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10-15-2007, 01:35 PM
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#1
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USN/LAPD Retired
2005 25' Safari
North Las Vegas
, United States
Join Date: May 2005
Posts: 850
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First Baby Boomer signs up for SSI....
Well, it's official. The news just announced that the first "official" baby boomer signed up for Social Security Today!.
Just thought I'd share this with you guys....
Safari-Rick
__________________
2007 Dodge Ram Quadcab 6.7L Diesel w/jakebrake
"Better to have more then you need, then need more then you have because you don't have enough!"
AIR #: 8129
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10-15-2007, 01:37 PM
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#2
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Rivet Master
1956 22' Safari
2015 27' Flying Cloud
Vintage Kin Owner
Conifer/Evergreen
, Colorado
Join Date: Feb 2002
Posts: 12,701
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I saw that over the weekend and wondered...
how did they decide who was "first" and why is it on October 15th?
Enquiring minds want to know....
Shari
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10-15-2007, 01:42 PM
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#3
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Rivet Master
1956 22' Safari
2015 27' Flying Cloud
Vintage Kin Owner
Conifer/Evergreen
, Colorado
Join Date: Feb 2002
Posts: 12,701
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Okay..so I answered my own question in the USA Today article...
"Kathleen Casey-Kirschling <snip> — generally recognized as the nation's first boomer (born in Philadelphia on Jan. 1, 1946, at 12:00:01 a.m.)"
Guess I'm too far away from qualifying to "get" the Oct. 15th (10-1/2 months after b-day?) connection...why not Jan 1st?
Shari
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10-15-2007, 01:46 PM
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#4
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Rivet Master
Massachusetts
Join Date: Oct 2002
Location: 1964 17' Bambi II
Posts: 4,282
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Quote:
Originally Posted by InsideOut
how did they decide who was "first" and why is it on October 15th?
Enquiring minds want to know....
Shari
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The earliest age a person can sign up for SS benefits is at age 62. The baby boomer generation started in 1946, so someone born in 1946 must have just turned 62!
__________________
WBCCI Region One
Attitude is the only difference between ordeal and adventure
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10-15-2007, 02:33 PM
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#5
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Rivet Master
1979 23' Safari
1954 29' Liner
Orange
, California
Join Date: Feb 2005
Posts: 3,849
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I think you can sign up two and 1/2 months prior to your 62nd birthday. That would explain today rather than January 1, 2008. Since she is only 61 now.
Bill
__________________
Bill Kerfoot, WBCCI/VAC/CAC/El Camino Real Unit #5223
Just my personal opinion
1973 Dodge W200 PowerWagon, 1977 Lincoln Continental, 2014 Dodge Durango
1979 23' Safari, and 1954 29' Double Door Liner Orange, CA
https://billbethsblog.blogspot.com/
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10-15-2007, 02:37 PM
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#6
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Site Team
2002 25' Safari
Dewey
, Arizona
Join Date: Mar 2005
Posts: 15,606
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I guess I will be signing up in 3 years and 10 months
__________________
Richard
Wally Byam Airstream Club 7513
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10-15-2007, 02:38 PM
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#7
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Rivet Master
1956 22' Safari
2015 27' Flying Cloud
Vintage Kin Owner
Conifer/Evergreen
, Colorado
Join Date: Feb 2002
Posts: 12,701
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Thanks Bill...that makes sense. So on June 6th, 2021 I'll apply!
Okay, I'm off to put a reminder in my Blackberry now...
Shari
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10-15-2007, 02:42 PM
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#8
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Rivet Master
2011 34' Classic
Westchester Cty.NY
, / Miami FL
Join Date: Jul 2007
Posts: 3,122
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2020? maybe longer. the younger you are, the older you'll have to be when you collect. you'll have to be older than the early boomers.
__________________
Ricky
2012 F150 Super Crew 5-1/2' bed Ecoboost 4x4 3.73 elec. lock diff. Propride hitch
give life. kidney & pancreas transplant 9/9/06
Ingrid-my unofficial '"World's Oldest Streamer" 1909-2008 R.I.P.
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10-15-2007, 02:49 PM
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#9
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Rivet Master
1951 21' Flying Cloud
1960 24' Tradewind
West Coast
, BC
Join Date: Feb 2005
Posts: 3,790
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Gosh, Shari, does this mean you are too young to drive? It must be a hassle getting asked for ID every time you walk into a place for a refreshment.
I'm a couple of years off myself - it is interesting that the person who is considered the first boomer lived long enough to collect SS. I had never realized that any one individual had been identified at some point and then tracked.
Barry
__________________
Barry & Donna
Life is short - so is the door on a '51 Flying Cloud (ouch)
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10-15-2007, 02:53 PM
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#10
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Rivet Master
1979 23' Safari
1954 29' Liner
Orange
, California
Join Date: Feb 2005
Posts: 3,849
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Quote:
Originally Posted by richinny
2020? maybe longer. the younger you are, the older you'll have to be when you collect. you'll have to be older than the early boomers.
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Only the full benefit social security age has changed and the age at which you can earn any amount without sending part back to the government. The government has not changed the date at which you can receive reduced benefits, it remains at age 62. Currently if you wait until age 70, the benefits are even greater than the current full retirement age. The amounts you are projected to collect are on the annual statement you should receive from the Social Security department. Medicare eligibility remains at age 65.
Bill
__________________
Bill Kerfoot, WBCCI/VAC/CAC/El Camino Real Unit #5223
Just my personal opinion
1973 Dodge W200 PowerWagon, 1977 Lincoln Continental, 2014 Dodge Durango
1979 23' Safari, and 1954 29' Double Door Liner Orange, CA
https://billbethsblog.blogspot.com/
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10-15-2007, 03:57 PM
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#11
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Rivet Master
1963 16' Bambi
1962 22' Safari
Yreka
, California
Join Date: Mar 2006
Posts: 1,937
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SS
A sore point here. California teachers who have fully earned quarters are not eligible to also receive SS. They call it "double dipping". But everyone else from civil service can.... Do I earn a warning for this grumpy post? Hope not. I am sure not everyone else can received earned benefits too. Do your homework and find out!
I am an official baby boomer.
Mrs. NorCal Bambi (traveling in S Tardis ~ from the Great State of Jefferson)
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10-15-2007, 04:23 PM
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#12
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Rivet Master
1979 23' Safari
1954 29' Liner
Orange
, California
Join Date: Feb 2005
Posts: 3,849
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Quote:
Originally Posted by CaddyGrn
SS
A sore point here. California teachers who have fully earned quarters are not eligible to also receive SS. They call it "double dipping". But everyone else from civil service can.... Do I earn a warning for this grumpy post? Hope not. I am sure not everyone else can received earned benefits too. Do your homework and find out!
I am an official baby boomer.
Mrs. NorCal Bambi (traveling in S Tardis ~ from the Great State of Jefferson)
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Claudia,
You are right and that is wrong. If you paid, you should receive the benefits.
Bill
__________________
Bill Kerfoot, WBCCI/VAC/CAC/El Camino Real Unit #5223
Just my personal opinion
1973 Dodge W200 PowerWagon, 1977 Lincoln Continental, 2014 Dodge Durango
1979 23' Safari, and 1954 29' Double Door Liner Orange, CA
https://billbethsblog.blogspot.com/
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10-15-2007, 05:59 PM
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#13
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Rivet Master
1979 30' Argosy
Havelock
, where we park it
Join Date: Jun 2003
Posts: 1,652
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I think you can sign up 6 mo. prior to your 62 yrs. I checked on it a couple years ago. I plan on signing up this winter while we are south and hope there is still something left in November 2008.
__________________
Marvin & Annie
Niki (fur baby)
1979 Argosy 30 (Costalotta)
WBCCI 10103
"Happiness is a warm Puppy" Charles Schulz
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10-15-2007, 06:00 PM
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#14
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bilby05
1962 24' Tradewind
1962 24' Tradewind
Canyon
, Texas
Join Date: Oct 2005
Posts: 264
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Another teacher
[quote=CaddyGrn]SS
A sore point here. California teachers who have fully earned quarters are not eligible to also receive SS.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I don't understand (as usual). I am a teacher in Texas, at the community college level. We opted out of the SS system about 25 years ago, but I have enough quarters, from my pre teaching life, that I can draw SS at 62. Just not very much(based on those quarters and my "other" retirement income.) My "optional" retirement program takes the same amount as SS and the college matches it, invests it and earns a rate that surpasses what SS can do.
Does your system pay into SS based on your income? or does it have an alternative system? Are you refused SS even if you have 40 quarters of credit? Just curious, sounds like you need some help from your Federal representatives. Or maybe already too much help from the Fed?:-)
cheers, bill b.
__________________
1962 Airstream Tradewind
2001 Ford 7.3 Diesel
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10-15-2007, 06:10 PM
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#15
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Rivet Master
Massachusetts
Join Date: Oct 2002
Location: 1964 17' Bambi II
Posts: 4,282
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Quote:
Originally Posted by Happycampers
I think you can sign up 6 mo. prior to your 62 yrs. I checked on it a couple years ago. I plan on signing up this winter while we are south and hope there is still something left in November 2008.
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Lucky you...getting an early start. I think there will be plenty left for you next year.
On a side note, I have to laugh at my father, who has been collecting SS for almost 20 years now -- whenever he calls me he always tells me to keep working so he can receive his SS check.
__________________
WBCCI Region One
Attitude is the only difference between ordeal and adventure
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10-15-2007, 08:00 PM
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#16
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Rivet Master
Tonka Bay
Join Date: Aug 2003
Posts: 770
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Whether you start collecting at 62 or 70 the total amount of money you collect will be about the same through age 78. That's the way the tables are set up. If you live beyond 78 then you will be losing money thereafter.
__________________
Davydd
2015 Sprinter Class B Camper Van
(Former 1971 vintage Airstream Owner)
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10-16-2007, 10:37 PM
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#17
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Rivet Master
1963 16' Bambi
1962 22' Safari
Yreka
, California
Join Date: Mar 2006
Posts: 1,937
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California is just weird...
Quote:
Originally Posted by bilby05
I don't understand (as usual). I am a teacher in Texas, at the community college level. Are you refused SS even if you have 40 quarters of credit? cheers, bill b.
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Bill,
Yes we are refused SS even if we have 40 quarters... except for a very small percentage. We do pay into Medicare, but also pay into a seperate retirement system while teaching. I have sent you a PM with some explanation. Don't want to really hijack the thread on my grumpy thoughts.
By the way, it seems to me that the "full retirement age" changes for folks if they aren't baby boomers... some folks won't reach full retirement until 68 or later! One of the things about SS that really surprises me is what they will and won't pay for! Clearly the choices were made by legislative bodies and not anyone who would ever really have to use Social Security!
Mrs. NorCal Bambi (traveling in S Tardis ~ from the Great State of Jefferson)
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10-16-2007, 10:58 PM
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#18
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Rivet Master
1966 24' Tradewind
Placerville
, California
Join Date: Apr 2006
Posts: 3,328
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I was in the 3rd grade....or still in the 2nd in 1946. I have been collecting my pitance for a few years now. I worked until I was 68. retired is work too. Neil
__________________
Neil and Lynn Holman
FreshAir #12407
Avatar;
Kirk Creek, Big Sur, Ca. coast.
1966 Trade Wind
1971 Buick Centurion convertible
455 cid
1969 Oldsmobile Ninety Eight
455 cid
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10-16-2007, 11:47 PM
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#19
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4 Rivet Member
Currently Looking...
Yakima
, Washington
Join Date: Sep 2006
Posts: 381
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Speaking of "double dipping" how about triple dipping. I know a gentleman who tripple dips. HE is one of the last of his kind tho. He was in the military as an officer for 30 years. When HE retired from the Airforce He got the same job (air crash analyst) working for the federal government. He paid SS on that job. So when HE retired He not only got His Airforce retirement (of course he had been collectin that while working) as a retired colonel, His government retirement as a crash inspector and Social Security. Laws have changed...but HE still brags to us about it. He is well into HIS 80's and the last of the tripple dippers. His retirement income is to kill for..lol.
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10-17-2007, 03:59 AM
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#20
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2 Rivet Member
2007 25' Safari SS SE
Alton
, Illinois
Join Date: Sep 2007
Posts: 75
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Davydd: I know that there is that 62 vs 70 and the break even point is 78 consideration. I am self employed these last 27 years and have had to create my own pension. However I was considering living off stock dividends, Lirps, bonds, Ira and Sep. account withdrawls and investing my SS checks for 8 years (62-70). Would 78 still be the break even point given a modest 5% return since I won't be as aggressive in those years? Neither my Edward Jones Rep. or local Scottrade office knew the answer. It's not a burning question since I have 11 years to go.
Caddygrn: that seems eminently unfair. I do know that Railroad workers don't receive SS since they don't pay SS, they pay into the Railroad Retirement Fund. It works out much better, my dad has been retired almost 14 years and he receives almost 4K a month; far better than Social security would pay. His best friend just turned 62 and he receives almost 6K a month since its tied to best income years eventhough he worked for under my dad for 25 years. Better spouse benefits as well. Perhaps you have a similar situation.
I don't have a problem with military double dipping since it reflects the fact that for years the military is underpaid but have a shorter retirement age. Many of these people are retired in their late 30s and 40s. As I see it a Colonel runs an outfit the size of a large company and a General something the size of a multi-national company and they make peanuts compared to the private sector.
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The "Ann Rutledge"
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