eta2020
Thinks s/he gets paid by the post
- Joined
- Sep 13, 2013
- Messages
- 1,248
I see posting of people who will claim SS at 62 because they are worried about loss of benefits due to changes.
Personally I have very much doubt that we have anything to worry about.
I am pretty sure that if I had 5 Million dollars in investable assets I could easily either spend it or transfer it my kids by the time I am 70. That means I could claim maximum benefit at 70 and pass any means test .
So if I belong to upper 130,000 households (investable assets over 5 million) I will be able to avoid this. Is to worth to have means testing to eliminate SS for maybe 60,000 people? That will be peanuts to save SS program.
IMO if you are high earner you are best off if you FIRE between 50-55 since your benefit boost of SS if you work from 50 - 67 is about 13%. (but that is different discussion)
Personally I have very much doubt that we have anything to worry about.
I am pretty sure that if I had 5 Million dollars in investable assets I could easily either spend it or transfer it my kids by the time I am 70. That means I could claim maximum benefit at 70 and pass any means test .
So if I belong to upper 130,000 households (investable assets over 5 million) I will be able to avoid this. Is to worth to have means testing to eliminate SS for maybe 60,000 people? That will be peanuts to save SS program.
IMO if you are high earner you are best off if you FIRE between 50-55 since your benefit boost of SS if you work from 50 - 67 is about 13%. (but that is different discussion)
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