I did not miss that statement, which is why I stated that you are incorrect. You are still incorrect. People are not eligible to collect SS until they are 62 (or meet disability requirements). That is not a requirement for survivor benefits for children.
November 20, 2024 at 1:30 PM
I did not miss that statement, which is why I stated that you are incorrect. You are still incorrect. People are not eligible to collect SS until they are 62 (or meet disability requirements). That is not a requirement for survivor benefits for children.
If you die before you're eligible, there are still survivor benefits for spouses and remaining parents of children if you've met work requirements. Anything they don't get goes to another retiree, not the government.
November 19, 2024 at 1:03 AM
If you die before you're eligible, there are still survivor benefits for spouses and remaining parents of children if you've met work requirements. Anything they don't get goes to another retiree, not the government.
I'm not advocating for or against any particular investment strategy, but funds like ss and older style db pensions assume lower growth and invest in high quality, low risk assets for a reason. Hell, even insurance companies are required to keep a majority of their claims reserves in similar funds.
November 17, 2024 at 12:14 PM
I'm not advocating for or against any particular investment strategy, but funds like ss and older style db pensions assume lower growth and invest in high quality, low risk assets for a reason. Hell, even insurance companies are required to keep a majority of their claims reserves in similar funds.
That relies on riskier investments in the market, which could also lose you everything in the event of a market crash. The ss fund takes less risk, which makes less but has lower risk of loss.
The ss fund is also meant to be only a backstop. It is serving its purpose.
November 17, 2024 at 4:02 AM
That relies on riskier investments in the market, which could also lose you everything in the event of a market crash. The ss fund takes less risk, which makes less but has lower risk of loss.
The ss fund is also meant to be only a backstop. It is serving its purpose.