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Re: Share your fears about Social Security

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Message 111 of 320

They know that at your age you will have a problem changing jobs..  ie They;ve got you and they know it!!  Your employers are real A__Holes to do this to you..

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Re: Share your concerns about Social Security

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Message 112 of 320

Because our CONGRESS has created incentives that shipped most USA jobs away from USA there are many less workers paying into the Social Security fund so there is alot less money going in!!.

 

This fact is one of the main reasons SS may have problems in the future..  THE SOLUTION!!  CONGRESS must get off their ___________ and create incentives to bring manufacturing and other jobs back to the USA!!!!!

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Re: I am 62 and exhusband is 54

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Message 113 of 320

@lori65202 wrote:

I never see anything written about this dilemma.  I will be 63 in July and my exhusband will be 55 in June.  Because he is so much younger than me I guess this means I can't collect my 50% from him until I'm 75?  I want to wait until I am 70 to collect my own but don't know if that is possible since the job I have right now is very shakey.  If I was to lose my  job now there is no way I can collect now at 63.  I would have to do temporary work or something.  I would only get enough SS to make my $800/mo. house payment.  If I have to collect at 66 it is going to be very rough for me and I still can't collect anything from my ex.  I have very little savings and am unable to save now.  Is there any way out of this dilemma?  I do plan to file for SS when I am 66 and then suspend it....if I can and am not out of work.  Things look very dim for me and it doesn't seem right that I have to wait until I am 75 to collect from my ex (if his 50% is enough....he makes a lot more than I ever did).

 


It does NOT appear that the spousal benefit will be beneficial to you at all with your ex- being that much younger than you.  Eight years difference under the rules of Social Security, especially now when there are more scheduled changes to the full retirement age in the near future.

 

Starting with people born in 1955, the full retirement age will inch upward, rather than jumping right to 67. A person born in 1955 will have to be 66 and 2 months to be considered at full retirement age, while someone born in 1956 will have to be 66 and 4 months.

 

If I am calculating your ex-husband's birth year correctly, that gives him a 1960 birth year and if that is so . . . . his Full Retirement Age will be 67.    If he decides to retire early, as far as I know, that early date is still at 62, then the spousal benefit would also be reduced; in fact alot since the full retirement age is getting higher and the early retirement age is staying the same.

In this event, Social Security just keeps paying out a lower and lower percentage based on the date of early retirement compared to the full retirement age.

 

So your own benefit at full retirement age, or later to 70 if you desire, might be higher considering this . . . .

 

If you already know that your cannot make it on what you would be getting if you began benefits at your full retirement age of 66, then perhaps it might be time to begin looking at reducing your expenses.  Going into retirement with a mortgage is not the best of ideas since that is a very big expense -

 

As an aside, I am a proponent of the plan to report husband and wife's earnings on a shared 50/50 bases while working.  In this way, both would be credited with an equal share of Social Security earnings, whether or not they both work.

 

Since marriage is a partnership, it seems just and it would simplify many of these antiquated Social Security rules - this file and suspend rule / spousal benefits when the older is the low earner,  as well as that for any divorce that might happen down the road, no matter how many years the marriage last, each would have a 50/50 spit in the SS reported income during the years of the marriage and each would carry that through their lifetime adding more or none as life presents itself going forward.

 

Sorry couldn't help you with some Social Security revelation but it is what it is . . . . . .

 

 

 

 

 

 

 

 

 

* * * * It's Always Something . . . Roseanne Roseannadanna
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Re: Share your fears about Social Security

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Message 114 of 320

Of coure not, they are not going to tell me it's "because I am too old", they will come up with another excuse "Your job isn't as skilled as the others" which is a total lie, on many levels.

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Re: I am 62 and exhusband is 54

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Message 115 of 320

As usual NOTHING talks about the situation of your exhusband being eight years younger.  Can't anyone answer this question????

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Re: I am 62 and exhusband is 54

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Message 116 of 320

This site tells me nothiing about my situation.  I don't every see anything that tells me about my situation.  Please someone just answer my question.

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Re: I am 62 and exhusband is 54

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Message 117 of 320

Tapping Your Ex for Social Security Benefits… and Making ...

 

Here is link that explains all possible scenarios.


"...Why is everyone a victim? Take personal responsibility for your life..."
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Re: Share your fears about Social Security

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Message 118 of 320

@lori65202 wrote:

No one ever does anything about age discrimination.  I just found out a couple days ago at work that everyone was upgraded in their position ($2/hr. more) EXCEPT ME.  I am almost 63 years old and, even though I do the same work as the rest, they did not upgrade me.....


Post doesn't make sense. It one thing to not get a job in the first place because you have been discriminated against, and won't know it. But if you're telling the truth, then my understanding is that this is illegal and you have to call them on it. Are you telling us they told you that you're not getting a raise because you're too old??? 


"...Why is everyone a victim? Take personal responsibility for your life..."
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Re: Share your fears about Social Security

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Message 119 of 320

No one ever does anything about age discrimination.  I just found out a couple days ago at work that everyone was upgraded in their position ($2/hr. more) EXCEPT ME.  I am almost 63 years old and, even though I do the same work as the rest, they did not upgrade me.  I am so angry I can't see straight.  All I can do is look for another job but they well know it will be very difficult at my age.  I am working two jobs to barely get by and they are keeping me in my poverty.  $2 more an hour would make my life more bearable but I have to continue with this lower salary because of this discrimination against me.  And this is a state university.

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Re: I am 62 and exhusband is 54

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Message 120 of 320

Am I not getting any reply to this?????

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