I'm about to do something that I thought I'd never live long enough to be able to do......can you guess what it is ?? Great prize if you get it right !!I got it right! He will turn old enough to be eligible for early Social Security Income. Oh, but I didn't get the prize because he said I'm family.
Do not think I would want to receive early SSI. One thing that happens is the amount of benefit is reduced by 25% for your lifetime. If I was to wait until 65 then I would get the full benefit. By waiting til 65 I would also qualify for a 8% increase in benefit.
Now that I have blog about him, which I told him I would do, there are a few things I want to say. I hope he will be happier now that he is going to a SSE (Social Security Eligible) person. As for me, there will probably be no money left when my time comes. I kind of hope so, because I am not looking forward to the medical care that comes along with it. We are saving our own retirement money as well as participating in other retirement programs. We have a long way to go before we reach that SSI age.
This is just my view of the SSI program. My father is on it and my Mother was on it. I do not have a good experience with the program. So my view is from my experience.
I wish for Mike a better experience.