I had 2 co workers insist they were going to wait until 65 before taking Social Security. They both died at age of 61 and never collected anything. A third co worker has been diagnosed with a terminal condition and chances are they won't live long enough to collect either. I retired at 62 and will be taking my Social Security later this year. I learned from others that tomorrow is promised.
@bhinbayoucity5691
Жыл бұрын
I thinknu mean tomorrow is NOT promised. Yes...take SS asap...
@paulweston9441
Жыл бұрын
I hope you have good affordable health insurance or you could end up like your friends.
@churchofpos2279
Жыл бұрын
@@paulweston9441 Unfortunately, I haven't had insurance in about 1.5 years. I don't qualify for assistance program and the ACA program wants 600 a month, which is about 1/2 of my paycheck.
@paulweston9441
Жыл бұрын
@@churchofpos2279 and that is why I think encouraging people to retire at 62 is irresponsible without detailed discussion about health coverage, especially involving people in their older years.
@kvapower3925
Жыл бұрын
@@churchofpos2279 U should consider working until 65 when you become medicare eligible. The variable "how long someone is going to live" is a mystery may be AI would solve one day. But until then, think +ve that you will live beyond 80. SSA has a billboard; SS program is not a retirement program. It is designed to provide a floor for most folks to stand on when finding a job becomes difficult. after 60 if one's health deteriorates with age. A professional colleague had a younger person pass away. It made him realize how important it is to spend more time with grand children so he gave a 1 year notice to his boss.
@dav6068
Жыл бұрын
Because of my parents, I have been around retired folks for about 20 years. Deciding whether to retire or not is not an easy decision. I've been hanging around people who " did it right" by buying their dream home on a golf course, ready to live their remaining days in style. But for some, the long hours on the golf course, the beach, the lake, or whatever gets old. Most people have an inner desire to feel useful to society and activities with no real sense of purpose start to wear some down. Loneliness and isolation and all the bad things associated with depression start to occur even for people who " have it all". A lot of them should have stayed working and connected in order to feel accomplishment and useful to a group of some sorts. I know 70 year olds who live in nice neighborhoods bagging groceries, working odd jobs because they need to get out of the house and feel useful. For some older people, their health goes downhill fairly quickly and they die after retiring. Right now, I plan to work at a job I love until I am 72ish and my SS payments will have almost double from age of 62. It's a little bit of a gamble I know, but for me, I will feel more fulfilled. Just food for thought.
@karenhardie1132
Жыл бұрын
No one is guaranteed tomorrow. Collect at 62 and enjoy retirement. You have no idea how long you have. Travel, visit friends and relatives, hobbies, grandkids. Don't work until they put you in the ground.
@jeanjasinczuk7543
Жыл бұрын
How do you travel with social security so low if taken at 62?
@joefran619
Жыл бұрын
Have debt, mostly vet bills don't buy crap
@karenhardie1132
Жыл бұрын
@jeanjasinczuk7543 True. You need savings, retirement, 401K, pension. Lots of folks don't have much saved. Getting out of debt is huge going into retirement. No mortgage, car loan, or credit cards.
@rcoll60743
Жыл бұрын
Totally agree, I am retiring in 2 months it's time to relax and live life,
@maryisabell8760
Жыл бұрын
Another reason to draw your SS at 62 , is they ‘may’ raise the early retirement age . U might not even have the ‘choice’ if U wait . Draw it while your in your best health and still a live .
@kathyann9643
Жыл бұрын
Everyone's situation is different. I lived on a part-time job and savings for a few years and started collecting at 64.5. If I had started collecting at 62 I would have had to work a part-time job for the rest of my life. I'm glad I waited. My view is, if I die I won't need money, but if I happen to live longer than expected I will be glad I waited a little bit. Everyone has to do what is right for them.
@DiogenesOfCa
Жыл бұрын
I am almost 60 with only 100k in my 401k, I might hold off a bit to save some more.
@dojocho1894
Жыл бұрын
for me waiting until im 66 will give me extra $300 a month than 62 Im in great health no meds
@jeffs3627
Жыл бұрын
@@dojocho1894 With COLAs it will be even more than an extra $300 a month.
@PegsFlamingoville
Жыл бұрын
Very sound logic. I guess this is why it takes a lot of thought to decide. Glad you made the right choice for you.
@faithrada
Жыл бұрын
An excellent point. Everyone's situation is different.
@nataliebernard1657
Жыл бұрын
We love you Tim! Keeping educating us, I'm only 48 but I'm preparing early for retirement.
@matt75hooper
Жыл бұрын
You must be a lifelong govt hack ?
@lothar52
Жыл бұрын
Same Natalie!! Same!! 👍🏻🙏🏻🙌🏻
@maryisabell8760
Жыл бұрын
@@FooFan-b3k : U have good points . But ‘fact’ remains - the early retirement age can change and U wouldn’t have a ‘choice’ any longer . Our government will most likely reform SS and hike the early age requirements and lower amounts paid out . They really don’t want us to collect at all , U know . No one should count on SS for their FULL retirement fund . But things come up in life - and than who can really trust our 401 K’s ? Having savings with ( no paper trail ) and your home paid off , is the most important . We built a full size apartment in our basement, while my husband was still working . It can serve as extra income , if needed , or a ‘Care Giver’ in exchange for free rent / utilities . People just need to think things out . Many people in our family died before they even got to retire . That is something to really think about . Uncollected SS just stays eith with the government . No one is promised a tomorrow . We have a nice life with minimal sacrifice
@abeltamez3838
Жыл бұрын
Keep saving and pay off your debts house, car and credit cards at 62 you will have a big advantage
@uncareid5557
Жыл бұрын
I got five minutes in and bailed out. Such horrible advice for most! My older brother took SS at 62. He is now almost 80 and collecting a pitiful fraction of what I'm getting, despite his far better earnings record. I waited until way past FRA to collect and am getting over $1500. more than I would have at 62. Sure I missed out on that little check every month for a few years, but during that time I was enjoying my job and paying off my mortgage and other debts. This guy's math is way off. Your benefit almost doubles at 70 vs 62. In fact with the bigger COLAs, it will more than double. Last year we my wife got a 8.7% increase in her benefit. What is more, 8.7% of $1700 or 8.7% of $3300?
@jeanjasinczuk7543
Жыл бұрын
@@patriciamoss3760 Unfortunately, it is even a worst advice for the people that do not have any other saving and will need to rely only on social security for the rest of there life.
@hirsch4real201
Жыл бұрын
So if I can get a full pension at age 55 from my state job, what makes more sense - collecting SS early at 62 or waiting until 70?
@bradmorris7115
Жыл бұрын
There has been a great deal of research to verify that delayed gratification is something we humans are notoriously bad at. This is why the vast majority of comments agree with Tim. There is no doubt, however, that many of these very same people will regret taking the smaller sum as they move into their 70s and 80s and that cool ‘side hustle’ to fill the gap is harder to pull off. Having said all that I find Tim to be an exceptionally captivating person in his videos. I don’t really agree with him but I really like him!
@hirsch4real201
Жыл бұрын
@@bradmorris7115 Understood. I guess it really depends on your own unique situation. There is no "one size fits all" approach on this issue.
@uncareid5557
Жыл бұрын
@@hirsch4real201 If you can wait, wait. Your benefit goes up about 8% every year you do. Try to do that with an annuity.
@jeffreyblanton9877
Жыл бұрын
The only problem with this plan is how long will you feel like working at Publix to supplement a low SS payment. $500 doesn’t sound like much but it’s a huge deal if you don’t have any other income. I have a couple of family members that did this and have regretted doing collecting early because they are both still working at 72 years old.
@RobertLinthicum
Жыл бұрын
All of this is frankly a gamble, a calculated bet. They did what they did because it was the best course of action at the time.
@ericlee2931
Жыл бұрын
Let's say a person takes SSI at 62, let's say that person would earn $1000 a month with just with SSI...The would be 12000 a year and in the next 5 years the total earned would be 60000 ... Now if that same person had 60000 in the bank at 62, doesn't it make sense to use 60000 in savings during the years between 62 and 67? At age 67 you could then apply for max SSI
@outdoorswithlaneandmammy2418
Жыл бұрын
That is the only worry! We don't know if our health will allow us to work even a part-time gig!
@johnurban7333
Жыл бұрын
I know people who collected at 62 and are living the life of working into their 70's
@RobertLinthicum
Жыл бұрын
Was this due to unexpected bills, health problems, etc.? We have all been there.
@jamesferrell336
Жыл бұрын
Hey Tim, I appreciate your videos. I will be 62 this year, and yes, I will be getting my SS. I started my side hustle ahead of time , working part-time at Lowe's. I actually enjoy it. My health care is through the VA, and they are awesome.
@dojocho1894
Жыл бұрын
Army Vet here...the VA isnt that awesome...I have a buddy going through the whole burn pit issue...they are making these guys jump through hoops.......its sad. He prob wont live to 50 and has two kids.....
@CardiacCat
Жыл бұрын
@@dojocho1894 I think it depends on the local branch. My brother has had multiple things done through the VA.
@sammencia7945
Жыл бұрын
Do you plan to work at age 82?
@ashliesatwick5977
Жыл бұрын
You put out some valuable content. A little off topic maybe, but there’s this woman I got in touch with during the lockdown which cost me my job. Ms. Olivia Gardner helped me manage my assets by introducing me to the best investing platform and strategies, I earned a lot of $$$ working with Gardner in the comfort of my home. I still keep in touch with the amazing lady
@ashleystevens4550
Жыл бұрын
Olivia gave me a wide option investing strategies, she introduced me to USD mutual funds in which I was able to earn interest with no anticipated downside risk. She made my April a remarkable month! Some people truly are God sent
@waynestackheim600
Жыл бұрын
I run a mini food business in Paris which has been affected by food inflation and I needed a side hustle that could help me boost my small business, so I could give my employees better wages, I got in contact with Ms. Gardner a month ago and my stories became testimonies… I wasn’t charged on my first investment with her. Yes, I received my first returns last week… I’m considering reinvesting
@vnnyCao
Жыл бұрын
Love and light from San Diego, I’m trying to create long-term wealth to set towards property one day. How can I reach out to her? She could be of great help
@ashliesatwick5977
Жыл бұрын
.In my personal opinion, I believe it's best you speak directly with Olivia, you know tellegramm?, you have to get it.
@ashliesatwick5977
Жыл бұрын
the handle
@tanyahouston5635
Жыл бұрын
I want my full SS which will be at 67 and my house payment is less than most people’s rent. When I retire I will not be working.
@angelmission
5 ай бұрын
If you are alive. That is pretty close to US longevity rate.
@Druseysduzies558
Жыл бұрын
I absolutely agree with you Tim. 62 is the way to go if you aren’t high maintenance. Heading that way myself. Life got in the way, caring for a parent but that situation is almost settled. 😊
@theoriginalkaro
Жыл бұрын
I started drawing my SSI at 62 but at that time you could wait several months and draw more with each month that passed. I started drawing mine 8 years ago and my birthday is in January. I waited until about August, and I draw about 75% of what I would have drawn at full retirement age. I have worked off and on and have only gone over once. They took some of my SSI for 3 months. I have no debts unless I choose to buy a new toy. I own my home and my nice car. I have a beautiful touring kayak, I hike, camp, do all my own yard work (by choice, for the exercise). I push mow my yard (12,500 steps). I stopped eating processed food a long time ago. I cook all my own food unless I end up out somewhere out with family or friends. I take no medications. I have Medicare and Humana Gold Plus (no cost) and if I need a prescription it is $0 copay. I am enjoying my family (including 2 beautiful grandchildren) and friends. I have free gym memberships but get my exercise outdoors whenever I can. I meet up with others who want to get outdoors or just go listen to local music. I can make extra money if I want to, but I don't really need it. What Tim says is right. Take your SS at 62! You paid into it all your life. It's your money!
@DorenesFoodPrepResource
Жыл бұрын
Yep, good advice. I retired 6 mos before my 62 bday. Things were getting too crazy with the rules of the pandemic and decided to end a 42+ career on a high note. Never looked back, plus it gave me an opportunity to start a small YT channel. Thanks for getting the message out to folks.
@DorenesFoodPrepResource
Жыл бұрын
@@prairiemark4084 Thank you🙂
@mzyvettecrenshaw9670
Жыл бұрын
"PEOPLE DON'T DO IT!!!" There are two sides of this story, he's only telling you one. Social Security doesn't work the same for everyone. I was "forced' to retire at 62 because of a disability. I've worked from 1974 to 2021. Social Security only went back to 1977 on my income to were I only get $761.00 a month, my rent is $650.00 a month, do the math. I only have $111.00 a month to live on. I still have utilities which I'm on a payment plan, can't use my central air, or my furnace to keep cost down. Because of my disability (Which I have a hearing coming up in August) I can't work in order to make extra money. Since my disability, I lost a car, I still have another one which is paid for, but I can't afford insurance, it's sitting in my backyard dry rotting. I was bringing home $3.650.00 a month after taxes when I was working, now I'm only getting $761.00. I've had to downsize tremendously. Early Social Security is not for everyone. Before you jump the gun, do your research. My lawyer feels I'll win my disability hearing, which I would get my full retirement, but by my calculations, it still won't be enough. I hope I'm wrong. P.S. I do get food stamps $129.00 a month, what a joke with the high prices of groceries, also I get free (Government assisted) "Medicaid" which only gives you the bare minimum of health care.
@TomokoAbe_
Жыл бұрын
If you can handle the health insurance premiums. I'm 63 and pay $640 a month for a single person (Obamacare). Do not forget the exorbitant costs of homeowner's, auto, and flood insurances, and the cost of property taxes. Those will bleed you dry, and kiss your savings bye bye. so it depends on your situation. If you choose not to have health insurance you are taking a BIG RISK. You can get a cancer diagnosis, and your medical bills will literally be around a million dollars with surgery, hospitalizations, chemotherapy and radiation. Working out and eating right is NO GUARANTEE you will stay healthy. We are slaves to our genetics and environment (it is ALL polluted full of carcinogens). Cancer treatment is so severe you won't even be able to do "side hustles".
@zodglubby
Жыл бұрын
Whether or not you get cancer, you will die at some point. Cancer Carr will not buy you much more time
@cathleenweston3541
Жыл бұрын
This is for people in good health . not advice for the SICK.
@Wbrundog
Жыл бұрын
Yeah I’m taking that SS at 62. No questions about it. Part time jobs are easy to find. I just don’t want to be obligated to go that slaving job every Monday.
@jeanjasinczuk7543
Жыл бұрын
Will you still be able to work part time after you reach age 70, age 75? For male who are still alive at age 60, the average life expectancy is 81. Working part time at age 81 or later?
@Wbrundog
Жыл бұрын
@@jeanjasinczuk7543 hope not. My investment portfolio will help by then
@katherinekeon7034
Жыл бұрын
I happily have my s.s. since 62. I'm happily leaving this evil hot place after 30 years :-) Glad to be 63. Living my best life ever.
@thekid1597
Жыл бұрын
Evil hot place? You must mean Texas😳
@marysmith9361
Жыл бұрын
I retired at 62 twenty-two years ago and never looked back. I lived on Cape Cod, Massachusetts and people would go to the beach to watch the sunsets with their wine in hand.
@geoffdevore6321
Жыл бұрын
That means your 84 now!! Have a nice day!!😊
@cumberlandquiltchic1
Жыл бұрын
My husband said there’s no way you can ever beat the social security by working longer. He was a very good lawyer, not just because he was my husband, he was! He took his at 62 and died at 70. He payed the maximum in always. He said there’s no way he could ever live king enough to get it all back. He was right! They stopped his check the day he died 10 years ago becausw I wasn’t old enough to collect. So, yeah… they win! I had a friend who floundered around about taking it and never did t like 67 or so. Finally he decided he would and I’m not sure he ever got his first check before he died. Little to zero is what he got by waiting….
@CardiacCat
Жыл бұрын
I'm sure that happens to a lot of people. My partner of 37 years passed away this month at 69 of a sudden cancer diagnosis. We had our retirement condo paid for, and have amassed 3 rental properties over the years. I'm 59 and we were waiting until I can retire in a couple of years to move down to the beach. It kinda haunts me to think about how he kept saying "just go ahead and retire and lets move to the beach". We could have done it, but I was waiting on that "magical age" they try to brainwash us into believing in.
@faithrada
Жыл бұрын
@CardiacCat Sorry for your loss. 🙏 My hubby watched his co-workers for years work till 65.. or longer.. and within a year they would be gone. He decided he didn't want to finish like that so retired at 55. He's now over 80. Best decision he ever made. Well, besides marrying me. 😉 We chose a somewhat frugal lifestyle but the beach time leisure was well worth it. You just can't buy extra time. One thing I've learned is... Let go of all regrets. We have fewer choices than we think we do. This life has been designed PERFECTLY for our soul's current needs. We've actually agreed to everything.. before we even got here. Learn to Trust your higher power... we are constantly being guided toward what we NEED, not necessarily what we want. ❤
@henryhill3778
Жыл бұрын
Tim's right on! I had a GREAT EASY Job at 60, but ANYONE working for someone else has STRESS !!! THen I got cancer... was told I had 2 yrs... That was 7 years ago... You don't know how much time you have!
@lizadivine3785
Жыл бұрын
Do not retire or collect SS until you own your own home and are 100 percent debt free. Have a minimum of $50,000 in the bank for emergencies. Then educate yourself about taxation in retirement.
@tl4633
6 ай бұрын
Most folks will die before they can do all that you are suggesting.
@johntrueconservative2547
Жыл бұрын
59 years old I worked for 40 years in heavy construction in NYC (Concrete finisher) Last year at age 58 I was awarded disability because of my need for double knee replacement surgeries Started collecting my SSDI at that time I get just about $3 grand a month from SSDI and another 1300 from my pension After taxes I take home just under 4 grand a month Being retired has been wonderful I love it The money is not great But it’s wonderful
@freedomwillring6749
Жыл бұрын
Happy for your successful SSDI claim. Just one question, will you be on SSDI your entire life, or can you collect it until you are 67 or 70 and then convert to regular retirement and collect more $?
@PegsFlamingoville
Жыл бұрын
Your disability pay will automatically flip over to your retirement fund once you hit full retirement age. It depends on the year you were born but for me it was age 66+4 months. So my income actually bumped up. Good luck with your new knees! I haven’t had to replace any parts yet, just added tri-focals. Don’t get a hearing test unless you want to be told you need hearing aids. It’s a racket! 😂
@PegsFlamingoville
Жыл бұрын
P. S. 4 K is a wonderful amount to retire on! On average that is. Mine is only $1850 but very low expenses.
@johntrueconservative2547
Жыл бұрын
@@freedomwillring6749 As far as I understand My payments will stay the same unless there is in a increase on a federal level
@johntrueconservative2547
Жыл бұрын
@@PegsFlamingoville Yeah I’m not complaining But the problem is I live out on Long Island and it’s just so expensive out here Plus I still hold a mortgage on my home and my property taxes are almost 12 grand a year
@rivaridge7211
Жыл бұрын
I took my Social Security at 62 and never regretted it (I will be 67 in a couple of months). I had no debts and live a pretty simple life (I also collect a State pension). I do enjoy travel every now and then, and even have a few bucks left over to enjoy a couple of afternoons per week with friends, at the local race track. Life is what we make of it!
@ken85225
Жыл бұрын
rivaridge------- so true....life is what you make of it. I retired early at 62. Actually, I lost my job at age 58 so had to do some side gigs to hold me off to 62. I was totally fed up with working....no desire to work for anybody again....I was eagerly awaiting age 62. Best thing that ever happened to me.
@DionysusAlS
Жыл бұрын
Yeah, I'm in the same situation. I'll actually get $900 more a month if I wait until 67, but I'd miss out on $2100 a month between 62 and 67 if I wait. It would take me about 10 years to get caught up on that $138,000 I'd leave on the table. So I'm for sure getting it at 62.
@rivaridge7211
Жыл бұрын
@@DionysusAlS DioysusAIS: Yes, I can fully understand why you would not want to lose that amount of money by waiting until age 67 to retire. It sounds as though you will be well set to bow out (from the work force) at age 62. Cheers and best wishes!
@DionysusAlS
Жыл бұрын
@@rivaridge7211, thanks. I actually was able to retire at 55 after 30 years of work. I was very fortunate. Take care.
@steveg7527
Жыл бұрын
I was on the fence and weighing the pros and cons. I'm with you, I'll be putting in for SS at 62. I'll make any pin money I need by walking dogs. Thanks Tim.
@SilverSergeant
Жыл бұрын
I agree 100%. Make use of that SS while you are still young!!!!
@virginiahilman7786
Жыл бұрын
i am a widow and a nurse i have been collecting my ss since i was 62. i’m 66 i go over my income threshold and i do have to pay back a few grand annually but i work per diem and make my own schedule. i love your outlook. God Bless
@ohcaptainvideo
Жыл бұрын
Doesn't sound like Tim is married, you guys would make a good couple. Both good looking people that stay in shape. 😉
@jimfarmer7811
Жыл бұрын
I retired at 62 but I waited until FRA to collect my SS. The simple reason is because SS is an inflation adjusted annuity. If inflation stays low it doesn't make a lot of difference when you collect SS. But if inflation really takes off you will happy to have the extra 20%.
@russlatham3271
Жыл бұрын
I did the math and it makes complete sense to me. Thanks for bringing this to my attention!
@nicole-uo9cd
Жыл бұрын
I am 2 yrs and 30 days away from my 62nd birthday and I can hardly wait to retire. Had my first job at 14 and have worked fairly steadily my entire adult life. I want to work because I want to...not because I have to.
@greenmile7666
Жыл бұрын
Thanks for being straight forward
@janee9533
Жыл бұрын
Hey Tim I'm living in Vermont now and never thought about how much I can work? I've been working part time since 2007 and have collected since I was 62. No one has ever mentioned what my income limits are with working plus SS, maybe I don't make enough to make a difference. I too can't live just on SS and have worked two different jobs, now I'm a Caregiver and love it plus I can work pretty much what I want. I have downsized and live in a newer beautiful apartment and own my car. My newest thing is saying to myself is "do I really need this?" I'm doing pretty well and not buying extra stuff, Ive learned a lot working in homes of elderly who have 8 sets of sheets and 5 each of baking pans when they don't bake. Thanks for keeping it real!
@kvapower3925
Жыл бұрын
There is no limit on how much u can earn post filing SS at 62 or later. They keep deducted SS contributions from your earned income. So hypo you work PT say 5 years past filing, they would increase your monthly SS to reflect the new contribution you made. There is upper limit how much social security you can get, since entire earnings is not taxed for SS. Current number is upto 147K PAS would be taxed for SS.
@ronloftis9080
Жыл бұрын
@@kvapower3925 There is no income limit once you reach your full retirement age. Between age 62 and the year before your full retirement age, the income limit is $21,240. Then they will deduct $1 from your benefit payment for every $2 you earn above the annual limit. In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit, but we only count earnings before the month you reach your full retirement age. If you will reach full retirement age in 2023, the limit on your earnings for the months before full retirement age is $56,520. faq.ssa.gov/en-US/Topic/article/KA-01921
@futurekron
Жыл бұрын
I'm glad you're reinforcing this message and I've heard it from people who are retired now too. I'm two and a half years away from 62 and plan to take my money if it's still there! I've worked over the last 10 years to create a side hustle, pay off my house and car, and set myself up so that I can continue to work while also collecting. I'm friends with a couple that are in their eighties and they do the same thing I do for work and they are healthy and alert and extremely happy. The good thing is what I do is extremely fun challenging and addictive.
@PegsFlamingoville
Жыл бұрын
Good! I was told by a close friend years ago that the income you produce now just before retirement will greatly effect the size of your payments at full retirement age.
@280zone
Жыл бұрын
@@PegsFlamingoville Not quite that true. Social Security is calculated on your highest 35 years of earnings. Please don't go by word of mouth, these details are easy to look up.
@TheGoldenAgeofHardRock
Жыл бұрын
@@280zone True, you want to have income in everyone of those 35 years, because those zero years will bring down your payment.
@futurekron
Жыл бұрын
@@PegsFlamingoville actually I think they take the average of your five best years. I made a lot more money when I was younger than I do now, pre-retirement.
@futurekron
Жыл бұрын
@@dyates6380 Great info. It's a shame that we're programmed to think that we shouldn't be getting any more out of a government program, than we put in, while we cheer on trillion dollar banking & corporate bailouts. And yes, Americans LITERALLY cheered on the 2008 bailouts, during the election season when all the politicians raced back to Washington to vote it in. "Too big to fail" was the propoganda at the time, and we (I didn't) ate it.
@davidpacheco795
Жыл бұрын
I retired at 59. Fuck it I don't want to work anymore period! Been working since I was 10.
@geoffreymiller5422
Жыл бұрын
You nailed it. Life is meant to be lived, not be a slave to the system. Your outlook is pragmatic and refreshing!
@davidgress6535
Жыл бұрын
That's his lifestyle and it works for him. However for some of us retirement is a different plan.. my mom, grandfather and grandmother all lived into their nineties so money lasting that long is a concern. So I have decided to retire around 64 to 65 because when I do give up the time clock I do not want to ever work at any job even as pleasant as Publix seems with no side hassle . Just want to spend most of my time volunteering in my church doing things that Jesus says is important like feeding the hungry, visiting the sick etc. Just working for Jesus Once a year for one month I also plan to rent a cabin in a state park for a month and just live like a local the entire month . That's all I need. Nothing really splashy. Peace.
@Lasvegas9802
Жыл бұрын
Hi and new here. So glad I found your channel! I’m 54 and will set myself up to be ready when 62 comes around. Thanks again soo much!!!
@ed5308
Жыл бұрын
Good points Tim. My brother-in law retired at 62 and started to collect his social security. He knows contractors in the area. They pay him cash per day for running equipment. I do not think he is forthcoming with this information to Uncle Sam so he is not worried about crossing that $ 21,000 barrier you mentioned. If you can get cash its the best side hustle.
@kvapower3925
Жыл бұрын
After FRA, there is no limit on earned income. This and medicare (65) is primary reason most folks wait until FRA. FRA changes per DOB.
@christopherbilkey5237
Жыл бұрын
I am glad I waited until 70. I don't care if I break-even. It is great to sleep well at night knowing that I and my wife will not have to scrimp for the rest of our lives.
@travelingfrogman
Жыл бұрын
You are a good person Tim! I just started SS 62 this year, I collect a good military pension as well. Yup, carry absolutely no debt. Now I travel the world over🔱🐸 Remember you are not guaranteed Tommorrw
@DorenesFoodPrepResource
Жыл бұрын
Good for you! I have no pension but paid off all debt including house. Invested in food and such and am absolutely enjoying my retirement for the past 2 years. I left the workforce 6 months before 62, because I could. If you are smart stewards with your money, it's amazing what you can accomplish.
@travelingfrogman
Жыл бұрын
@@DorenesFoodPrepResource Totally agree, being debt free is the way to go. I bought my San Diego home way back in mid 1980's (Paid off years ago). Thank you very much for comment🐸🔱
@karl28560
Жыл бұрын
And they told me not to join the Marines in 1984.... I'm bowing out at 62 in 4 years, plus disability pension, plus SS, plus willing to deliver pizzas on Tues, Weds, Thurs, to give me something to do but guarantee no weekends or Monday holidays! It's all planned out. Just 52 more months!
@DorenesFoodPrepResource
Жыл бұрын
@@travelingfrogman Just went to your channel, love it!
@hirsch4real201
Жыл бұрын
@@AnnMitt Meaning collecting a pension makes it easier to start collecting SS at 62 as opposed to full retirement age at 67?
@Mtn54
Жыл бұрын
Most people work to 65 for the health insurance.
@oceanlover3530
Жыл бұрын
I believe he said he said he gets his health insurance through the, Affordable Care Act, which is mostly subsidized by the government due to his low income. Maybe I’m misunderstanding him? ✌🏻
@scrappiron6307
Жыл бұрын
That was my question is ins I'm 62 My ins is mostly paid by my employer It's 866 a month and my part is 150
@beingright
Жыл бұрын
I would feel like I was back in HS working for $13/hr and scrambling for $ asking ppl to buy me coffee. My salary job is much easier than that. Good for him though. He has no family to support, little savings, lives in a small trailer and yet has a great attitude. We all need a positive attitude like Tim regardless of circumstances.
@andrewquinn6634
Жыл бұрын
I have another medical procedure to go through before I can retire.
@azshoppingprincess4298
Жыл бұрын
You’re so blessed to have your health. Enjoy life we only get one😁🥰
@adrianlopez2215
Жыл бұрын
Respect to everyone that's retired and still works to stay active healthy and happy thank you Tim
@iMattBlack
Жыл бұрын
Glad I'm finding this at 41 years old and not 70
@4040smokey
Жыл бұрын
You youngsters are so lucky to have all this info at your finger tips. My strategy would have been a lot different if I had this info back in the day.
@thekid1597
Жыл бұрын
😅
@thezambranos2973
Жыл бұрын
Mr. Tim you are the man!!! I am 59 and work for the school district with a decent retirement plan. I should be able to retire at 62 and so excited to do it! A lot of my co workers say I will be bored at home but I am doer with lots of hobbies and still very active. When I retire at 62 I plan to do 2 school trips a week preferably sports trips just a little more income to help. You have inspired me to look forward to that day because life is truly to short! Keep on exercising Tim as I’m still working out doing my boxing exercise just to stay in shape. Be safe and carry on the good word to all the soon be retired!!!
@Harry-s2g
Жыл бұрын
Tim, great you are enjoying life. I took SS at 62 and at first regretted it but that is beginning to change by listening to people like you. I am now working on starting my own pressure washing business. Just found your videos and enjoy the encouragement.
@KevinInPhoenix
Жыл бұрын
It is estimated that if the Social Security system "runs out of money" in 2033 that the payment rates could drop 25%. Could you survive if the benefit you took at 62 dropped 25%? The 30% increase in benefits from 62 to your full retirement age (FRA) would still see you better off, in the event of a 25% reduction, than those who chose to take benefits earlier. In my case waiting until 70 will increase my benefits by 55.5% over taking it at 62. Knocking 25% off of 55.5% would still put me way ahead of those who claimed at 62 or at FRA.
@lincmerc1581
Жыл бұрын
I retired on my 52nd birthday with a full pension. I plan on collecting at 62. I get insurance through my employer until 63. I will take the money I am paying for insurance and apply it toward my supplemental.
@bw5277
Жыл бұрын
Great video Tim! I left my job right before the pandemic shut down started at 64. I've traveled a bit, but more importantly, started to exercise regularly and eat much better and dropped a good amount if weight. I have a part time job now, work about 12-15 hours a week. It's a good balance for me. Thanks!
@william-fla-321
Жыл бұрын
Congratulations on improving your health.
@MrGus4440
Жыл бұрын
I started getting my ducks in a row about four years before I retired at 63. I have a pension and savings I’m living on now. My FRA is at 66&8 months. I will be able to live off my pension and SS then and not need to withdraw more savings. and I will still have savings left. I don’t need to work.
@josefj1776
Жыл бұрын
Here is something you need to take into account before you take it at 62. 1. Typically at this age you were making more money than you ever did in the last 30 years. Every lower income year you remove changes your Social Security calculation. 2. Typically it’s not early on in your retirement. You need a higher Social Security income. It’s when you’re older and cannot work that you need it. 3. The median life expectancy at the age of 62 is 81-84. That can be mini years on a reduced Social Security, and not being able to work. You see “live now” is the same excuse people use in the younger years to not save for retirement. Whether you take Social Security at 62 or at 67 all depends on your financial circumstances. And from what I have seen, it is far worse to be older, unable to work, and barely able to survive on your Social Security.
@akc783
Жыл бұрын
@@davewatson6641I agree. He’s taking a big risk. Personally, I am not interested in trading in work stress for financial stress.
@401KDexters
Жыл бұрын
Discovered your channel recently. You add to the "new retirement" community, Tim. Keep up the great work. Show us some of your Fla golf courses! Keep crushing it!
@kalenreichert
Жыл бұрын
Thank you for another inspiring video! I’m only 49 but my parents are in their upper 70s and I want to work part-time and eventually retire as early as possible so I can spend more time with them while we can. Every day is a gift from God and I don’t want to waste it for a few extra dollars. In four years, I’d love to be able to reduce my work hours to 4 days (32 hours). That’s the short-term goal. One extra day off each week would be really nice. ❤
@alkelenson648
Жыл бұрын
I agree- time with the folks was something I cherished while I could! Good luck!
@kalenreichert
Жыл бұрын
@@alkelenson648 Thank you! My Mom just said yesterday, “I would love to have you live next door to me.” ❤️
@suen5006
Жыл бұрын
Wow Tim, you're lucky you never had a major health problem. It's good you have insurance now. Out of the blue my husband had a bowel blockage, major surgery, and spent 3 weeks in the hospital. This can happen to anyone so I would never suggest to anyone that they go without health insurance. Love your suggestions to look for little ways to help people, I do that too. A smile and holding a door open for someone costs nothing and makes people feel good. Thanks for your video and keep up the great work!
@tommiedshow9211
Жыл бұрын
Tim I’m 59 I been telling folks to take the money at 62.Your video confirms what I been saying.This 59 came so fast I don’t have another 59.People enjoy life! I have never subscribed to a channel so you will be my first good content 👏👏👏👏👏
@annaazzopardi4625
Жыл бұрын
Hi Tim, I just recently found you on KZitem and subscribed. I am enjoying your channel. Thanks for the great info. I have my appointment this week with Social Security. I retired last month. My bosses gave me 4 weeks severance. Very thankful. I am your age and wish I would have taken SS at 62. I turn 65 in January and will be getting an advantage plan. I appreciate the side hustle tips too.
@SarasotaTim
Жыл бұрын
Excellent my friend thank you for finding my channel and good luck on your retirement get out there and crush it!😎
@PegsFlamingoville
Жыл бұрын
I’m 66 and finally got into an Advantage plan this year, love it! With United Health i don’t have co-pays and they gave me a card (essentially a debit card) they load with $205 per month for otc and healthy food choices. I finally tested the food thing last month, got salmon spinach avocados all covered. So far I’ve mostly used it ordering health supplies online. I’m not sure but limited where i can purchase so I’ve only used at Walmart. Oh! And i can use it towards utility bills 😮 I should try that next month. Here’s the down side, the $205 monthly doesn’t roll over. 😢 Look into and compare, grab yourself a pile of free premiums like we used to get. 🦩
@alisatjaden3906
Жыл бұрын
@@PegsFlamingoville Wow thanks for the United Health tip! Does your advantage plan cost you monthly? I have Aetna, it's free but no debit card thingy
@PegsFlamingoville
Жыл бұрын
@@alisatjaden3906 isn’t costing me a dime.
@PegsFlamingoville
Жыл бұрын
@@alisatjaden3906 I’d go online and request info from them. They also cover eye and dental, dental up to 4k. Then they assigned me a “Navigator” she was a doll on the phone last week and will be calling me back this week to confirm some benefits she offered. One is a gym membership but i need a pool right now so she said to try to line it up and she’d see if they can cover the expense if i need to go to a hotel with pool for now. She’s also suggested a home health aid due to a current issue. I’m very happy with them. Don’t restrict yourself though, look into a bunch of them. A traveling nurse came by last week for an annual exam and she had a lot of information that i can use.
@eddiegutierrez3524
Жыл бұрын
Great videos and extremely informative. Thank you sooo much.
@mur6822
Жыл бұрын
My daddy, who would be 101 tomorrow, told me that Social Security was to SUPPLEMENT what you did for yourself. He worked for the railroad, great retirement plan, but dreaded everyday he said. He worked there because it put a roof over our heads (wife and 4 children) and food on the table. He retired at 60, on his first day of eligibility and did what he wanted to do...got a private pilot's license. A few years later he bought a wrecked plane and rebuilt it while caring for my mother who had cancer. After she died, he went to work for the aircraft recovery and repair company and was on his way to work when he dropped dead at 85 and 2 months. I took his words to heart, 24+ years in the military (active and reserve) earning a reserve retirement (couldn't draw until age 60). Worked for the government for 21 years, put money into thrift saving (401) and retired at 60.5, 3.5 years after I was eligible. I started drawing at 62 because it was the supplement to what I did for myself. Now I travel about 6 months of the year in my RV...doing what I want. Sure, I could have waited until full retirement at 66.5 but you never know what will happen to you, my mom was 63 and never drew a dollar of her SS even though she could have at 60 because they didn't need the money.
@d.w.132
Жыл бұрын
I agree with Tim 100% we where fortunate enough to retire at age 56. And just started getting SS check a few months ago now that we are 62. And we do not regret it at all. We are not promised tomorrow, every day is a gift😀 enjoy
@RyanHedlund99
Жыл бұрын
I’m only 43, but liking your videos. Subscribed.
@AmelioTube
Жыл бұрын
My job ended a few weeks ago and I've been taking this time to get in some overdue recreation & projects but mainly to consider what comes next. I turned 62 a few months back and never gave SS a thought at all...until youtube suggested one of your videos. Now I'm very intrigued and your experience has me curious to look into this more (with a newfound sense of urgency). Thx from a brand-new subscriber!
@julioruata2213
Жыл бұрын
The taxation of Social Security began in 1984 following passage of a set of Amendments in 1983, which were signed into law by President Reagan in April 1983. These amendments passed the Congress in 1983 on an overwhelmingly bi-partisan vote. The greed of politicians for money that doesn’t belong to them.
@deniseyweesy
Жыл бұрын
The taxation threshold has not changed with inflation and it has remained the same since 1993. In 1993 44,000 per couple stretched a lot further than 44k per couple today. Neither party wants to change this either. Ridiculous
@marcfontana1454
Жыл бұрын
Your 'advice' recommending collecting SS at 62 isn't what's best for everyone. I retired early and have been fortunate to be able to support myself without collecting my SS retirement benefit. If you need it, it makes sense to start taking it, but if you're looking ahead and want to maximize your benefit overall, then it makes sense to wait, especially if your existing income will support you now and you expect to live beyond 80 years old which is generally when the higher benefits breaks even with taking it early. I'm 67 and don't need my social security check to survive today and I'm OK with waiting until 70 to maximize my benefit. Speaking of Math, the difference between my benefit at 62 and 66 (my FRA) is +45% and the difference between the benefit at my FRA (66) and waiting until I'm 70 is +44% according to the numbers on my SS statement. So, is that increase in benefit worth waiting? - I think so. If I die sooner and I don't get to collect the higher benefit , then I don't care cause I won't need it and the money can go to fund someone else's retirement.
@ericlee2931
Жыл бұрын
For the sake of simple math, let's say a person takes SSI at 62, let's say that person would earn $1000 a month with just with SSI...The would be 12000 a year and in the next 5 years the total earned would be 60000 ... Now if that same person had 60000 in the bank at 62, ...doesn't it make sense to delay collecting SSI, quit work and use the 60000 in savings during the years between 62 and 67? At age 67 you could then apply for max SSI. Assuming you do not want to wait till 70... And say I did this exactly as stated here, and I reach age 67... If I have health and energy I could return to work and earn money with no penalties from SSI. Am I looking at things correctly?
@rebeccabamford5505
Жыл бұрын
I work in healthcare. I take care care of mentally challenged adults. Some of these individuals are very aggressive. They will beat you up. I’m 64 and fear every day I’m going to get hurt at work. This channel is great. It’s a lot to think about
@misterbones5962
Жыл бұрын
Soon to be 61 recovering from hip surgery, a lot of good information. Definitely will be retiring at 62. Can’t wait to enjoy life.
@wingandhog
Жыл бұрын
Your channel is growing as fast as Azul's - Good stuff. I subscribed
@itsnotme07
Жыл бұрын
Watched a few of your videos over the last few weeks and I like what I'm hearing. Good topics, straight talk about it in a cool forum. Plus who doesn't like seeing cool beaches of the Sarasota/Boynton Beach area. Only spent a couple days there...so I don't know much. Anyways, subscribed....and we'll see if I keep enjoying (Probably). The point I like best is about "How much is your time worth vs how much you may have left?" I've heard lots of financial advisors talk the cash side...rarely does one mention the health/healthcare and coverage side. Both are important. I have a few years to plan things out before that 62 decision comes up. I really enjoy my job currently....so I may continue then, but who knows? Last year at this time I was just finishing up in-patient rehab for a broken leg at the end of May. Still working out the walking kinks a year later....but that's the point, something changes and so does what's important.
@theicangram
Жыл бұрын
My gosh I needed to hear this!!! I will be 59 in December, and I am barely hanging on!! Surely I can make it 3.5 years. :)
@splitzgymnastics2009
Жыл бұрын
Tim! Man, your subs are up by at least 1,000 in the last 6 hours! Incredible! Good for you! No one else like you on KZitem! Common sense and straight talk is refreshing to hear! Keep it up you will have a million followers before long!
@jimbutler6645
Жыл бұрын
Tim, I stumbled across this video today and saw you for the very first time. I loved it. I am 59 1/2 now, so 62 is approaching very fast. Good stuff my new friend!
@patrickruvolo8427
Жыл бұрын
Every case is different! I can’t imagine living on 3 k a month.
@vincecarnevale4406
Жыл бұрын
Had a co worker that was drawig a pension from a previous job and was holding off till 66 to get full social security at 66, co wor,ers stopped to pick him up one morning he passed away in his sleep at 641/2 same age as me,changed my perspective on holding off for a few more dollars a month,i retired within 6 months not worth the stress in your senior years.
@judee00
Жыл бұрын
Great advice Tim. I plan on a 62 year old retirement. Got 21 years to go. I plan on pulling 50k a year out between Roths and SS. I enjoy hunting and fishing to much to work till the 70 year old government guidelines for my age group. My time is worth far more than working any day of the weak!!
@user-ik2gb1qx9h
Жыл бұрын
Thanks for the encouragement Tim! 56 @ NYC…
@hrhdenise
Жыл бұрын
Thank you for your "WHO IS SARASOTA TIM" video. Viewers like to know the background history/stories of the creator of the channels we subscribe to. LOL, I had to laugh because I could relate. I got married at 18 (dumb) and was a mom at 20. Of course, I divorced my husband after 10 awful years. At my age now 58 - it's my time to do things I missed out on in my younger years. Like you, my time is more valuable than making lots of $$$ Greetings🌴 from Wimauma, FL (Denise and Hussein). Keep your viewers updated on your life and say "HI" to Miss Tammy and tell her not to be shy.
@lucy14981
Жыл бұрын
I retired at 62 and had to pay for my health insurance for 3 years. It was $1,000 a month. I didn't qualify for govt. subsidized. But, not complaining. I have a good pension plus SS.❤❤
@floridaprepsteader6728
Жыл бұрын
Hello Tim, I'm 65 and I retired at 62 and never looked back. The wife and I do what we want when we want. I had affordable care act insurance till I turned 65. Now on medicare, I have Ultimate insurance (Advantage plan). Holy cow, the coverage I have is unbelievable. By the way I start working next week doing what you do in Walmart. Have a great day my friend.
@kurtneumann3164
Жыл бұрын
Pulling the 📌 in September. Was 62 past April. Working since 10 yrs old. Nice video and info! Wisconsin cheese 🧀 head!
@Ootgreet1
Жыл бұрын
My biggest concern in starting social security at age 62 was insolvency of the Social Security system. It only added to the reasons to start drawing it.
@jeffs3627
Жыл бұрын
If SS goes insolvent it won't matter what age you started collecting.
@MrSean03839
Жыл бұрын
80% of SS is self funded by workers+business taxes. It could never become insolvent unless no one has a job anymore.
@dh6984
Жыл бұрын
you're one of the few mentioning this. It's my #1 reason. Everyone thinks without question it will always be here...like the sun rising each day.
@dh6984
Жыл бұрын
@@jeffs3627 Any money you've collected prior to SS going away would be to your benefit. Get something now or possibly nothing later.
@dh6984
Жыл бұрын
@@MrSean03839 it could go away with the stroke of a pen. "insolvency" is just semantics. It can go away entirely, benefits greatly reduced, or retirement age increased.
@robinshepard4571
Жыл бұрын
You're absolutely right 🏖️ ☀️ 🇺🇸 Appreciate the update 🇺🇸☀️🏖️🎉💪💫
@Sunnyfl2840
Жыл бұрын
I retired at 62 and I work part time making $17 per hour only working 3 days a week to supplement my SS. I’m enjoying my 4 days off. I can’t afford the “affordable care act” so I’m praying I make it to 65 when I can get Medicare and a supplement.
@joefran619
Жыл бұрын
you will,
@oceanlover3530
Жыл бұрын
Tim said he gets he gets his health insurance via the, Affordable Care Act, and due to his low income does not have to pay much for it. Is he misinforming his subscribers or are your circumstances different then Tim’s? ✌🏻✌🏻
@BlainsTube
Жыл бұрын
@sunny If you don't have any coverage, you might look into Health Share Plans. They may be a good fit for you, if you're not covered now. The ones I looked at were far cheaper than my "affordable care" options. I retired at 61, my wife qualifies for insurance at her job, so we went that route.
@churchofpos2279
Жыл бұрын
@@oceanlover3530 in my case "affordable" would mean a 600 month under the ACA. That is half my paycheck, as my employer doesn't provide insurance.
@lifewithjackandnicole
Жыл бұрын
Health Share plans are a great option. We used them a few times over the years and never had any major issues. Just do the research, there are a number of plans out there.
@billballoo7881
Жыл бұрын
Agree on retiring at 62, only drawback is medicare doesnt kick in until 65
@ken85225
Жыл бұрын
Well said Tim Your #1 asset in your own personal life is YOUR TIME......for people that work for a company(as an example) they are trading their Time for an hourly wage. Some people, not all people, start to realize that their TIME is really limited on this Earth and it's really valuable, and they decide to "retire at 62" . And they can do a part time side gig to live the way they want to.
@tammyc606
Жыл бұрын
You sound like a wonderful soul ❤ I wish you many blessings
@stevenw4549
Жыл бұрын
Had I followed your advice and filed when I was 62, I would be screwed now. I got hit with medical issues later about the time I did file at full retirement age and had to retire. Had I done it at 62 my income would have been way less than now. So I don't think you should file early unless you know your health won't be an issue later and that you will be able to keep working long enough later to come out ahead. The problem is you never know what will come. I had no clue what was coming, and you may not either. At the very least, you should have a complete medical exam before filing early. Bookkeepers are not the best place to get advice about your life. Things can look good on paper, but you know how that goes. Things can and do go wrong. Back when I was 62, I'd seen this advice about filing at 62 but for some reason I chose not to. It was a good thing I didn't.
@SarasotaTim
Жыл бұрын
Very glad it worked out for you and that you’re happy with your decision. 😎
@edhettwer7920
Жыл бұрын
@Sarasota Tim Wow Tim. He rebuked you, and you took it well. You must be a Christian. I like that you took the high road. I go low road too often. I'm impressed. Thanks for trying to help civilization.
@sue9252
Жыл бұрын
@@edhettwer7920 Yes …He had an opinion and Tim respectfully acknowledged it. Sometimes other channels ask for your input and when you answer with something they don’t agreed with people jump in and crush them. 😊
@stevenw4549
Жыл бұрын
@@sue9252 Thank you. I just wanted to make people aware of the other side of the coin and that there is that risk. Was not attacking anyone.
@stevenw4549
Жыл бұрын
@@davewatson6641 Thanks Dave. I had a son named Dave.
@jimlupo8188
Жыл бұрын
Sarasota Tim I just watch your video on Social Security at 62. It’s the first video of yours I’ve watched and I thoroughly enjoyed it and agreed with you. I was born in 1956 and I started taking mine at 62. My birthday is also on 29 December, just want to let you know how much I enjoyed the video and I look forward to looking at some more. Thanks
@Weirdandwackytwins
Жыл бұрын
Tim I agree but another reason would be if your wife is 5 years younger and never worked then I believe waiting till 65 would be wise to increase your benefit and hers after you die
@mayrablanco2013
Жыл бұрын
I just discovered your channel and it's giving me a push to retire. I am collecting social security and working full time at 68 and tired. I have to stop next year. My hubby is younger than me and turning 63 next month. I'll talk to him about starting to collect now. Lots of great info! Love your side hustle.
@FinancialFiguresandFacts
Жыл бұрын
Thanks Tim
@rigoalcala3527
Жыл бұрын
HI Tim! I own a 21 4Runner and love it! that's how I found you. I'll be 62 soon and now convinced 63 is my yr. I want to start my small Photography studio mostly for fun and something I have been waiting to do forever. Thanks for your inside knowledge and advice, keep doing what you enjoy, life is short. we the people need to get back to basics.
@PegsFlamingoville
Жыл бұрын
Why wait another year? Make the phone call today and you’ll get a deposit on the first month you’ll be eligible.
@medray3981
Жыл бұрын
My SS is $2000 at 62, and It'll raise to $3000 at 67. 67 yo is too old. I can't wait. Most of my buddies have died anyway. Only one is still kicking.
@usa91787
Жыл бұрын
You are exactly correct. I'm filing for Socialist Security so I can start collecting Jan. 1 2024. (I turn 62 in December) Every finacial seminar you go to they tell you time is the most valuable commodity you have. Well, the older I get the less time I have which makes time more and more valuable. In 15 years I may not be able to do the things I do now. Besides that after losing 2 male realtives at 69 and 70 respectively in the last 2 years why wait? And it think the average male life expectancy in the U.S. right now is 78. I'll work part time and make the limit working 20 maybe 25 hours a week plus my Socialist Security and I'll he doing just fine.
@dieselsoggydog6299
Жыл бұрын
I retired 7 1/2 years ago at 55. Started last year taking SS at 62. I have been using share care for health insurance. Started back 7 1/2 years ago at $100 a month with a $1000 deductible, now it's at $157 a month with a $2500 deductible. A guy that I worked with retired at 62 and bought the insurance from work at $850 a month, he told me that payment about broke him until he got on medicare. So I you are health, retire and use share care. All you really need is something for a catastrophic event.
@FloridaForForever
Жыл бұрын
#526 thumbs up =) ....I just turned 65 last April (Taurus baby!) and I started SS when I turned 62...Left a bad husband early 2021, moved in with my son for just over a year at his request, applied for disability SSI, was approved right away, applied for HUD housing, was approved right away and moved to Jacksonville FL, then 7 months later and sending many letters to Palm beach housing, telling them I am alone and want to be near my son, due to my health, Lupus and 5 spine surgeries...I was transferred to Section 8 housing in West Palm beach, paying 30% of my income...Now rebuilding my life, and buying what I have to have...and downsizing what I do not NEED....except my sewing things, because I sew near everyday, teddy bears and dolls and clothing for the emergency services here police, ambulance and CPS to give to traumatized children, usually under age 10...I love being able to give back =) So I agree with you, collect that SS at age 62, and you can still work...With SSI I am allowed to work some, through a work program, at my own pace =) So no matter what your circumstance is, if you are low income at age 62, collect that SS, and life a Grander life! No need to reply, I know you are busy too🙂🙂🙂
@chrisharrison2552
Жыл бұрын
I have free good health ins plus my wives ins Had a heart attack ( well 9 flat lines) at 54. The bill was $80k fully paid As doc said when I was discharging “ Welcome back to planet Earth”. And I ran a 1416 5k in college. Family heart disease
@kathyandersen8243
Жыл бұрын
Good morning tim,very good advice to collect social security at 62.need to live life.🐈⬛🌈🌻🌻☀️
@shellycoffman9624
Жыл бұрын
We just moved from Boca lived there 5 years & loved it! Our rent went up like $500 a month we had the best landlord but she had to up her rent due to everything going up. We are now back in Oklahoma but Boca area is forever in my heart.
@chewy6942
Жыл бұрын
I wish I could collect at 50.
@markwhittaker6866
Жыл бұрын
😂😂😂😂 I'm sure millions will agree with you.
@adamraper6993
Жыл бұрын
I wish I could collect at 40.
@KayFabe87
Жыл бұрын
Only government workers get to do that at the expense of the taxpayers.
@larentaestamuyalta6132
Жыл бұрын
We supposed too , but….
@supercoolyguy
Жыл бұрын
@@KayFabe87 Com'on Man 🤡
@91210paige
Жыл бұрын
New to your channel. I loved getting up before sunrise when on vacation in Myrtle Beach SC and watching the sunrise from the beach or balcony and then going back to sleep till nature woke you. It's a great way to wake up
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