My point is to prove that the entire program is a rip off and that Elon and Doge are doing good work. If anyone here is on social security your input will be beneficial. This will all be done off national average and the results will be posted here once done. I hope it helps someone or at least opens minds to how Governments are not good at investing your money. Of the which, I am sure you already know. But this will be shared with libs too. Numbers are facts and do not lie. Thanks in advance.
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Thank you for all the information you've provided. I'm kind of dizzy after reading it.😁 I have a few years until retirement but it's good to know the cap on EI while drawing an early retirement SS check.
If you don't mind working after you start collecting at 62 then I recommend just earning up to the cap. I went over the cap intentionally because of the turmoil. Basically you earn half pay once the cap is reached, but a bird in hand is worth 2 in the bush. The year I went over the cap I worked a lot of OT and had very little Income Tax withheld, this allowed me to stack up some real hard metal money. I also pay bills ahead and stocked up on food.
Very good advice all around and thanks for sharing.