Mental Health Support

Jirel

(2,260 posts)

9. This is a myth. You maximize nothing by waiting.

Fri Jul 14, 2023, 03:31 PM

Jul 2023

Social Security lawyer here, with mathematical facts -

Did you ever wonder how your monthly retirement amount is calculated when you’re in the zone to claim it between 62 and 70 1/2? Social Security has an actuarial table for how long people are likely to live. The TOTAL spent in your benefits, between the day you start taking them and that actuarial “expiration date” is identical.

That men’s the only way you get a better deal, i.e. win, is to LIVE LONGER than your “expiration date.”

How do you live longer? By worrying less, getting better food and medical care, not wearing yourself out, having funds for fixing problems with home or car, and so on. That means that it pays to take your retirement whenever you are ready, not as late as possible. If you are better off, you can bank the excess funds, grow them through various investments, and have a nest egg on hand for various later needs.

Telling people to wait, as some “financial advisors” do, is terrible advice.

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Social Security told me to fuck off.... again... [View all] OldBaldy1701E Jul 2023 OP

Please have a free consultation with a SSDI lawyer XanaDUer2 Jul 2023 #1

I am on my second. OldBaldy1701E Jul 2023 #25

Social security is based on your and employer's contributions. GreenWave Jul 2023 #2

It appears that the OP is seeking to be classified for disability. TexasTowelie Jul 2023 #4

Yes, it does. OldBaldy1701E Jul 2023 #26

This is a myth. You maximize nothing by waiting. Jirel Jul 2023 #9

Exception to the "rule" here. GreenWave Jul 2023 #11

I assume you are applying for SS disability Farmer-Rick Jul 2023 #3

My first attempt was in a red state. OldBaldy1701E Jul 2023 #24

Well, the states are now in deny mode, even if you are in a blue state. Farmer-Rick Jul 2023 #28

TN was the red state I was living in at the time. (n/t) OldBaldy1701E Jul 2023 #32

I know, TN has a 40% approval rate of initial application Farmer-Rick Jul 2023 #33

SS has nothing to do with your credit rating.... as a previous poster mentioned walkingman Jul 2023 #5

I have not worked in ten years. OldBaldy1701E Jul 2023 #14

Are you presently drawing SS? walkingman Jul 2023 #16

Negative. I receive nothing from anyone. OldBaldy1701E Jul 2023 #18

I am aware of that. OldBaldy1701E Jul 2023 #27

My U.S. senator broke through the red tape and obtained disability designation for my daughter. Grasswire2 Jul 2023 #6

I wish I had such connections, but I am less than a blip on any politician's radar. OldBaldy1701E Jul 2023 #17

You walk into any congressional local office and ask for constituent services. 3Hotdogs Jul 2023 #19

no, no, don't think that way. Grasswire2 Jul 2023 #22

Youtube will educate you on Beachnutt Jul 2023 #7

It's not clear what benefits you are being denied Fiendish Thingy Jul 2023 #8

It was for Disability. OldBaldy1701E Jul 2023 #15

Here are some of the issues - walkingman Jul 2023 #20

Okay. OldBaldy1701E Jul 2023 #21

This message was self-deleted by its author Farmer-Rick Jul 2023 #29

Sorry... Let me clarify... OldBaldy1701E Jul 2023 #10

I am sorry to hear about that. GreenWave Jul 2023 #12

No apology necessary. I was vague due to blinding rage. OldBaldy1701E Jul 2023 #13

If you trust your 2nd lawyer, appeal Farmer-Rick Jul 2023 #30

Great advice XanaDUer2 Jul 2023 #31

I'm totally screwed that way too. hunter Jul 2023 #23

Please slow down kozar Jul 2023 #34

So, here is why I am so upset about this. OldBaldy1701E Jul 2023 #35

An Update... of sorts... OldBaldy1701E Jul 2023 #36