Poll: Individual SS Payment for ER.ORG Members - Please Read First Post for Details

[harley]

Didn't vote, since we don't meet the reuirements.

DW claimed this year at FRA, gets $1918/month.

I'm waiting to age 70 (2 1/2 year to go). If I claimed today I'd get $3282. If I wait to 70 I'll get $3995 in todays dollars.

 

[N02L84ER]

Did not vote because not yet collecting. If I started collecting now I would get a little less than $1400/mo.

 

[pb4uski]

My Aug 2023 SS Statement indicates that I would receive $4,488 if I defer to age 70, which I plan to do so I voted over $4,000.

DW was a SAHM and started at her FRA based on her own work record. She is collecting $1,030/mo now but will get 50% of my PIA, plus COLA once I start collecting.

 

[Lawrencewendall]

Just stumbled across screenshots I did in 2021.

 

[Dtail]

Considering receiving mine anywhere from 66 y.o. to 70 y.o.
Range from 3.3k to 4.4k.

 

[Sue J]

Does that mean he doesn't qualify for medicare as well ?

No, he always paid into Medicare. He worked for a county social service agency. They didn’t participate in Social Security because they had a pension system instead. Participation in Medicare has been required since late 1970s or early 1980s.

Even if he hadn’t paid into Medicare he could qualify as my spouse.

But that’s a good question!

 

[Franklin]

mine will be $4620 at 70 and DW will be $1786 at FRA in 2026

 

[aaronc879]

I am not old enough to collect so I didn't vote but the SS website estimates I will get $1008/mo at age 62.

 

[martyp]

I claimed at 62. That was 5 years ago. My benefit now is $2,395. I declined Medicare Part B because I am living in Thailand and can’t use Medicare overseas.

 

[Dreamer]

My social security is $115.60 per month due to WEP. It is held all year for Medicare premiums and I also have to send them a check for the balance owed. I will not receive any of my spouse's social security due to GPO.

 

[racy]

Took mine at 70 last October:

$4177.50
-$527.50 Part B and IRMAA
-$77.50 Part D and IRMAA
-$428.70 Withholding 12% tax
----------
$3143.80

 

[jdmorton]

Started collecting SS last year at my full retirement age. This year my gross monthly SS amount is $3,418.90 and the net is $3,254.00.

As jebmke posted, what have we learned?

 

[audreyh1]

Neither of us have claimed SS yet.

Same here

 

[TheWizard]

Started collecting SS last year at my full retirement age. This year my gross monthly SS amount is $3,418.90 and the net is $3,254.00.

As jebmke posted, what have we learned?

Well, we've learned that at least 75 forum members are receiving SS to some degree...

 

[jollystomper]

Not taking SS yet. DW started at age 62.5, currently getting $619/month.

I have less than a year until reaching FRA (Yay!). if I start then, from the last SS report generated, I would get $3,660/month. Waiting until age 70 (which I currently plan to do to maximize survivor benefits) would be $4,637/month. Of course, this does not include COL increases for 2024 and beyond.

 

[ShokWaveRider]

I do not know about anyone else here, but I think $3,500 a month SS which so far 10 folks here are getting is not shabby at all. Even those getting $2,000 - $3,000 which seems to be the majority here at ER.ORG is a healthy addition to one's own stash withdrawals. Of course, I am very happy for those who get over $3,500 and $4,000 as I know you all have worked hard and paid into to SS for longer that some and are now reaping the benefits.

I am not sure I can feel the same for those on the lower side who cannot supplement SS with their own stash withdrawals or a pension. I consider this group quite lucky all in all. Not saying that each and every last one of us has not worked and saved very hard to have earned it.

 

[lucky penny]

Claimed at 70 & get the maximum: $54,738, $4,561/mo.

I hesitated to post since few people have posted a similar amount. But wanted to say that I'm very glad I waited.

And very lucky!

 

[MichaelB]

DW and I both receive less than $1k. Most of my 40 quarters were earned during high school and college, so I paid in very little. No complaints, though, as what really matters to me is Medicare eligibility.

 

[harley]

Of course, I am very happy for those who get over $3,500 and $4,000 as I know you all have worked hard and paid into to SS for longer that some and are now reaping the benefits.

I was just thinking before I read this that I could have had more SS had I worked in the last 16 years since FIRE. But then quickly decided that I wouldn't even consider trading the time for the money. My health is shot now, and hadI worked longer I'd be feeling really ripped off. But I have had a long, happy retirement, and a few hundred dollars/month would never make up for that potential loss.

 

[copyright1997reloaded]

I didn't vote as I am still w*rking and not quite at FRA, so I am not collecting. (I likely won't collect for awhile as I try to do some Roth conversions.)

If I started collecting today, my handy dandy spreadsheet tells me I would receive about $3300/month (gross).

One of these days I will get around to the "RE" (well, now RL - retire late as I am coming up on 66) part of FIRE.

 

[cyber888]

Not claiming yet. But SS online and Anypia calculator said I will get around $2,400+ at 62 years old (that's 2.3 years from now), while older DW who is full retirement age will get $1,700 based on my SS.

 

[Northforker]

I get $2480/month, filed at 62 in January 2023.
DW will wait until 70 to file to maximize her payment.

Current plan anyway.

 

[big-papa]

Me: 62 and DW: 63
Both holding off till 70 so can't vote
My benefits will be very close to max
Hers will be ~60% of max

Cheers.

 

[Tom52]

My SS is $4,300.00 before deductions, I claimed at 70. Wife's SS is $2,093.00 before deductions, she started collecting at 64.5.

 

[ShokWaveRider]

My DW said a funny thing to me today, I was vacillating about buying something. She said: Quote "Don't worry about it, it is ONLY less than half of your SS payment". LOL I though that was funny.