Posted on Jan 5, 2025
Age to Receive Social Security Benefits Increases
25
75
21
17
17
0
The retirement age for many Americans to qualify for Social Security payments will increase by two months, effective Jan 2.
The change does not apply to individuals born between 1943 and 1954, for whom the full retirement age was set at 66 by the Social Security Administration (SSA). For those born after 1954, the age for retirement then increases in two-month increments for each birth year thereafter.
The gradual increase in the full retirement age is part of a long-term plan implemented by the SSA to cut costs due to financial challenges that emerged partially due to increasing life expectancies, according to information on the administration’s website.
The change does not apply to individuals born between 1943 and 1954, for whom the full retirement age was set at 66 by the Social Security Administration (SSA). For those born after 1954, the age for retirement then increases in two-month increments for each birth year thereafter.
The gradual increase in the full retirement age is part of a long-term plan implemented by the SSA to cut costs due to financial challenges that emerged partially due to increasing life expectancies, according to information on the administration’s website.
Age to Receive Social Security Benefits Increases
Posted from theepochtimes.com
Money
Benefits
Age
Edited 2 d ago
Posted 2 d ago
Responses: 11
10
10
0
So for folks born in 2024 70 years, times two months or 140 months or 11 years and 8 months AFTER the age of 66 or simply 76 plus 8 months to draw.
(10)
(0)
SPC (Join to see)
They will kill off the old...if you take enough chips out of a flywheel it comes apart regardless of how you feel about it...no wonder they want the guns....
(4)
(0)
8
8
0
Our Social Security Funds Have Been "Borrowed" From A Multitude Of Other Government Agencies With NONE Ever Repaying Those "Loans". If SS Would Put A Stop To It, Which They Won't,There Would Be Far More Funds To Be Made Available To The Retirees ~~
~~~ How's THIS Grab Ya?~~~
Apr 17, 2023 · Technically the government owes the Social Security fund an estimated $2.9 trillion, money that has been used and not repaid to the fund. The money is legally held in a special type of bond that by law cannot be used for any other purpose other than to put the money back into the fund.
~ And It's OUR Money Being Legally Stolen. ~We're Far Safer Strolling Through Central Park At Midnight.
~~~ How's THIS Grab Ya?~~~
Apr 17, 2023 · Technically the government owes the Social Security fund an estimated $2.9 trillion, money that has been used and not repaid to the fund. The money is legally held in a special type of bond that by law cannot be used for any other purpose other than to put the money back into the fund.
~ And It's OUR Money Being Legally Stolen. ~We're Far Safer Strolling Through Central Park At Midnight.
(8)
(0)
SGT Aaron Atwood
I'm pretty sure I'll be getting IOUs in lieu of any checks by the time I reach that age. Personally I'm just expecting to have to work until I literally drop dead.
(3)
(0)
A1C Medrick "Rick" DeVaney
SGT Aaron Atwood -
Many Many Moons Ago, This Is What I Was Told To Do Before Old Age Sets In:
#1.. Place 10% Of Your Income Into Savings For Investments ~ #2...In A Separate Savings Account 10% For Emergency Funds Or Any Other Unexpected Situations. #3... Avoid Credit Cards As Much As Possible, As They Create More Problems Than They Benefit. #4... Where At All Possible And My Favorite:The Attitude Of: "If I Can't Write A Check, I Can't Afford It".
Many Many Moons Ago, This Is What I Was Told To Do Before Old Age Sets In:
#1.. Place 10% Of Your Income Into Savings For Investments ~ #2...In A Separate Savings Account 10% For Emergency Funds Or Any Other Unexpected Situations. #3... Avoid Credit Cards As Much As Possible, As They Create More Problems Than They Benefit. #4... Where At All Possible And My Favorite:The Attitude Of: "If I Can't Write A Check, I Can't Afford It".
(2)
(0)
Maj Robert Thornton
A1C Medrick "Rick" DeVaney I disagree regarding credit cards. Only use them if you can pay them off at the end of the billing cycle. I learned that many moons ago and the only time I have a late or interest is when I was overseas and the mail ran late; and only a few times in the 4 years in the UK.
If you can’t pay it off at the end of the month/billing cycle, I agree with A1C Medrick "Rick" DeVaney.
If you can’t pay it off at the end of the month/billing cycle, I agree with A1C Medrick "Rick" DeVaney.
(1)
(0)
A1C Medrick "Rick" DeVaney
Maj Robert Thornton -
OH I Agree With That ~ If You Can And Do Pay It Off, By All Means YES,
In Fact, If Cards Are Used PROPERLY, You Can Actually Save Money By Using Them.
Let's Say "You Have A Utility Bill Due Today ~ SO If You Pay It By Putting It On Your VISA,
Now You Have An Additional 30 Days Before It Needs To Be Paid ~ And Another 30 Days To Pay The Credit Card Company ~ Making It 60 Day Of Using Their Money~
BUT, Few People Do It That Way; Normally They Make Purchases And Never Think About The Actual Costs Of NOT Paying It Off, Just Continue Making Payment And The Fees Keep Being Added To Their Balance, And They Really Don't Even Know Why.
OH I Agree With That ~ If You Can And Do Pay It Off, By All Means YES,
In Fact, If Cards Are Used PROPERLY, You Can Actually Save Money By Using Them.
Let's Say "You Have A Utility Bill Due Today ~ SO If You Pay It By Putting It On Your VISA,
Now You Have An Additional 30 Days Before It Needs To Be Paid ~ And Another 30 Days To Pay The Credit Card Company ~ Making It 60 Day Of Using Their Money~
BUT, Few People Do It That Way; Normally They Make Purchases And Never Think About The Actual Costs Of NOT Paying It Off, Just Continue Making Payment And The Fees Keep Being Added To Their Balance, And They Really Don't Even Know Why.
(0)
(0)
7
7
0
A1C Medrick "Rick" DeVaney
And The Damned Wheels Keeps On Running Over Us ~
Backing Up And Repeating The Events.
While We're Just A "Bump In The Road". Thump-Thump!
Backing Up And Repeating The Events.
While We're Just A "Bump In The Road". Thump-Thump!
(0)
(0)
Read This Next
Continue with Facebook 
Continue with Google