution built into the benefits payout. It is no where near a bought-n-paid for entitlement for all participants. Some folks (high earners and/or log careers) are taxed much heavier relative to benefits they are "entitled to", to pay out greater than market benefits to others (low earners - short careers - spousal benefits).

Is Social Security pure "welfare" ? Of course not, you have to pay in something to qualify. Is it a 100% earned entitlement for all participants ? Of course not, there is a pretty good dose of "welfare" designed into the program. A lot of the people who climb up on soap boxes about "earning" their benefits, in fact, did not "earn" all of their benefits. .....
I view this aspect of SS as having an element of "success insurance"... as an example, if we looked at my peers with the same degree from my alma mater... in theory we all had similar career opportunities... some graduates did very well and others less so and the tilt of SS essentially pays higher benefits than earned to tose who were less financially successful and lower benefits than earned to those who were more financially successful. I'm ok with that as whether I knew it or not it was part of the deal from the get go.
__________________

__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-28-2019, 09:24 AM   #162
Recycles dryer sheets
 
Join Date: Mar 2012
Posts: 147
What bear market?
__________________

__________________
From 2013, $170k -> $227k -> $244k -> $226k -> $312k -> $426k -> $462k
YoungSaver is offline   Reply With Quote
Old 01-28-2019, 09:31 AM   #163
Thinks s/he gets paid by the post
 
Join Date: Aug 2013
Location: North
Posts: 1,971
Quote:
Originally Posted by pb4uski View Post
I view this aspect of SS as having an element of "success insurance"... as an example, if we looked at my peers with the same degree from my alma mater... in theory we all had similar career opportunities... some graduates did very well and others less so and the tilt of SS essentially pays higher benefits than earned to tose who were less financially successful and lower benefits than earned to those who were more financially successful. I'm ok with that as whether I knew it or not it was part of the deal from the get go.
Had you known it as part of the deal, perhaps you would have succumb to 'mediocrity' syndrome.
__________________
AA (Stock/Bond/Cash ): 96.5/0/3.5% MIX (Small/Mid/Large): 25/25/50% BLEND(US/Foreign): 100/0%, REIT (Real Estate Equity): ~50% of Assets

FIRE in 2031 @ 50yrs old (+/- 2yrs) w/ a hypothetical $2.5mil portfolio, 3 appreciated homes worth $1.0mil and rental income to fund my gap years until RMD. Assets will go to an inherited IRA where I plan on watching the investments grow until I die or the trust gets executed.
kgtest is offline   Reply With Quote
Old 01-28-2019, 09:46 AM   #164
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 21,667
I doubt it.... I'm still better off.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is offline   Reply With Quote
Old 01-28-2019, 12:40 PM   #165
Full time employment: Posting here.
 
Join Date: Aug 2014
Location: Phoenix
Posts: 683
Quote:
Originally Posted by YoungSaver View Post
What bear market?
The one we're currently in. We slipped into it late last year and have not come out of it yet. Right now we may be in a bear market rally but the indices are still well below the highs set last year.
Ian S is offline   Reply With Quote
Old 01-28-2019, 02:38 PM   #166
gone traveling
 
Join Date: Dec 2018
Posts: 656
Quote:
Originally Posted by Ian S View Post
The one we're currently in. We slipped into it late last year and have not come out of it yet. Right now we may be in a bear market rally but the indices are still well below the highs set last year.
If the investor is in it for the long term and buys regularly instead of on the dip and tries to time the market, bear markets that the media and analysts likes to play up can make investors nervous and or run for the hills. Some like me started with nothing, kept the buy and hold discipline over the long term, bear markets are just a bump in the road for some...
Nick12 is offline   Reply With Quote
Old 01-28-2019, 03:21 PM   #167
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 7,738
Quote:
Originally Posted by Nick12 View Post
If the investor is in it for the long term and buys regularly instead of on the dip and tries to time the market, bear markets that the media and analysts likes to play up can make investors nervous and or run for the hills. Some like me started with nothing, kept the buy and hold discipline over the long term, bear markets are just a bump in the road for some...
Maybe the thread drifted, but the original question wasn't about buying stock on a dip, but rather to start taking SS to avoid selling stock at a relative low. It's a small form of market timing, for a decision (when to take SS) that is otherwise basically neutral for the average person. If the decision otherwise looks like a coin toss to you, why not use a bit of market timing?
__________________

RunningBum is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How did you finish when you hit FI earlier than planned? DawgMan FIRE and Money 28 01-23-2018 06:25 PM
Retire earlier by taking a pay cut? 123GO Hi, I am... 10 10-05-2013 07:21 PM
Yeah! ER nearly 2 years earlier than planned! Retire2013 Other topics 35 02-27-2013 09:09 PM
Anyone have any stories about ERing earlier than you had planned? glen12 Life after FIRE 39 08-12-2012 01:34 PM
Earlier than I'd planned! piano13 Hi, I am... 15 06-10-2008 07:08 AM

» Quick Links

 
All times are GMT -6. The time now is 09:39 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.