Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-14-2015, 12:43 PM   #21
Thinks s/he gets paid by the post
 
Join Date: Apr 2011
Posts: 1,553
Quote:
Originally Posted by Midpack View Post
Despite their spin, I was very surprised to see AARP supporting the end of file & suspend. I was even more surprised at the tiny % of file & suspenders they cite - I assume most here were planning on it. If the % they report are true, it will do little to help SS solvency.
I don't know what you know about AARP's viewpoints, but I'm not surprised at all at their support based on what I think I know about them (Disclosure: I put up with many years of mailings from them to not be a member.). And you're right, these changes are not supposed to have much affect on SS solvency, just a minor +.
__________________

__________________
gerntz 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 11-14-2015, 01:10 PM   #22
Thinks s/he gets paid by the post
Bikerdude's Avatar
 
Join Date: Jul 2006
Posts: 1,901
Seems to be a prudent choice when you're broke.
__________________

__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
Bikerdude is offline   Reply With Quote
Old 11-14-2015, 01:46 PM   #23
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 1,495
In case you haven't seen it, here's an excellent summary of the current leading proposals for eliminating the SS shortfall (as of 2014) from Boston College Center for Retirement Research (I take these proposals more seriously than those of any "candidate"):

http://crr.bc.edu/wp-content/uploads...9.4.14_WEB.pdf
__________________
Options is offline   Reply With Quote
Old 11-14-2015, 02:50 PM   #24
Recycles dryer sheets
 
Join Date: Apr 2014
Location: Twin Cities
Posts: 50
Quote:
Originally Posted by Options View Post
In case you haven't seen it, here's an excellent summary of the current leading proposals for eliminating the SS shortfall (as of 2014) from Boston College Center for Retirement Research (I take these proposals more seriously than those of any "candidate"):

http://crr.bc.edu/wp-content/uploads...9.4.14_WEB.pdf
Nary a mention of SS disability in that article. The only way to keep SSI solvent in the long term would be to fund it separately from SSDI.

John
__________________
manerac is offline   Reply With Quote
Old 11-14-2015, 03:45 PM   #25
Recycles dryer sheets
 
Join Date: Dec 2013
Posts: 366
Quote:
Originally Posted by manerac View Post
Nary a mention of SS disability in that article. The only way to keep SSI solvent in the long term would be to fund it separately from SSDI.

John
+1

Some background from SSA site: Disability Policy & History by Edward Berkowitz
https://www.ssa.gov/history/edberkdib.html


________________________________
How come you never hear about welfare running out of funds?
__________________
springnr is offline   Reply With Quote
Old 11-14-2015, 07:50 PM   #26
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 1,495
SSDI is its own animal, much like Medicare, which is why discussions are separate. SS "reform" alone is a big enough issue without compounding it with discussions of SSDI or Medicare. Ultimately, they'll be treated separately, and probably as they get closer to their own crises dates (whatever that turns out to be).
__________________
Options is offline   Reply With Quote
Old 11-14-2015, 08:03 PM   #27
Recycles dryer sheets
Tandemlovers's Avatar
 
Join Date: Aug 2006
Posts: 151
Quote:
Originally Posted by Options View Post
In case you haven't seen it, here's an excellent summary of the current leading proposals for eliminating the SS shortfall (as of 2014) from Boston College Center for Retirement Research (I take these proposals more seriously than those of any "candidate"):



http://crr.bc.edu/wp-content/uploads...9.4.14_WEB.pdf

Very good explanation of what we are facing. Thanks for the link.
__________________
Tandemlovers is offline   Reply With Quote
Old 11-14-2015, 08:54 PM   #28
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Eagan, MN
Posts: 3,043
I am surprised that no one has ever mentioned raising the maximum age you can collect without getting an increase.

If you could delay collecting SS for as long as you wanted, even past 80, and get an 8% raise for each year you delay. It would be revenue neutral, but many people would be betting their life in collecting longer.

Or they might keep saving SS to fund a nursing home/LTC if they needed it. Or saving money for their spousal death benefits.

it would not cost a dime and might save a bit more.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is offline   Reply With Quote
Old 11-14-2015, 09:37 PM   #29
Thinks s/he gets paid by the post
 
Join Date: Nov 2011
Posts: 2,357
Quote:
Originally Posted by Senator View Post
I am surprised that no one has ever mentioned raising the maximum age you can collect without getting an increase.
I think it's because the (vast?) majority of people start benefits as soon as they can. Few people wait until age 70 now, and even fewer would wait until 80.

Since the FRA has been increased once already the slippery-slope effect makes it an easy target for another increase. When SS benefits began during the 1940s the average duration of payments was just 4 years. Returning to a 4-year average now would be a huge change, but a 10-year average might be palatable. That would put FRA around age 72 or so.
__________________
GrayHare is offline   Reply With Quote
Old 11-14-2015, 09:54 PM   #30
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: 16,407
Quote:
Originally Posted by LARS View Post
......Notwithstanding we would have most likely F&S (can't now miss age cutoff) seems a small price to pay and it does/did have that "loophole" feeling about it.
+1. IIRC it will cost us about $20k so most likely it just means that DD and DS will get $10k less each in the end.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 11-15-2015, 05:32 PM   #31
Thinks s/he gets paid by the post
 
Join Date: Oct 2006
Posts: 3,812
Quote:
Originally Posted by manerac View Post
Nary a mention of SS disability in that article. The only way to keep SSI solvent in the long term would be to fund it separately from SSDI.

John
Just so we don't get lost in the acronyms, the federal government has a program called Supplemental Security Income which is a means-tested program for old or disabled people. It's funding is completely separate from the Social Security program we normally talk about, but it is administered by the Social Security Administration.

So they usually use "SSI" to refer to Supplemental Security Income.
__________________
Independent is offline   Reply With Quote
Old 11-15-2015, 05:35 PM   #32
Thinks s/he gets paid by the post
 
Join Date: Oct 2006
Posts: 3,812
Quote:
Originally Posted by Options View Post
In case you haven't seen it, here's an excellent summary of the current leading proposals for eliminating the SS shortfall (as of 2014) from Boston College Center for Retirement Research (I take these proposals more seriously than those of any "candidate"):

http://crr.bc.edu/wp-content/uploads...9.4.14_WEB.pdf
For the real techies, the numbers for the proposals probably come from this page https://ssa.gov/OACT/solvency/provisions_tr2008/

It has lots of options.
__________________

__________________
Independent 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
At the gym--are you social or anti-social? hakuna matata Health and Early Retirement 47 03-28-2011 01:41 PM
Social Security "do over' rule changes hogwild FIRE and Money 1 01-13-2011 04:16 PM
Status of Social Security Changes TromboneAl FIRE and Money 22 09-11-2005 04:08 PM
Social Security lauraf13 FIRE and Money 17 06-12-2003 07:58 PM

 

 
All times are GMT -6. The time now is 02:55 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.