Get a customized Social Security filing plan. Start with a complimentary discovery call with my team of Registered Social Security Analysts www.devincarroll.com/consult-with-RSSA
@JR-playlists2 жыл бұрын
Do you vote for politicians who actively work to destroy social security? (Like Ron Johnson of (Wi-R)) Do you also pi$$ into the wind and shoot yourself in the foot? If you answered yes to the first question, you answered yes to the other two.
@MegaFisherman16 Жыл бұрын
Hello Mr Devin. The company i work for is closing. Im 57. 58 in Septrmber. Im a CKD Survivor with diabetes abd some bad knees. My last day is june 30th. Work has become difficult due to health reasons. My wife is younger and the higher earner. Should I file disabilty or continue to try to work. I need dome advice. Thanks
@mmariemarkel7482 Жыл бұрын
Hi @Devin Carroll I totally am a super fan of your channel. I have some comments about this episode but first want to ALERT you of something that could be affecting your numbers for it. When I watched it moments ago there was an ad that popped up and wouldn't allow me to watch on full screen on my android. The part that might affect you that full screen or not, there was NO WAY to comment, share etc. To be able to make those comment I had to close the screen out, go to my library and click to watch the video again. Otherwise no thumbs, comments. Save, share etc. Just wanted you to know so maybe you can get it fixed. It was a commercial for burial benefits but that isn't the only one that makes this scenario happen.
@mmariemarkel7482 Жыл бұрын
Hello @Devin Carroll I so appreciate how clear and easy to understand you make this subject of soc security rules and regulations. They can almost seem like learning a second language 😂 LOL. But not with you. However, you don't ever seem to cover an important group. Older ex-spouse, married over 10 yrs (15.5/yrs married). They were also the higher-earning ( making over $100 thousand but under $140 thousand/yr) working (at the same job) until full retirement age at 66.5 yrs old (Born1945). The younger spouse (b.1962) became completely & PERMANENTLY)disabled in 2012 (age 50) after working enough quarters to get soc security disability (SSDI) rather than SSI. You don't seem to cover this type of scenario in ANY of the videos I can find. When the older, higher-earning, ex-spouse retired, since the younger spouse was completely and permanently disabled at the time of the older spouses retirement and the younger was age 50, could the younger have applied for spousal benefits then or must they waited until 62 or older to apply. I hope you get to read this comment and will make a video, because I'm sure there are many others in the same type of situation. If you would consider a video and need any parameters I didn't mention feel free to msg me. Trayne.behr(AT @) Gmail I'm sure you know how fill in the @ and what's after Gmail. There really IS a period after Trayne in the address. It's not a typo. Thanks for the easily understood content you bring. I'll be looking forward to new content, but until then you'll find me binge-rustling through your impressive older library of content. Stay well, safe and spreading a little (or a LOT) of love. Namaste
@mdieu1694 Жыл бұрын
@@MegaFisherman16😊
@fishingpinky3165 Жыл бұрын
I retired from a demanding never appreciated job of nursing at 61. Best thing I ever did. Started taking SS at 62. I am active and want to enjoy life. Seen too many people come into the hospital after retiring late and having major medical issues. They could not enjoy their retirement. Retire early.....enjoy life!
@pittroadsixzeroseven Жыл бұрын
I appreciate you as a nurse. My daughter is studying to be a nurse. So sorry you feel that way
@rodbirch5876 Жыл бұрын
@@pittroadsixzeroseven not all nurses get satisfaction from their work, but I have met many who do, and for that I'm forever thankful.
@Marina-ow5fk Жыл бұрын
I've been a nurse for 31 years and I can't wait to retire at 62. 6 more years to go!!
@bsrk3170 Жыл бұрын
Curious to know-what are you doing for insurance?
@HomeEF Жыл бұрын
Me too I got my SS retirement at 62 this year 02/2023. I believe the same too, I l know a few people retired at 65 just got 1 checked or 2 then they died. Why do you think the government / SSA PUT those polices??!!!! Helloooo
@GillerHeston Жыл бұрын
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings to fall back on.
@rogerwheelers4322 Жыл бұрын
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
@joshbarney114 Жыл бұрын
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $350k since then.
@eloign7147 Жыл бұрын
@@joshbarney114 I’m in dire need of guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
@joshbarney114 Жыл бұрын
@@eloign7147 ‘’Colleen Janie Towe’, is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@eloign7147 Жыл бұрын
@@joshbarney114 Thank you for this tip , I must say Colleen, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
@livdouglas34103 жыл бұрын
I said good riddance to corporate America in 2018, I choose to work part time at my local grocery store 2 days a week, and I also work in my community ministry, I’m active and never felt so fulfilled! I truly Thank God for this season in my life. 🙏🏽♥️
@lastchance69933 жыл бұрын
Tomorrow is not promise 😃
@Honestandtruth0073 жыл бұрын
Great choice and good decision to do what you love...👍❤️
@davidmagen4153 жыл бұрын
Good for you. You escaped!
@kennethbeachem37763 жыл бұрын
Amen sister!always follow God's plan and He'll never lead you wrong. I'm 59 and trusting GOD for the same plan. GODBLESS!!
@reston813 жыл бұрын
Awesomevso glad for you
@philipaiello38903 жыл бұрын
Two years I plan to retire at 62. I am so DAMN tired of as-h-les saying "What will you do? I will enjoy life. I am sorry if these people have no life. I will read, go for walks with my dogs, try to go to church more often, go out for drinks and never, ever have to wake up to an alarm again or deal with traffic going to a job...or some days I will just do nothing. I just hope GOD grants me the time. Thanks, for reading
@bernie97283 жыл бұрын
I'm with you Phillip. I worked from the time I was 18 until I turned 62. Never once did I work because I wanted to. I always worked because I had to. There is nothing wrong with liking your job, but make no mistake, we are all there for the money. My wife and I made sure we put money away so the day that we no longer needed to work would get here as soon as possible. For me, being retired feels like a snow day from school every day. Anyone who lives in a northern state will get that reference.
@frankhall70053 жыл бұрын
Yeah don't listen to them. The grass is definitely greener over here. I retired at 51 I get up at 10am everyday don't miss one coworker. I have a pitcher of Margarita's when ever I want. Welcome to the club.
@chains65583 жыл бұрын
I don’t care if I wake up to watch the grass grow ......it’ll still beat being stressed out over a job .
@raymondparks47343 жыл бұрын
I'm right there with you. I have 2 and a half years till 62 and I am planning to retire.
@kathyperez96953 жыл бұрын
Yes I agree I will be 62 in 1 year and 5 months can't wait to retire my job is so stressful physically and mentally! I want to be able to enjoy the rest of my life by God's Grace
@williamrogers81093 жыл бұрын
I went at 62, it was a challenge money wise. Took a big cut in pay. That was in January 2018. I was totally worn out and discusted with that company. It used to be a decent place to work. Went totally downhill when the previous owner decided to hang it up and sold the company to investment bankers. I turned 62, I had options then. Clocked out one afternoon, never clocked in again. CHEERS, People.
@coraperez5102 жыл бұрын
good decision making, congratulations!
@dougieretro8896 Жыл бұрын
That's very common when family-owned businesses are taken over by larger corporations and institutions looking only for profit.
@jackieveal3 жыл бұрын
One of the best things I did for myself was retire at 62. Don’t have to worry about being laid off or losing my job. Less stress.
@Honestandtruth0073 жыл бұрын
I do Agree...... That's what I plan
@clemzahrobsky21373 жыл бұрын
or the company going belly up and could affect your pension. i took a lump sum settlement and glad i did as the company closed up about a year after i retired and some of my co workers got screwed.
@vernt45833 жыл бұрын
@@clemzahrobsky2137 I had two uncles in Houston that worked for a company that went bankrupt before they got to retirement age back in the 80’s and they lost their livelihood other than ss !!! All of the retirement accounts were bankrupt because they used their stock as retirement for employees !!!
@lastchance69933 жыл бұрын
Yes, steady income once a month, rain, shine, snow, the check is coming
@davidmagen4153 жыл бұрын
It’s great, I see a lot of help wanted signs. Couldn’t care less
@brooklynbummer3 жыл бұрын
I found that after age 55, it took an average of one year to find a good job. At 63, unemployed again, I decided that retirement was the best choice as many employers are reluctant to hire anyone near retirement age. I was tired of fighting the ageism common in America.
@GG-ry8dx3 жыл бұрын
I here that load and clear!
@davidmagen4153 жыл бұрын
Good for you I had enough sounds like you have to
@johnensslen3 жыл бұрын
Not the federal or some State Governments they are looking for workers in diversified age bracket Just as long you work for them give them five years and you will have more income.I am 60 years of age and started back. I will give them five or more years of life at least at most another eight years.Life is short to waste you might have to go out work it to earn it as well something show you are good.
@brooklynbummer3 жыл бұрын
@@henryvalero9235 The story is familiar and so damned frustrating. Being old, in America, is not an asset but a liability. Employers assume everyone wants to retire at 65 when many really want to work much longer.
@henryvalero92353 жыл бұрын
@@brooklynbummer From Lil Giant Yes. My mother had six children. Every one of them except me and the youngest, who is not yet 70, retired at 70 years old. I look the youngest of all of them. It amazes me that I could have had that problem. But I cannot figure anything else. It just doesn’t make sense. I never get sick. I have been in a hospital only because I was having babies or I was run over in a parking lot by a guy in a car. I competed with the youngest and the brightest-the cream of the crop at university. THEY did not know my age. Makes me mad. Oh, well. Haven’t thought about it since I retired nine years ago. Nice to feel I was not alone. Misery loves company. LOL 👍
@chains65583 жыл бұрын
I'm 58 years old and already have 40 years working in the same machine shop . To say I'm tired is an understatement . 4 more years , 4 more years , 4 more years !
@davidmagen4153 жыл бұрын
You can do it. Hold on and count the days
@davidmagen4153 жыл бұрын
I actually left work at 60 1/2 . Couldn’t stand the job anymore . Worked at T S A it sucked
@lesblack80363 жыл бұрын
You can do it!
@nelsonpquintana34323 жыл бұрын
Hello there: If I'm not mistaken, at 58 is the right time to start moving SOME $ from you IRA to a ROTH. I think, this way you won't end in a higher bracket at retirement. Check that out. r moving
@brianpreston84833 жыл бұрын
I have 32 years in a machine shop. I am waiting
@morganmcintosh7859 Жыл бұрын
I'll tell you a great reason to file at 62. I filed and a year later I had a heart attack and a quadruple bypass. Then I had pulmonary edema. So I almost died twice. I'm now 66 and I do not regret one single moment for filing early. 💕
@JBCavern Жыл бұрын
Major medical is what scares me about collecting my benefits and retiring early. How would one pay for major medical without insurance? My high-deductible crap insurance runs me over $800/month and I'm in good health!
@morganmcintosh7859 Жыл бұрын
@@JBCavern you know you can supplement to the I got a Molina healthcare plan for $40 a month
@JBCavern Жыл бұрын
@@morganmcintosh7859 Thank you. I'll have to look into that.
@sammyday334111 ай бұрын
I hope your health problems are better.
@tonyaction52848 ай бұрын
Awesome story brother!! Thank you for sharing with us🙏🏼 I will be 61 in Feb. 2024 and SS has already sent letters stating that I qualify for benefits should I decide to move on it at this age. What should I do??
@robertonuno25923 жыл бұрын
I retired at 62 because I my job was making me sick, right before I get ready for work, I will start getting stomach ache, and start shaking, I was a waiter for one of the big hotels here in Las Vegas, I was getting sick almost everyday,I was getting pneumonia the flu, and a lot anxiety, so I quite my job, and file for social security, I got like 1100 dollars, plus my pension from the culinary union, I work for 41 years on the restaurant business, and from the union when you put 20 years or more you get 50 k, if I would have taken the 50 k, my monthly check would have been 800 dollars a month, so I decline to take the 50 k , and get 1200 hundread a month for the rest of my life, and this way I didn’t have to pay taxes, this is what I did, another thing since I quit my job I have never got sick, no flu pneumonia or noting at all, so I’m happy.
@thommysides46163 жыл бұрын
Hospitals and Hotels are not good places as the windows are usually all closed and the AC just makes the air go round and round. Glad your out of jail....ha ha. Fly baby fly.....and soar until tomorrows tomorrow!!!
@krane15 Жыл бұрын
On I know that sick feeling in your gut all too well. I only regret staying at it for as long as I did.
@heythave Жыл бұрын
Is it a surprise when the hotels are smoke filled?
@stevec38723 жыл бұрын
You can adjust your lifestyle to a reduced income but with no life or quality of life, extra income doesn't mean much. Best decision I've made was to retire at 62. I'm poor but have enough money to pay for everything with a good chunk left over. Best of all at age 69 I'm more healthy than at 49 and can enjoy my retirement.
@juliasoto67933 жыл бұрын
You are right.
@Grayman582 жыл бұрын
Me too iam retired and enjoying life best move I made . From Canada 🇨🇦
@DJ_Patent2 жыл бұрын
That's a great point, too. Never considered - I'm an attorney - that's 7 less years of high stress on my body in my 60's. That can't be healthy.
@d2friezen2262 жыл бұрын
Amen brother, I retire from a stressful corporate job that I worked late and went in early, many nights woke up at 2 or 3 in the morning stressing about what need to be done or get done that night or the next morning. I can’t tell you how much better I sleep every night and I’m sure I’ll live longer because of retiring. Get out if you can…
@l.a.raustadt5182 жыл бұрын
I like it. Finding what works for you is the key
@mamaburr29633 жыл бұрын
I am so happy I retired at 62....When I turned 66 I started to have health issues....nothing real serious...My job was working outside, and it was physical...Working in the snow and the heat in the summertime was not easy....We moved from Queens NY to 55 plus active community in central Florida...Everyday I go swimming....golfing....play cards....and I love 💕 our community in Florida....No more stress....I know people who waited to file 65 and they passed away....We are not promised tomorrow.....or good health...
@mariarod69983 жыл бұрын
I totally agree with u. They take 285. 00 a month out of my as for taking early but u what? I love ❤️ glad l filed ealy
@christopherhennessey89913 жыл бұрын
Claimed at 62. Receiving Social Security benefits and my RN pension.,never looked back.
@thommysides46163 жыл бұрын
I turn 62 in Feb. My kids live in Winter Haven Fla. Been thinking about buying one of those trailers in a community, but many are too strict for my blood. I love my dogs...lol. God bless!
@DrSchor2 жыл бұрын
You are not promised bad health or an early death, either. What will you do for cash when you are healthy at 95?
@ilikecontent23272 жыл бұрын
@@DrSchor No kidding. I am ready to cover those expenses. These videos always try to encourage you to retire early and things can be okay for a while until the money runs out and one 1 year stint at a nursing home can wipe out savings and decimate any Inheritance you planned on leaving for your kids. I purchased a long term insurance plan in my 30's. I just upgraded it. I have just over $435,000.00 worth of coverage. It can be applied to in-home care, assisted living facilities, and nursing home care. Its with John Hancock. I got it through my state employer 27 years ago. My premiums only went up once in 25 years. $5.00 is all. I just upgraded my plan(no medical questions asked)to keep up with inflation. This premium is only $88.00 a month for me. Without going into details...I have invested, planned, did a pre-paid college plan for our son(6 years of college paid)paid off our home years ago. We are a middle class family with a moderate income. Most people can do the same thing. You just have to start early and be consistent. I am 63 and hubby is 65. We are retiring soon with no debt and pensions, soc. Sec. And supplemental income. And cash reserves. I am still working to 65. I am healthy and I am padding my retirement. We do travel and enjoy ourselves now. So you can have fun when you are working. Unless your job is crap! Then I would say get out! Just be careful or you will end up living in your car or a tent. 😊
@rvtalltales93273 жыл бұрын
I Retired last month age 62, at this point my focus is on health not wealth. I have lost 10 pounds in a month, exercising regularly, life is good. People waiting to stop working are not delaying retirement, they are shortening retirement.
@dougb82073 жыл бұрын
That's a great way to look at it, shortening rather than delaying. I hadn't put it into that clear perspective.
@fredost15043 жыл бұрын
@@devincarroll2701 I think HE will be enlightening YOU.
@richardfowler32543 жыл бұрын
@Mac Neal SO sorry to hear that sad news, my brother-in-law passed away one week before his 59th birthday, tomorrow is not promised to us. grab what you can while you can.
@richardfowler32543 жыл бұрын
Kevin, great job on the weight loss, I salute your you new focus. I have lost 35# myself since Jan. 1st this year. I have finally decided to make my health a priority so I can play with my grandkids kids (whenever they show up). I want to be they "old man" that shows the kids how I do (and did) stuff...
@allee34763 жыл бұрын
Good going! A few years ago, I attended a retirement seminar where I learnt that the biggest expenditure amongst the retirees is medical expenses, to which I thought “not if I can help it.” I switched my lifestyle three years ago, lost forty five pounds, off blood pressure medications and viagra, have lowered the cholesterol and triglyceride levels, and cured my sleep apnea. My aim is to alleviate or minimize the need for pharmaceuticals and surgeries as long as possible.
@d2friezen2263 жыл бұрын
Retired at 60+ onJanuary 1, 2020. Started my pensions at 60.5 with a little 401k kicker a few months later. I did the math and my break even point (early vs full SS) is 79+. It doesn’t make scene to wait another 4 years and 10 months to start SS. I am enjoying doing things I thought I didn’t have time for while working, spending money enjoying life. I’ve raised a family, work hard and saved money for this moment in time. I’ve filed for SS at 62 and can wait to start recouping some of my money. Retire as soon as you can. Enjoy life, family and friends while you can.
@roz61642 жыл бұрын
I am 71 years of age I took early retirement at 62 my first spouse died he makes way more money than I did and my spouse now is younger than me and sickly I get some of his ss it is too little can I file on descead benefits please let me know
@charlenesimpson92232 жыл бұрын
Good for you
@Jane57202 жыл бұрын
@@roz6164 I do not believe that you can file and get the deceased spouses SS once you remarried
@jamesjenkins3384 Жыл бұрын
I just retired at 62 also. With what's going on with our government I really don't know how much longer S.S. will be there.
@larrywinfrey82652 жыл бұрын
I've always had issues with all the "experts" that said you should wait until full retirement age, or even 70. First, it's based on actuarial tables so the population based results are the same payout. Second, they ignore how much you lose if you die early, If my dad had waited until 70, he would have collected zero dollars since he died at 69. Third, they always neglect the fact that for every $ I take in SS, that's one more dollar that I can leave in investments. That money will also grow, and unlike my SS, I can pass it on to my daughter. Finally, the obvious; I don't trust what the government will do with this fund.
@ronmorgan75652 жыл бұрын
Good points and well stated!
@morrispowell15242 жыл бұрын
The republicans are still trying to get their hands on social security funds. Ever since the bush/cheney admin.
@OhJodi692 жыл бұрын
They also do not mention that you're really not getting "more money" if you wait until full retirement. Your checks then include the money you did not collect at 62. Don't let the government hold on to your money for you
@DrSchor2 жыл бұрын
@@OhJodi69 You are getting more money, a lot more, if you live past 85. What will you do for cash if you are healthy and 90? Bob Hope died at 100, George Burns lived until 100, Kirk Douglas died at age 103, there are 2 million people in the usa today who are older than 90. In 2050, there will be 10 million people older than 90. All those people will be getting more money. Why not you?
@OhJodi692 жыл бұрын
@@DrSchor The odds are still slim that anyone will live that long. You do not get MORE money when you take SS the latest. Retiring early is the same amount of money, spread out over more years. If you take the money early, but have other retirement investments, you can take that SS money and invest it, yourself, if you want. Otherwise you're just letting the government have your money for years and years. You could instead save it, yourself, and give it to your heirs if you want. Put the money in your own bank account. Keeping it in the government bank account means you may never get it at all, and neither will your kids or grand kids.
@int531853 жыл бұрын
Ageism is very common in today's work force. I just turned 61, my co workers call me grandpa. They don't realize that they will be my age sooner than they think.
@davidmagen4153 жыл бұрын
If they live long enough. I’m a big proponent of retiring early.
@davidkirk25543 жыл бұрын
Your last sentence is SO TRUE...
@int531853 жыл бұрын
@@davidkirk2554 They think that they will be young forever. Funny thing is, I thought that way when I was their age!
@phillipkelley35133 жыл бұрын
@ James Last...very good point. The years go by in a flash and then people always say where did the years go!
@badczech84853 жыл бұрын
Youth is wasted on the young.
@susancarter38643 жыл бұрын
Yes, my husband filed at 62 cause of cancer and past away at 66. At least he had 4 years of retirement.
@joanngennaro50953 жыл бұрын
I’m so sorry to hear this. We never know how much time we have! Prayers to you and family God bless!
@susancarter38643 жыл бұрын
Jo Ann Gennaro Thank you ☺️
@truthwarrior44123 жыл бұрын
Prayers to you. Your husband did the right thing.
@susancarter38643 жыл бұрын
Truth Warrior Thank you 😔
@scottrmclaughlin34953 жыл бұрын
RIP 🇺🇸
@erinpeacexo18543 жыл бұрын
I filed at 62 and NEVER looked back. It was the best decision for me. I'm also working part time. Take the money when you're entitled to it.
@maryveney8063 жыл бұрын
How many hours can you work?
@clicks593 жыл бұрын
@@maryveney806 you cannot earn more than $18,900 yearly before it effects your SSI benefit. Not sure what this equates to hourly. I guess it depends on how the hourly wage.
@maryveney8063 жыл бұрын
@@clicks59 thanks so much for responding!! I have my appointment this Thursday
@zitawillingham43913 жыл бұрын
Same here
@lorihale1293 жыл бұрын
Im 58 & have it planned to retire at 62 also...Its 500$ more a mo if I stay til 67..but Im tired of the rat race ..I want to travel & work pt not all the time...Im glad to see orhers advising us to go at 62!
@maggiesandoval7493 жыл бұрын
Yes retiring at 62 while I still have the strength to enjoy life
@gregflores89593 жыл бұрын
Well said Maggie, I’m gonna do the same me thinks
@jonvan22062 жыл бұрын
Retired at 62, filed at 63 and 4 months to get 80%. Company wanted to get rid of the older workers so offered a buy out. So along with my pension of 38 1/2 years, plus my S.S. and some IRA money we do okay! Took the buy out money and bought a camper and truck and went prospecting, riding the Harley and visiting friends and relatives.
@chipblock28543 жыл бұрын
You forgot one. I got out of prison at 62. It was sure great to have the money. Though it was far less then what I would have gotten at age 65, it got me through the first year after prison. I was able to get a nice place to live and once I started working, I got a car. I don't know what I would have done without it.
@zitawillingham43913 жыл бұрын
62 is the way to go
@thommysides46163 жыл бұрын
God bless you Chip..... enjoy that car of yours...lol.
@Last_of_my_breed2 жыл бұрын
I didn't know they pay you to go to prison,🤔 is that for everyone? I thought the idea of prison is for punishment.
@TheMinot60 Жыл бұрын
@@Last_of_my_breedjudge not. Obviously he was judged, sentenced , and released according to the law. You are casting stones from a glass house.
@AnaPerez-co9ch3 жыл бұрын
I had to do a disability retirement at 49, to fight cancer, I was not ready mentally and economically to make the move. But I’m enjoying my days off when my health permits. God will provide.
@oceandreamer19583 жыл бұрын
🙏🏻🙏🏻🙏🏻
@gwenmarie73112 жыл бұрын
Amen 🙌🏽🙌🏽🙌🏽Yes he will
@krane15 Жыл бұрын
God helps those who help themselves. But if you take one step, he'll take two.
@neidedurant84283 жыл бұрын
File for SS at 62 because at 65 you could be dead then ........😵it did work for me ! Thank you for info !
@juanitamuhammad87763 жыл бұрын
I retired at 62. I was terminated from my job, and had no income for 4 months, until I received my first ss check. Now I just started work, but I am aware that I have a limit on earnings. I think I made a good decision. Thank you for the information.
@deborahbutler27032 жыл бұрын
My husband filed at 62 and is now 74. I'm retiring next year and also drawing my benefits at full retirement. He has been a great house husband. We made the absolute right decision . Would recommend it. Your presentation was very helpful to others undecided
@shyrelrandle62833 жыл бұрын
I am filing at 62 I left work at age 59 after the pandemic. I filed for my state retirement at age 60 and I have never regretted it. I am enjoying life.
@MaryKnasinski3 жыл бұрын
My story exactly.
@cathypressey78763 жыл бұрын
My story too! Enjoying retirement at 60.
@peggybinkley78703 жыл бұрын
What do u do about insurance
@shyrelrandle62833 жыл бұрын
@@peggybinkley7870 I was already on the policy of Federal Blue Cross Blue Shield 🛡 with my husband for health and I kept my dental 🦷 and vision insurance for 18 months from the job I retired from.
@MaryKnasinski3 жыл бұрын
@@peggybinkley7870 I could keep my insurance too - very lucky that WI allows the conversion of unused sick leave.
@stevemeloccaro8913 жыл бұрын
i worked for 47 yrs. and theirs not a day in my life i don't thank God i don't have to work + I'm not paying for health, Vets take care of that, what a blessing make a lot less but have so much more
@javelinaflips-annie50003 жыл бұрын
Thank you for your service and sacrifice Steve
@donnawhite46213 жыл бұрын
I retired at 62 also. Took care of my mother until she passed. I'm glad I did. Can still work a little here and there and doesn't affect my benefits.. Then along came Medicare.!!
@OhJodi693 жыл бұрын
With a lower SS check you might qualify for many assistance programs, many of which are for people whose incomes are less than 120% of the poverty level. Rent assistance, energy, food, Medicaid, Medicare, free prescriptions, etc. Consider that not only have you worked hard all your life and paid into your social security and Medicare, but you also paid into these assistance programs with your tax money. If you qualify for programs that you have been supporting, you should get them.
@garyjones31422 жыл бұрын
Counting on a handout, no thanks!
@OhJodi692 жыл бұрын
@@garyjones3142 It's not a handout if you've paid taxes to support the programs your whole working life. You've invested in these programs just as you have invested in social security, medicare, the fire department, public schools, the roads you drive on. If you qualify for programs that you have paid for, why turn them down. Consider that the uber-rich pay far less percentage of income than the rest of us, and they recently got more huge tax breaks a few years back......all that tax money that they do NOT pay to the US, they DO use to pay for all their food, educations, homes, medical, etc. THEY get the handouts. They live off that money they should be paying in taxes.
@christopherallen95802 жыл бұрын
@@OhJodi69 immigrants get loads of benefits and have paid nothing into the system
@jeanne8192 жыл бұрын
@@OhJodi69 you’re right on with this !! I worked many years and contributed toward all you mention. I was even told this by HEAP program employee - I’m getting food help now, heap help for intensely high oil bills and qualified for HERR federal program - in the past I rented my primary house out to obtain money and lived in different areas but since Covid I’m staying home
@billpasaki47692 жыл бұрын
Are you kidding? So you are on Federal welfare for the elderly, SS, and you want another handout? Get serious please.
@DEAH-013 жыл бұрын
I'm 55, a RN and sick of sick people. Trying to start a business doing what I love , which I have been researching . I can actually file for disability from a broken back, high blood pressure etc.. my dr's even recommended that I do that. My home is pd for ( valued at $430) no debt.
@yfa62442 жыл бұрын
You should get out of nursing as soon as possible. You may be making sick people sicker, while getting sicker yourself.
@gloriacedeno.27372 жыл бұрын
You shouldn’t be helping people if they’re making you sick!! Because your heart is in the wrong place 🙄 you probably decided to become an RN because of the $ 100,K a year income! 🙁🤦🏾♀️
@user-iu6bv8vu8o2 жыл бұрын
Yes! I’m an RN & feel the exact same- I actually loved my job BUT- since COVID- it’s a very sketchy job. Unfortunately….I didn’t know you could file with High blood pressure! I have that & issues with my shoulder! Help any suggestions??
@krane15 Жыл бұрын
Sounds good. Good luck.
@mikenatera1018 Жыл бұрын
@@yfa6244 I love what you just started!
@slyquilter3 жыл бұрын
I have chronic back pain and I’m tired of the craziness on my job. I’m retiring June 30 at 62 I will start receiving SS In August and I’m going to work for my son’s business part time remotely. I’m moving to NC buying a house where my dollar can go further. My husband and I want to enjoy our retirement together and time is not promised. My father put in his intent to retire paperwork and passed before his retirement. I think about that all the time so God willing I’m going to start my retirement as soon as I can.
@philipberger6213 жыл бұрын
Sounds like a good plan. Just be aware of the limitations on earnings while collecting SS. You could find yourself paying back $1 for every $2 you earn over that limit.
@lauralampe16643 жыл бұрын
You only have 7 weeks to go on the job...good for you. Congratulations on your upcoming retirement!
@krane15 Жыл бұрын
NC was on the list of Top 10 states to retire in a few years ago.
@armindagracia58573 жыл бұрын
You just don't know how much longer you are going to live, I rather take it at 62 and enjoy it while I still can
@jamesgrinder24913 жыл бұрын
I believe that what we think we need vs. what we actually need are many times 2 different things. I was prompted to retire at 62 because of some personal circumstances. I don't regret it and I'm very happy. I respect Mr. Carroll's honesty and open mindedness. Too many so called guru's try to tell us to retire at 70 and we must have at least 1 million dollars saved. For the vast majority of us, that's simply not reality.
@TheDisgruntledMechanic3 жыл бұрын
Retired at age 56 two years ago. Already have 3 heart stents. I plan on taking SS at 62. There was never a question for me!
@thommysides46163 жыл бұрын
God bless you bro.... eat good, sleep well, and exercise....some at least. Don't be a couch potato...lol.
@ronnieking3848 Жыл бұрын
Can't you get disability with heart issues ...you may be able to collect your full amount.
@dukecitywifey3 жыл бұрын
Hubby has been ill for over a decade. He is 61 this year. I turn 62 in 2 years. I plan on retiring at 62 so I can spend more time with him. Right now I work between 8-12 hours a day in a job with heavy lifting and a lot of physical labor. Grateful I can still do so.
@whatwillbem68253 жыл бұрын
I’ve NEVER regretted filing at 62...tomorrow is promised to no one...
@bruced.3703 жыл бұрын
Amen 🙏
@markaustin52693 жыл бұрын
Tomorrow was never promised to us at 30 either. They'll be people who collect at 62 who end up living longer than they anticipated.
@mikemcgown63623 жыл бұрын
@@markaustin5269 I didn't think I would live past 30, but I did. I had to go on SSDI at 50. I got full term benefits because I had 35 years of work history. I wish I could have invested more into my own retirement strategy, but now I just have to learn how to live on a fixed income.
@scottrmclaughlin34953 жыл бұрын
Once you retire there’s no turning back/on your SS monthly take home..?..!..🤷♀️
@scottrmclaughlin34953 жыл бұрын
@@markaustin5269 ~ that’s the primary reason why am waiting past 62 besides my union pension is over $44,000 a year and they wanna tax my monthly Social Security 23.97% ..?..!..🤷♂️ this is the law established in 1983..?
@billybell69503 жыл бұрын
Retired at 62 and 3 months. Could've made alot more money 💰 by waiting. Buried a 18 yr old grandson and a 77 yr old father . Time is much more valuable than money 🤑. If you can live on your income. Don't look back. Enjoy .
@charlesworthyjr70313 жыл бұрын
Can't wait about to be 61
@donnakesler14083 жыл бұрын
Sorry for your loss 🙏
@markrothenberg98673 жыл бұрын
Very sorry for your loss.
@michellebartel3 жыл бұрын
❤️🙏🏻❤️
@davidmagen4153 жыл бұрын
All my life I saved for retirement and I made it.
@anthonydiomede48183 жыл бұрын
I filed at 62. Thanks to a 38year career I was able to do that. I had lost employment and with little debt it made total sense. To wait till 68 was not a plan to wait for 350 a month more. Yes I am single. Thanks for the information. Hopefully the new adjustment makes this an even better decision.
@andyrme2 Жыл бұрын
the government like to dangle that extra money in front of people to get them to work longer cause they know most will be dead before getting anything
@danielkey1463 Жыл бұрын
Investing in the stock market is the best option to make a passive income. Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio.
@raymondbarnes5264 Жыл бұрын
who would you endorse? I've been in the shadows for too long.
@danielkey1463 Жыл бұрын
@@raymondbarnes5264 'My consultant is 'MARTHA ALONSO HARA", look her up online if you care for supervision.
@raymondbarnes5264 Жыл бұрын
@@danielkey1463 Thank you so much! Found her webpage and left a message. Hopefully, she responds.
@danielkey1463 Жыл бұрын
@@raymondbarnes5264 Welcome
@mayacho4910 Жыл бұрын
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.
@donnapuckett49923 жыл бұрын
I was let go from Federal employment because of chronic health issues, so, I filed for SSD and eventually won and I am only 55.5, so its good to know that I can have 100% benefits at age 62, thanks!
@mikeflair68003 жыл бұрын
I am a person who likes control (not personal, I was an internal auditor type at work)...and I almost always say: 'take the money and run at 62', if extra you can always invest it and of course I can match or beat the implicit increase in the payouts...it worked out well for me.
@DrSchor2 жыл бұрын
Interesting reasoning. When do you not say take the money and run,
@jamescunningham41803 жыл бұрын
I'm retiring at 62 just past 60 I got retired by covid. And at 60 I got a pension from the plumbers. Now that I'm off for over a year. I'm good I'm filing at 62. And living my life 🧔👍🇺🇸
@Brian_Homer3 жыл бұрын
I'm filing at 70. I'm 59yo and retired. I've been able to save and invest well enough, that I will be ok, financially, will into my 70's or early 80's.
@MC-vg1tl3 жыл бұрын
There’s a big “if” you make it to 70! Tomorrow is not “guaranteed”.
@-Stop-it3 жыл бұрын
I’m with you Brian. I’ll be doing some Roth conversions until 70 to lessen those IRA RMDs.
@endirrwiggins24943 жыл бұрын
You need a calculator to project amount paid compared to retirement at 66 vs 70. You would be surprised. Collect it now.
@blueskiesnm54123 жыл бұрын
@@endirrwiggins2494 We in same boat. Calculator was obvious to wait til 70. Our grandparents lived to 100.
@barbaramcdaniel4632 жыл бұрын
I filed at 62. I’m 66 now. I have low income retirement because of this. So Grateful for those few c-notes I receive. 😌🙏💐
@richardkluesek43013 жыл бұрын
Many who worked for 40 + years but delayed filing till 65 - 70 never made it, died, and never collected a dollar. And many who planned to and desired to be working were let go anyway. Getting rehired is a long shot after 40, 50, 60. Unless you have a connection or are starting up your own enterprize.
@krane15 Жыл бұрын
My thought exactly. Who want to go job hunting in the 50,60s? I didn't like job hunting when I was young.
@sammencia7945 Жыл бұрын
@@krane15 Every year 2% take it at 68, 2% at 69 and 10 % at 70. 14% 68 to 70. By your "reasoning" no one lives to those ages. Clearly they do.
@krane15 Жыл бұрын
@@sammencia7945 People can live to be over 100. Now consider the difference from being alive and LIVING. What good is that money if all you can do all day is sit in a wheel chair catatonic. On the other hand, I guess you can use it to hire somebody to change your diaper.
@evanleenewcorn45213 жыл бұрын
Will be 62 in October 2022. I am considering taking Social Security, working Part time 15 - 20 hrs per week. My wife is 11 years younger and we always used her insurance. We have no debt, and we can do well and not touch our investments… Life is short and spending time with kids & grandchildren 🥰
@sduk62703 жыл бұрын
I took it at 62. No regrets. Being debt free and living in a low tax area in a state with Medicaid expansion is key. Devin used 30,000 words to say less.
@nelsonpquintana34323 жыл бұрын
Work your #s. And make a proyection at 72 when you have to get Minimum distribution from your 401k. Add the part time income , yhe withdrawal from your 401k and add 50% of SS benefits, see if this provisional income will make your SS Benefits taxable.
@lindajackson46313 жыл бұрын
I filed at 62 and am glad to not have to worry about money anymore
@gorymarty563 жыл бұрын
I filed because I got burned out by working retail and dealing with people. Lol. I jumped on retirement as soon as I could. Lol. I never made enough to invest, been struggling all my life. Best decision I ever made.
@marygeiselbrecher81293 жыл бұрын
I’m totally with you, I have been working retail for 40 years this August. I turn 60 in November! And I’m ready to retire now! My only concern about retiring at 62 is medical insurance. I provide it with my job. My husband is a few years older and started drawing SS a couple years ago at 62. There is a lot to consider.
@gorymarty563 жыл бұрын
@@marygeiselbrecher8129 check with your state to see if you qualify for state medicade and also apply for Snap. That helps me.
@mbohn25263 жыл бұрын
@@marygeiselbrecher8129 I’m 55 and my husband turns 65 in May We are semi retiring because he will be on Medicare. I’m getting a major medical plan with Medishare That’s how we are doing it.
@raffaellosanti98063 жыл бұрын
Are you a twin sibling of mine? One more nasty demanding tourist and I’ll burst. Nothing but working 5-6 days a week and nothing but arthritis to show for it. You may have just convinced me to take a simple little part-time, file before 65, and have a life with lower blood pressure!
@tracygladen69933 жыл бұрын
For 7 years I had a stressful job and decided to resign last year. I had been doing 2 full time jobs for almost 4 years. At the time of my resignation, I was doing 3 FT jobs and was told to deal with it. I decided to retire one month after I resigned. I had a pension, 401k and Roth IRA. I have been living comfortably on my pension without using my other retirement accounts. I just turned 62 and have been debating whether to file for Social Security or wait till FRA or 70. I'm leaning towards filing at 62 and invest my social security payments.
@ginaf21033 жыл бұрын
I'm 65 yrs old, and l filed online in Jan 2021 -- 4 mos before l wanted ss to begin and 9 mos before full retirement age which is 66 and 2 mos. I retired 4 days ago and my 1st ss check will be mid April 🤗
@renaesutton31453 жыл бұрын
Congrats! Now go enjoy your freedom!!!
@kathybost18793 жыл бұрын
Congrats! Retirement is awesome and I hope you enjoy it. I retired in 2019 and love it. My rules for retirement are 1.No debt 2. Have something you enjoy doing- for me it's quilting and card making and reading.
@vernt45833 жыл бұрын
Yes I retired at 64! Worked since I was 16 years old and I don’t regret it!! I have lots of friends and family that worked and didn’t live to get a dollar of ss !!! So sad. I just had a school mate passed away two weeks ago and he had just turned 66 and worked on the same job for 46 years!!!
@minutewithmark75643 жыл бұрын
Congrats to you Gina🥂 I am single too and will hit 61 in a few months. My brother(hardest working man I know) Retired last year at age 62 and 30 years working in steel plant which was unionized. So, he gets Full Retirement from them too. Anyways, again Congrats and enjoy retirement!! Remember that Age is Just a - Number. It is a person’s Attitude & Outlook on Life that Matters🙃
@scottrmclaughlin34953 жыл бұрын
@@minutewithmark7564 ~ your brother that worked union is he paying taxes on his Social Security because his pensions too large/because there’s two different scales for that tax base..?..!..🤷♂️
@truthwarrior44123 жыл бұрын
Devin, I have listened to your great advise from the beginning on UT. I started to draw at 62 after a great career. I immediately found a good “retirement job” that I didn’t have to pay much in penalties on. It has worked out great! People my age have asked me when to start drawing. First I tell them to subscribe to you on UT for the best expert information. Then I tell them something that I feel is critical. Tomorrow is NOT guaranteed to anyone. If you are in your 60’s and you decide to wait until 66 or 70 to draw 20% of the people will die, are you a gambler? Not me. I remember the old saying of a bird in the hand is worth two in the bush. Thanks Devin! I always look forward to your posts. 😉
@truthwarrior44123 жыл бұрын
@Devin Carroll Hello Devin, the main reason I began drawing at 62 was my fathers death at age 58. He was a model citizen and as a Marine sergeant fought in the Korean War where he was wounded 4 times. He never saw a penny of what he put in all of his working life. I remember reading a statement of FDR about consider SS as your own private bank vault. He forgot to add, unless you die. I am 66 now and feel I made the right decision to draw at 62. I am several years ahead of the game now. Thank you Devin for being an honest caring man.
@daevm9463 жыл бұрын
An all-important revelation is that, except for the one-time funeral/death benefit of $255, one gets NOTHING if one dies before filing for, and collecting social security benefits. Don’t be overtaken by greed. Therefore, the earlier the better. Some contribute hundreds of thousands of dollars, or even millions to social security but all that is lost upon death!
@DrSchor2 жыл бұрын
80% of people will not die and continue to receive the larger checks. Clearly, you are not a gambler because the odds are way in favor of waiting.
@mikecamilli10473 жыл бұрын
I was forced out of my Corporate job at almost 62. After almost 40 years in the Corporate world I was done! I waited a year and a half till I filed for Social Security. So glad I did! Divorced daughter and our 2 grandkids moved in with us and we are needed in the home to watch the kids while daughter works. Obviously need the Social Security income!
@rosablevins90672 жыл бұрын
I do not understand? They say that the more you wait it is better or till full retirement age which is 70 or less depends of your age group or credits earned. But what about if still you are healthy to keep on working but something happens like loosing your job etc No income before you reach the full retirement .
@andyrme2 Жыл бұрын
@@rosablevins9067 when i started working the retirement age was 65 and it still is as far as i m concerned.. most folks i known never got to 70 and some barely made 65..
@swisstrader Жыл бұрын
Good for you taking care of your daughter and the kids!
@annheckenbach73583 жыл бұрын
I filed for my deceased husband's benefits at 62. I had an interview with an sympathetic woman by phone, and when I got my benefits, I was given the full amount. I was stunned.
@thommysides46163 жыл бұрын
WOW.... somebody's looking out for you....lol. Amen.
@josephmgomez39212 жыл бұрын
Praise the Lord....I hope I get the full amount when I retire at 62, I'm a 58 yr old Widower.
@josephmgomez39212 жыл бұрын
What is the full amount if I may ask?
@suelovingstitches2038 Жыл бұрын
@@josephmgomez3921 you will if you had married for 10 years.
@nathanielcarreon5634 Жыл бұрын
Retired from a local govt. job at 55 years old (paid off mortgage) and never looked back.
@countrycandle98373 жыл бұрын
ABSOLUTELY MAP115, YOUR RIGHT. I filed at 62 also and although you take a hit to me it's worth it in today's corporate America. As you reach a certain age they try to get rid of you anyway So if anybody is thinking about retiring at 62 to go for it. Life is way too short.
@cesarnarro60133 жыл бұрын
Growing up I always thought 65 years old would be my retirement age but by the time I reached 65 it had been raised to 66 and 2 months. Screw that, I retired at 65. Didn't lose that much by retiring early. Paid off my house many years ago. Once I finish my car payment in a couple of years I'll be doing better with my limited funds.
@chefleo34362 жыл бұрын
@@devincarroll2701 ?
@rosablevins90672 жыл бұрын
Let me ask you, did you file as they indicate through their form 2 months before your birthday or it doesn't matter., what about two months after your birthday? also do you have to file for Medicare? Can you opt out if you are not going to use it? Or you have not choice. I know they raised up till 66 and 4 months.
@nevillecampbell80193 жыл бұрын
Devin, Great video. We plan to retire at 62 based on several items, I have retired from the military with a pension. I am currently on my 22nd year of my second job where I have a substantial 401K and a pension. We also have two Roth IRA's with a independent Investment firm and with doing all the math, the break even period for taking social security early is a substantial amount money we could use to enjoy life while we can. As you said retiring early is not for everyone, but with out situation it makes sense even though the government try to do everything in their power to scare you into not doing so even if you can. Thanks again for all the awesome videos on the subject matter.
@orthodiva74873 жыл бұрын
My hubby and I are pretty much in the same boat as you. I originally thought of taking SS at 70 but after seeing all these videos, there’s no reason to wait. I can let our savings grow and leave it to my kids. My kids won’t get what I put in SS when I die.
@Unclmikey33 жыл бұрын
When I was 59 and planning to retire at 62, I became temporarily disabled. After a couple of months I realized that I wasn't going to return to work, so I retired at age 59 and 3/4. My pension is generous but it was still pretty lean times until I turned 62 and filed for Social Security Retirement benefit. So I'm one of those who retired earlier than planned due to a disability.
@songsalon78682 жыл бұрын
Could you have collected SSDI
@krane15 Жыл бұрын
I'm in the same boat and trying to hold out, but a voice keep telling me not to wait.
@williamemmons88163 жыл бұрын
You have provided me with information I had not even considered. I am 62 headed to 63 . I am on my second ankle fusion in a year to be able to continue to work. Doctors have suggested I apply for disability for years. Time to do some research, thanks for opening my eyes to more possibilities.
@Gagaloon3 жыл бұрын
I retired at 62.1 and I am so glad.
@AIHTube13 жыл бұрын
I’ve had 2 brothers die before age 58. Longevity is not in my family’s genes. But that’s ok. I’m going to enjoy life while I have it. God knows the number of my days.
@gphilipc20313 жыл бұрын
File early ... takes 10 minutes on the phone.
@laflower60823 жыл бұрын
Speak LIFE into you life n the curse will be broken in Jesus name💯🙏🏼✌🏽
@markrichardward55043 жыл бұрын
@@laflower6082 LaFlower took the words before I could.... Choose life. Life + death are in the power of the tongue. Ask Jesus into your life, repent of your past, and renounce the sins of your ancestors, and start as a new creation in Jesus. Forgive your parents, and honor them; that you may be given long life.
@laflower60823 жыл бұрын
@@markrichardward5504 amen💯🙏🏼
@theresewalters16963 жыл бұрын
Same here.
@Gary-pogi3 жыл бұрын
I will file 3 months before I turn 62, I have 2 small children and my family max is 5k thank you
@brianwinters5434 Жыл бұрын
I started collecting social security at 63. I did it after taking my deceased wife's survivor benefits. That allowed me to take social security a year later than 62. I started at 63 because my mom died before reeving any social security as did my dad and my grand father.
@cwinn414 Жыл бұрын
I believe there’s an added benefit to this as well. You can also switch to your own benefit at 70 which should be more
@tood64592 жыл бұрын
I just turned 50 and am now obsessed with planning for retirement. I've subscribed and am looking forward to your help and wisdom, as well as learning from others that comment here. Thank you!
@jeffs.6923 жыл бұрын
The Gov. wants ya to wait hoping you don't make it. I had 2 brothers that didn't, both died of cancer. One was a year away the other received a few SS checks.If ya take total of early payments then divide the difference of you full retirement age payment, In my case I'll have to live to my early 80's before I start losing money. My wife & me started planning in our early 40's to retire at 62 & 1/2. That happend in January 2020, No morgage, No car payments. We are now living the dream lol
@vincentzincone80123 жыл бұрын
In 2018 at 62 I got down sized. Shortly after I found a new job then had a temporary health issue and decided to take ss at 63. I had savings but not what I needed to completely retire. I'm single and found a decent part time job to supplement my SS. With covid I got laid off again but this time with the fed supplement unemployment. My parents passed at 61 and 71 respectively. Now at 66 I'll get another pt job soon! I figured with my family history it worked out better to take SS early. I'm glad I did it and didn't risk not getting ss at all!
@maryveney8063 жыл бұрын
How many hours are you able to work, thinking about filing, will be 62 in July?
@vincentzincone80123 жыл бұрын
It's not the hours! It's the amount you make over $17500 and change. Anything over they take $1 for every $2 you make until your full retirement age. I my case it's about 66.
@kleekblanco3 жыл бұрын
I'm retiring at 59 (13 more months!) and plan on getting SS at 62. Although I will not need the income because I will be receiving a pension, I will be placing the SS payment into the stock market and will only be withdrawn for emergency use only. This money will really be for my children after I pass.
@languso133 жыл бұрын
Shiiit I'm 31 and planning on retiring in two years abroad! México here I come! Fucc working for the mann.
@memeco503 жыл бұрын
51 and planning on retiring at 62 too. An older friend did it and he believes he made the right choice.
@letshunt89923 жыл бұрын
I retired at 58 three years ago. Will be taking SS starting next year. Worked for over 40 years and have a nice pension so maybe I’m one of the lucky ones. As many have said here, it is great and I have no regrets at all.
@MK-su6eg2 жыл бұрын
Retired in 2016,30+ years public high school teacher, and a alumni of school that I taught at, coached football, track, etc. and still living in the community. Just made 62 and thinking of collecting ss.Not bad retirement plan, and also grateful for my career and family. We are the LUCKY ones, actually my sister retired early,a teacher too, and when comparing our checks, mine about 1k more , she says, IM LUCKY!!! I respond nope, I worked HARD and deserve everything that I got coming!!! PEACE! I can relate!
@patmurphy3893 жыл бұрын
Devin, I didn't plan on retiring until 66 and a half which is my full retirement age. I retired at 62 because work was getting more stressful for me & because of health reasons. It's a good thing I did because I ended up having a busted appendix that year, if I had of been at work I wouldn't have been able to leave because I was a school bus driver & they don't look too kindly on the drivers having to leave in the middle of the morning. My husband & I don't have any children & he had retired from the military about 20 years ago. He was working on post at range control & retired from there this last year. I had been working since I was fourteen years old, I started early working. I was in the military also & only put in five years. I worked as a school bus driver for my community for eighteen years. So I feel I served my country & my community. I have retirement pay from work as well as social security now. Work isn't much, about four hundred dollars, but that's ok because I don't spend much anyways. Thank you for the video.
@patmurphy3893 жыл бұрын
@Devin Carroll I don't know?
@patmurphy3893 жыл бұрын
@Devin Carroll Devin, I don't have any apps on my phone at all. It's a very old phone, plus it costs more money to have apps.
@maxmoody30743 жыл бұрын
You missed the most prevalent reason. Been working for over 40 years, tired of spending 2 hours a day on the road to and from everyday, tired of the daily drudge, tired of the drama, tired of the alarm clock, tired of your feet killing you, etc. etc. I think to most of us minutes are more important than pennies. When I'm done I won't regret it and I won't look back. enough is enough.
@randykatterson26603 жыл бұрын
You got that right .enjoy life.is worth more than nickels
@dantecasas78473 жыл бұрын
True
@Mom_sBasement3 жыл бұрын
If you spent two hours on the road every day, that’s on you.
@davidkirk25543 жыл бұрын
You sound like me...i havent pulled the trigger on retirement ...but im close...,
@DiogenesOfCa3 жыл бұрын
I was working from home the last year, now they made us go back. The traffic is already getting bad and there are so many aggressive drivers out there. Been a month and I am already so sick of it....
@PeterSmith-ko7xh3 жыл бұрын
I started working full-time when I was 15 and a full-time time as well as a part-time job during and continued for several years after I graduated. Now at the age of 54, I cannot wait until I am 62 for me to smell the roses along my traveling roads of retirement. 😁
@jillgott65672 жыл бұрын
Before applying for ss at age 62 I planned. First I made two budgets - one the bare bare bones and a second one with a few treats added in. That way if I need to work to add to my soc security which is low , I can. Why did I do this ? * NO SURPRISES Second thing I did was make a list of potential income generating activities. I knew I did not want a stressful job but money comes in handy. I listed temporary staffing jobs, turning in bottles for deposit, sling online etc. Why ? * PLANNING gave me power over anxiety also having ideas on paper gave me confidence I could retire. Third I made lists of all items I use on a regular basis. Why ? * SO I KNEW how much deodorant, dishwasher liquid, soap, cleaners and so on I would need for a 12 month period. By stocking a few items in advance I could begin my retirement without worries of having to purchase items on a weekly basis.
@DrSchor2 жыл бұрын
It's possible you may run out of money if you file early, but that does not matter to a planner such as yourself. You have guaranteed that you will be a good smelling elderly pauper. And that is the important thing.
@clemzahrobsky21373 жыл бұрын
i retired a 60 took SS at 62 and i am now 87 in great health and never looked back. my dad died at 54 and never collected. if you live till the age the govt says the average male lives no matter when you take it you will collect the same amount of $$$. the govt is not stupid.
@mechellebass28453 жыл бұрын
That is how the age "65" was determined. In the 30s when this started, men did not live to 65 very often.
@thommysides46163 жыл бұрын
God bless you old timer.....keep ticking and make them have to bust the bank for ya....lol.
@dreameryoung383 жыл бұрын
Single with health issues is why I'm pushing for 62
@td46113 жыл бұрын
Since I’m not planning on living past 70, I’m definitely filing at 62.
@joeyedwards66203 жыл бұрын
I’m divorced/single, 62, and have health issues. I didn’t qualify for disability or SSI. My x-husband and I were married for 14 years which qualified me for half of his social security benefit. It’s more than disability would have paid me and I don’t have the desire to go through another appeal for a third time. I’m happy I can collect half of his benefit as it will pay my bills. A part time gig of some sort will give me some spending money
@RichRich19553 жыл бұрын
I've worked with some older people who retire-in-place. They do nothing in the workplace but still get a paycheck.
@Diana-yt2sv3 жыл бұрын
We had a lady who retired last year at 86. She could outwork the young people.
@platoon10813 жыл бұрын
Interesting i'm 61 and bust my ass every work day of my life. My experience has been that I find it's the youngsters I work with that have no work ethic; act entitled to being paid well just to show up.
@ChristysChannelYall3 жыл бұрын
I’m 48 and wish I could file now! I’m a VERY tired nurse
@dianepettis84383 жыл бұрын
Thank you so much for all you have given. It truly is appreciated💖💖
@donzucca2643 жыл бұрын
Hang in there Christy. I’m a 58yo nurse who’s planning to retire at 62. The 40s can be a challenging decade but it gets better in the 50s
@idolhanz98423 жыл бұрын
My wife is Asian and is ready to retire next year , age 62. She did well as I did and so did the kids! Our net worth is 1.1M and she and I retire with 6 sources of income (includes both of our ss receipts).
@bluesrocker78633 жыл бұрын
I hear you Christy Blocker. I’m only 43 and I feel the same. a VERY tired nurse too. Sorry.
@marieflorsaltarin66363 жыл бұрын
Ditto. Can’t wait to retire as early as I can.
@davidmagen4153 жыл бұрын
I couldn’t wait to hit 62 so I could retire. I can’t imagine ever going back to work.
@maskboy201133 жыл бұрын
That's my plan too.My car and house will be paid for then.62,
@Sjrick3 жыл бұрын
How old are you now ?
@davidmagen4153 жыл бұрын
@@Sjrick I’m 65 now but left work at 60 1/2 . I couldn’t take anymore and never looked back✌️
@Sjrick3 жыл бұрын
@@davidmagen415 did your monthly income go down? I would lose 1000 per month. Plus I live in NJ where the taxes are ridiculous
@davidmagen4153 жыл бұрын
@@Sjrick I live in Ohio where the property taxes are very high, now they want to raise taxes retroactively to last year. The schools were closed, the government was shut down, there should be surplus in stead on picking my pocket for more money
@reneathompson49633 жыл бұрын
I retired early due to my husband’s health. I have not regretted early retirement nor do not miss corporate America.
@roxannewhite33602 жыл бұрын
This was very helpful. I file at 62 (wk part time because I was lay off ) and then the month I received my SS check I got cancer and This was the best decision I made Thank you. I shared this with my family and friends.
@Mikheno3 жыл бұрын
My wife and I waited until 70. We doubled our income by waiting and I actually liked my job. I earned way more by working from 62 to 70 and of course the benefits will be with us for a long time. Anyway, to each his/her own.
@johnchandler16873 жыл бұрын
There's the rub, most of us hate our job. The stress is actually shaving years off our lives.
@red9man21303 жыл бұрын
bet me! our economy is on the verge of collapse!
@stevesmithston89143 жыл бұрын
I want to retire at 62 but I cannot until Medicare kicks in. poop! I put a lot of money in my HSA but I found out I cannot use it for insurance premiums only the deductible.
@johnchandler16873 жыл бұрын
Yes, it is. Back in Carter's presidency they passed an emergency monetary law that allows them to open all safe depository boxes and confiscate all precious metals. Also, if you've bought gold they know you have it and will come after it. So you're not protected from hyperinflation like the people who are selling it claim.
@raustadt3 жыл бұрын
👍 Very Good Job 👍
@davidkirk25543 жыл бұрын
I have stood on my feet on concrete floors wearing steel toed boots for over 40 years...62 cant get here soon enough...bye bye corporate dummies...
@brendaradcliffjohnston23403 жыл бұрын
Know what your talking about.
@teresitap57783 жыл бұрын
Hope you can enjoy yourself once you retire.🙏
@cmbooks20003 жыл бұрын
I filed at 62 after a lengthy job search. After a certain age you are just not attractive to most professions. My working income had started to drop. I filed and it's the best thing I ever did. 2 years later my husband past away. My income now is more than double what it was while working. With savings, survivors, pension my monthly income is far beyond what I made as an employee. If you love your job and living a comfortable life, keep working. If not, jump off that crazy train
@cecho93673 жыл бұрын
My father retired at 47 with a great pension since he had a great career as a police officer. He retired in 1993 making a 60k annual pension at the age of 47. At age 62 he began to collect social security. I always told him he should have waited till he was older. Fast forward 3 years, he developed metastatic lung cancer and passed away in just 3 months after his diagnosis. He collected SS For 3 years.
@stevefarris94332 жыл бұрын
I hope your Mother was able to get spousal benefits for the 3 years and now survivor benefits after your Fathers death.
@krane15 Жыл бұрын
Sorry to hear about your dad, but that's one reason they encourage us to wait.
@b767greg2 жыл бұрын
Great information! Here is a scenario that concerns me, and makes me want to take my Social Security at 62. Means testing. I max out my FICA in the first 5 months of every year, so that tells you what kind of income I make. I am concerned that means testing will become an issue when the Social Security trust fund starts to become so stressed that Congress needs to do something, and means testing is a real possibility in my mind, so take social security as soon as possible and hope to be grandfathered in. Just another opinion on taking it early.
@shirlynssleeve46613 жыл бұрын
Retiring on Friday @ 61 & will be waiting for my first check. A few hundred dollars versus my mental & physical health is a no brainer. My Retirement package is healthy as well as my Mr carries our insurance. I have no health issues and am looking forward to 40 more years!
@lydiaseritt63433 жыл бұрын
62 had 2 heart surgeries and drove truck 8 years so plan to do early t.y
@gphilipc20313 жыл бұрын
No more work...never again. Out in 2013 at age 63 and not looking back.
@olppsounds11492 жыл бұрын
Thank you for the info. I did take it early, 62, not because of health, because I wanted to explore other avenues of revenue, namely Voice Acting, COVID lock down allowed us explore our options for SS. For a while I was thinking I made a poor desicion, filing early; after our research and this video. We made the perfect desicion for US! Look forward to updates.
@krane15 Жыл бұрын
COVID through a monkey wrench in a lot of retirement plans. You get displaced at 62 not many are looking to find another job at that point.
@janiepatock61933 жыл бұрын
It was not an option for me. I was downsized from my job at age 61 and sent out 100 resumes and never heard back from any of them! I had some savings (thank God) and had to support myself for 9 months until I turned 62. It was horrible!
@PatriotSteve Жыл бұрын
do you have other money to supplement SS? How are you liking being retired?
@krane15 Жыл бұрын
I know that feeling. Its not the type of thing you want to have to go through at this point in your life.
@janiepecina30573 жыл бұрын
Thank you. You answered so many of my questions , my husband turned 62 in Jan. And we are still pondering about it was such a hard year.
@susansparks47633 жыл бұрын
I had started planning my retirement at age 60 because I would hit 15 years with the company and eligible for lifetime discounts. Two months before I signed up, the pandemic hit and I didn't want to continue working in unhealthy conditions. I then went downhill healthwise. So I signed up and took leave for my health problems and am retired. Only short $300 from full retirement pay. Health insurance was an issue, but I was able to on Medicare early due to low income. I have CHF and short breathed and trouble walking. I thank God every day he wakes me. Thanks for this video. Very informative.
@virginiamoss70453 жыл бұрын
S.S. Disability takes many years of jumping through hoops and waiting, waiting, waiting to qualify. They don't want you to have it and will use everything against you to deny you. And producing medical information, which is private, will cost you money to prove just when you have no money for diagnosis. What do you have to say about those enormous obstacles?"
@Jules215672 жыл бұрын
If you're 62 and over and have a legit disability it's not that hard to be approved...( Actually I think I read 55 and up is the sweet spot for approvals )...My husband's job of 40 yrs outsourced production one day and he was diagnosed with a blood clot and CVI a month later while drawing severance...He had planned to go back to work somewhere after taking a few months off, but his diagnosis changed that and he decided that at 63 it was time to call it a day...He filed for SSDI and his monthly SS ( to tide us over until approval ) the same day...It took a couple of hours online to fill out the SSDI paperwork, but I'd been keeping records since he was diagnosed so it wasn't that hard...Had also already obtained copies of his medical records before filing...Patience and organization help...We also went on to the ACA for healthcare as soon as he lost his job and because of drawing unemployment, it was very affordable...I think the disability horror stories we hear are usually from younger people with harder-to-prove disabilities.
@placesonthelist3 жыл бұрын
I retired at 59 with a pension and a pension boost till 62. I filed at 62 when the boost went away. I looked at it that I was going to spend the money either way, was it better taking SS vs taking it out of my saving. As it has turned out I have made a lot more money leaving it in my IRA than taking it out to replace my SS income. My wife made almost as much money as I did and she retired at 57 when I did. We are letting her SS increase to full RA or maybe 70. We are very much enjoying our retirement.
@michaelwright1467 Жыл бұрын
To each his or her own. I waited until I was 70 and am Deeyham glad I did!!!! My friend gets a little over a grand monthly and I am getting a little over 3 and a half a month. BIG difference guys. But I realize everybody cannot wait. I was fortunate. Do what's best for you.
@beatrisafomina11133 жыл бұрын
Retired at 65 and still working, never know what’s going to happen tomorrow, so additional $ is always welcome