Sharing a Retirement Resource; and What are Your Thoughts About the Future of Retirement?

United States
June 11, 2024 8:27pm CST
Granted, I'm certainly not a financial advisor.. However, I would like to share with you this article ~ Social Security and Early Retirement at Age 55: Rules to Know - NerdWallet If you check out the article, you will find a cool calculating tool for estimating your Social Security benefits, for the future. Let us know what you think about the future of retirement; and if you have yours figured-out, yet.
https://www.nerdwallet.com/article/investing/social-security/social-security-early-retirement-age-55
7 people like this
5 responses
@porwest (89044)
• United States
12 Jun
The advice I would give anyone is to forget about Social Security. Focus on savings and investment, and then you can not only retire when you want to, but when you can receive Social Security, it's a bonus. Not all you've got to rely on.
3 people like this
@Mike197602 (15506)
• United Kingdom
12 Jun
If you had $1000 and wanted to make the most from it in the fastest way how would you do it?...in a legal way but also including high risk things except for crypto currencies
2 people like this
@Mike197602 (15506)
• United Kingdom
15 Jun
@porwest A safe way is to put money in bonds etc. I've done that and it works. I put 20k in kaupthing edge bonds out of iceland and they went bust but santander bought them and I got all my money back. ISA's are safe I can do that. What I wondered was if you have any ideas about how to make money fast? Let's say you had $1000 how would you use it to make more in the fastest way? not crypto.
2 people like this
@porwest (89044)
• United States
13 Jun
@Mike197602 Is there a such thing as a "fast way?" lol. Sure, some people get lucky. But luck is rarely ever at the source of success and riches. It takes hard work. It takes commitment. It takes knowledge. Most importantly it takes time. There are faster and better ways. But faster and better only happens when you know what you are doing and have a plan to do it. People go to great lengths throughout their lives learning about how to do things or make sure things work when they need them. For whatever reason, when it comes to money, they ignore that one and then wonder why their money doesn't work for them... Or why they have to wait until they are crippled and in their advanced years to retire not only broke, but without the ability to actually enjoy it. lol
2 people like this
@kaylachan (68238)
• Daytona Beach, Florida
12 Jun
I won't recieve retirment because I'm already on disability. I also don't make enough to have to file taxes. I filed for my husband, and I'm thankful we did it when we did. He'd been retired ten months when he had his stroke. He quit his job right before he retired. So, we're good. Well, I made him work until he finally said, he could walk away and not care.
3 people like this
@rebelann (112727)
• El Paso, Texas
12 Jun
I'm glad that your generation knows more about SS than mine did, had I had the benefit of a computer back in the 1970s and 1980s I might have learned to have more money taken out of a paycheck for SS.
1 person likes this
• Cloverdale, Indiana
22 Aug
Same here, I didn't get internet till WAY late in life like in the 2010.
1 person likes this
@rebelann (112727)
• El Paso, Texas
22 Aug
I got my first computer in 2000
1 person likes this
• Cloverdale, Indiana
23 Aug
@rebelann so you got yours almost as late as I did.
1 person likes this
@LadyDuck (470441)
• Switzerland
12 Jun
We have a different system here and we can only retire when we reach the age of 64 for women and 65 for men.
1 person likes this
@LadyDuck (470441)
• Switzerland
23 Aug
@2ndchances24 It has been raised last year in Switzerland is now 65 for women and 67 for men.
1 person likes this
• Cloverdale, Indiana
23 Aug
@LadyDuck I started mine when I turned 62, & I'm 66 now
1 person likes this
• Cloverdale, Indiana
22 Aug
I'm glad I retired when I hit 62 B-4 they decided to change the age.
1 person likes this
• Cloverdale, Indiana
18 Aug
I've been retired now for over a few yrs at 62 & what I make isn't enough to live on & pay bills & with what I do with the $ I make helps Hubby with what bills he can't cover & he has been retired for over 20 yrs, but we make what we get work & live happy enough to have plenty of food & anything else we want or need in life at our age which isn't much.
2 people like this