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OK Corgi Rancher

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okcBob

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Full retirement age is 65-67 depending on your age. The break even point (taking it at 62 vs 65-67) is approx 81 yrs.
So, (financial needs being equal) if you have comorbidities or/& are in poor health it’s prudent to take the money early, & if you are in good health it might be prudent to wait as you will get more $ in the long run. Health, lifestyle, & Financial needs all play a role when deciding when to claim SS.
 

John6185

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I heard on TV that Biden is suggesting or has presented in a bill tht social Security be reduced 24%. That is going to adversely impact those dependent upon only on a Social Security check monthly as their only source of income. (This was on youtube with Yellen and a Rep from California -Casiday). There was no mention of cutting money to illegals, welfare or other expenditures which was expected.

Joe Biden receives Social Security. Here's how much. - USA TODAY

Biden's 2024 budget doesn't include plan to shore up Social ...

Treasury Sec. Yellen Testifies on Pres. Biden's 2024 Budget ...

 

Waltercat

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I haven't read all of this but what's killing me is inflation. It's more like 18%. Or more.
A trip to WM is $175 or more. Before Biden it was $125. Taco Beuno was 6 and now 10.
Trappers was 12 now 17. I think they are skewing the numbers to hide the real inflation rate.
 

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