Sunday, January 3, 2010

He lived long enough.....

My Brother-in-Law Posted a Question on Facebook.

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.

1 comment:

  1. This is the translation to the previous comment.
    Chai said ...

    Hello ~ ~ Thank you for a very good experience to share!

    Thanks for visiting Chai!