you can begin taking your social security payments starting age 62. you must take them starting age 70.
the amount you get paid is scaled - the longer you wait before taking them, the more money per month you get. They do this w/ actuarial tables. If you know for a fact you're unhealthy (chain smoker, alcoholic, whatever) then you should usually take them early to max out how much you take before you die. If you know you're healthier than average then you should generally delay it to 70.
edit: medicare kicks in at age 65 as well which is arguably more important than social security these days, since marketplace plans for 64-year-olds are expensive af (old people be gettin sick)
While it's true that old people tend to cost more, they also tend to not live terribly long after age 65.
Another huge issue w/ medicare for all though is that medicare is basically a form of price fixing - they determine what they're willing to pay for various services/operations and they won't pay more. Private insurers pay more. Some doctors prefer medicare patients because medicare is more straightforward and fast with their repayments, but they also pay less. Realistically if doctors only got paid what medicare pays for all operations, they'd all need to take a substantial pay cut.
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Post your 401k
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I knew before I opened the comments you'd be in here. Congrats on being the top pizzashill reply guy
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I just want fresh drama, not last week's reheated leftovers![:marseyindignant: :marseyindignant:](https://i.rdrama.net/e/marseyindignant.webp)
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Good drama-baiting is like boiling a frog. It must be done slowly and gradually
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Metashit is the meat and potatoes of the site
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That's your daddy's trust fund, not a 401k.![:smh: :smh:](https://i.rdrama.net/e/smh.webp)
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I would be pissed off if that was in a 401k. Idgaf about being a decamillionaire when I'm 65![:marseyracistgrandpa: :marseyracistgrandpa:](https://i.rdrama.net/e/marseyracistgrandpa.webp)
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Age 65 is required to withdraw funds from an HSA (that are NOT for qualified medical expenses).
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I see
That's still like a million years from now though, I am NOT thinking about it ![:marseyno: :marseyno:](https://i.rdrama.net/e/marseyno.webp)
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67 is the social security age for zoomers right.
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you can begin taking your social security payments starting age 62. you must take them starting age 70.
the amount you get paid is scaled - the longer you wait before taking them, the more money per month you get. They do this w/ actuarial tables. If you know for a fact you're unhealthy (chain smoker, alcoholic, whatever) then you should usually take them early to max out how much you take before you die. If you know you're healthier than average then you should generally delay it to 70.
edit: medicare kicks in at age 65 as well which is arguably more important than social security these days, since marketplace plans for 64-year-olds are expensive af (old people be gettin sick)
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Wasn't that a critique of Medicare for All?
Medicare already absorbs the bulk of medical expenses as it stands, unless you're an unusual person you'll probably be healthy after 16 or so.
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While it's true that old people tend to cost more, they also tend to not live terribly long after age 65.
Another huge issue w/ medicare for all though is that medicare is basically a form of price fixing - they determine what they're willing to pay for various services/operations and they won't pay more. Private insurers pay more. Some doctors prefer medicare patients because medicare is more straightforward and fast with their repayments, but they also pay less. Realistically if doctors only got paid what medicare pays for all operations, they'd all need to take a substantial pay cut.
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fyi the fidelity website doesn't show that "Balances" tab for 401k's
lmao like why larp about this bb
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I didn't say it was a 401k
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