When To Begin Taking U.s. Ss Payments

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chris49
Posted
Posted

The kids allowance is the Golden Goose of the US SS system.

Mine is lowish as compared to Don above. I worked less years in the USA. $600 USD a month until age 18 with the $600 maintained to the 2nd child even if the first child goes over the age.

Wont anyone in the US wake up to that?

 

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Domino22
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For me like others have said is the health and age thing. Now and hopefully in 21 months I will feel close to like I feel now.I can scuba dive, ride for hours on end, and walk a long way. And I still have the desire to explore around the Philippines. At some point in time I may not want to get off the couch!

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scott h
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Posted
2 hours ago, Domino22 said:

At some point in time I may not want to get off the couch!

Hear, hear, take the money and run I say,,,,as fast as our wheel chairs allow us:hystery:

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davewe
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Posted (edited)
On 9/30/2016 at 10:16 AM, chris49 said:

The kids allowance is the Golden Goose of the US SS system.

Mine is lowish as compared to Don above. I worked less years in the USA. $600 USD a month until age 18 with the $600 maintained to the 2nd child even if the first child goes over the age.

Wont anyone in the US wake up to that?

 

Fortunately for the system, this is still a pretty rare occurrence. My guess, and it's strictly a guess, is that the benefit was devised for the retired grandparent taking care of a grandchild. I doubt they anticipated geezers like me marrying 20-something Pinays :hystery:

This being said, when I went to a Social Security seminar, they called it the "viagra baby option." I felt like raising my hand, pointing to my wife, and saying that viagra was not necessary, but I kept my mouth shut.

Edited by davewe
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chris49
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Posted

Gina is talking about having another child when she's 40. I would be 80.

Crazy stuff. But in the Philippines is actually works. An 18 year extension of $600/month is plenty for them to live on when I'm no longer around.

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OnMyWay
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Posted
8 hours ago, davewe said:

Fortunately for the system, this is still a pretty rare occurrence. My guess, and it's strictly a guess, is that the benefit was devised for the retired grandparent taking care of a grandchild. I doubt they anticipated geezers like me marrying 20-something Pinays :hystery:

This being said, when I went to a Social Security seminar, they called it the "viagra baby option." I felt like raising my hand, pointing to my wife, and saying that viagra was not necessary, but I kept my mouth shut.

I think in the U.S. the children's survivor benefits are probably used more commonly.  They are higher than the normal child benefits and I don't think there is an age threshold for the deceased parent.  E.g., if I croak now at 60 my kids can each get 75% of my benefit right away, not when I am 62.  I am sure many kids collect when a parent dies young, but only until they are 18.

In fact, now I remember my best friend (back then) collected SS from age 17-19 after his dad died.  I think his dad died in his late 50's.

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Nephi
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I moved here to the Philippines at 50yrs old. Started collecting Social Security at 62 and am now 64. Where did the time go? For us, it was pre-planned to start collecting at 62 and has worked good so far. Living here, the SS stops when I die eventually. So the idea is to keep the monthly deposits in the bank for the most part. That will give my wife and kids a bit extra for whatever might be needed or wanted in their future.

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chris49
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5 hours ago, Nephi said:

I moved here to the Philippines at 50yrs old. Started collecting Social Security at 62 and am now 64. Where did the time go? For us, it was pre-planned to start collecting at 62 and has worked good so far. Living here, the SS stops when I die eventually. So the idea is to keep the monthly deposits in the bank for the most part. That will give my wife and kids a bit extra for whatever might be needed or wanted in their future.

The guy next door in a very nice house died at 99. He was a Filipino/American

He was getting SS and a USN pension. Can't pinpoint the exact amount but the last 10 years of his life the money accumulated. We probably won't carry on that long but as we get older our needs might drop a little. Nice to hand over a nest egg and hopefully the kid's will start earning by then.

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Nephi
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Posted (edited)
23 minutes ago, chris49 said:

The guy next door in a very nice house died at 99. He was a Filipino/American

He was getting SS and a USN pension. Can't pinpoint the exact amount but the last 10 years of his life the money accumulated. We probably won't carry on that long but as we get older our needs might drop a little. Nice to hand over a nest egg and hopefully the kid's will start earning by then.

Being able to live here in the islands it really would be great to live that long. Who knows, with the advances in medical ability and medications it just might be possible. Yea, we can't take the $$$ with us and living here there seems to be little need to acquire many items to keep up with the Jones's. That saved amount over the years will come in handy for our wives and children.

Edited by Nephi
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