When Best to start collecting Social Security?

[vash]

this is an interesting thread. retirement hasnt registered as a blip on my radar yet.

i get those annual mailers. i glance at them, but never really looked at my pending monthly payout. the numbers above dont look that sucky.

[motion]

Originally Posted by DARISC

Nah. You paid into it and, when your time comes, it's yours for the taking.

removed - ns

HAHAHAHA!

FWIW, you, Motion, are one of a very few on this forum that I'd buy a beer.

I guess we are a couple of the people on this forum that just don't take life so seriously, eh?

[ckelly78z]

VASH and MOTION, how old are you guys ? It really is never too early to start thinking about retirement and starting a Roth IRA or 401K if your company provides it. I realize that younger guys would rather have that new motorcycle or mod for your Porsche instead of some boring investment that you can't touch for the next 30-35 years, but a small amount earning interest when you are young turns into big money as you get old.

Think about how many years you spent growing up at home, going through school, then college, and now think that you didn't have to finance those years......your parents did. When thinking about retirement, you have about the same number of years as you did growing up through college, but it's completely up to you to make sure you've got enough coinage to not have to be eating Ramen noodles three times a day out of neccesity.

I want my retired years to blow my working years away as far as the financial ability to travel, entertain, help out family, and buy cool cars goes.

[motion]

I just turned 50. I am socking away plenty for retirement now, and have quite a bit invested in collectable motorcycles. I also have rental homes. But in the end, I am an entrepreneur at heart, and will always have a few things going that bring in income. I would rather enjoy it RIGHT NOW, though, then bank on the fact I'm going to be around when I'm 75 to enjoy whatever I have been able to scrooge away. That makes zero sense to me.

[sammyg2]

My plan all along was to retire at 62.
From 62 to 65 we should have at least the same discretionary $$$ we have now, we'll get a big bump at 65 and from 67 on we should be able to live very well.
That's assuming I don't kick the bucket or something.

The trick is, we have to have something to take the place of work. Too often our careers define us and when that's over we have nothing to fill that void, so we sit.
If that's the case we're better off working til we're dead.

[jcommin]

Originally Posted by sammyg2

My plan all along was to retire at 62.
From 62 to 65 we should have at least the same discretionary $$$ we have now, we'll get a big bump at 65 and from 67 on we should be able to live very well.
That's assuming I don't kick the bucket or something.

The trick is, we have to have something to take the place of work. Too often our careers define us and when that's over we have nothing to fill that void, so we sit.
If that's the case we're better off working til we're dead.

Sammy, well said. I have been on disability for 3 weeks and my mobility is limited. There is only so much TV, movies, puzz;es, books to partake in before it all becomes boring. the void needs to be filled.