Think about it. If you start collecting at 62 you may be collecting $1,600 per month. If you waited till 66 it would be $2,000.00 per month. If you start collecting at 62 you would have collected around $76,800 by the time your 66 (Roughly 4 years). If you wait till your 66 it will take you 192 months to make up the $7...more

Kfox is correct. My sister collects over $1,100 per month on SSD. She is quite capable of working however sits on her butt collecting off my fathers account. There are far more of those collecting then you think. I KNOW two of them!

FYI My sister never paid into the social security system and collects $1,100.00+ a month on my fathers account. So yes you can collect and not pay into it. She will be paid this for life and never have to work a day in her life!

Funny how you don't say how much your household income is and where in the country you are living.

Kraftygirl,   Can you define what your "means" are? People try to live within their means however the scales are being tipped every year against them. there is a reason why the middle class is shrinking and it is the change in economy.   Lets think of it this way. in 2008 gas was $1.85 a gallon. it is now $3.70 a ...more

Just stop and think why the seperation between the rich and middle class is growing at breakneck speed!    LOOK OUTSIDE YOUR WORLD!!!

Jan, I am glad for you in one way and sad to know you cannot look outside your world and see what is going on. I too am fortunate to be able to save that amount plus a year. I am 57 years old!!! however i CAN look beyond my world and see that today our children have it much harder then we did. I have two children i...more

These articals are so out of touch. Written by the elite and out of touch with the Middle class.   With the average household income at around 60K it IS impossible to save $10,000 a year unless you are living at home rent free. Your take home pay is something close to $50,000. With Monthly bills: Mortgage payment of...more

STOP including the house as part of retirement. You need somewhere to live. If you dont live in the house you have then you moved to a different one. If you are in a huge house and down size you do have some equity and less monthly costs but nobody knows what those savings are. Plan retirement on 401, social security a...more