Social Security Payment Hits First Baby Boomer's Bank Account

[bijou]

VERO BEACH, Fla. —  The nation's first baby boomer received her first Social Security retirement benefit Tuesday, marking another milestone for the post-World War II generation.

Kathleen Casey-Kirschling, 62, was born one second after midnight on Jan. 1, 1946. The retired teacher who lives in Earleville, Md., and Vero Beach applied for her benefits online, and received her payment by direct deposit.

Federal officials at a Vero Beach event to debut a public service announcement lauded Casey-Kirschling's decision to receive her benefits by direct deposit. A video featuring Casey-Kirschling was scheduled to appear on the Social Security Web site later Tuesday.

"Kathy is a trendsetter for her generation," said Jim Courtney, Social Security's deputy commissioner for communications.

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http://www.foxnews.com/story/0,2933,330547,00.html

This is the dawning of the Age of the Rocking Chair...

[Lacarnut]

If she lives past another 15 years, she will regret taking early SS benefits with a lower benefit.

[Chris_]

If she lives past another 15 years, she will regret taking early SS benefits with a lower benefit.

Huh? In 15 years there won't be any benefits left to take.

Anyone under 50 who thinks they will ever see a dime of SSI is a fool.  My retirement plans specifically exclude SSI.  If I get a few bucks, it'll just be fun money.

[Lord Undies]

If she lives past another 15 years, she will regret taking early SS benefits with a lower benefit.

When the time comes, maybe a good mortician can put a smile on her regretful face. 

[Lacarnut]

If she lives past another 15 years, she will regret taking early SS benefits with a lower benefit.

Huh? In 15 years there won't be any benefits left to take.

Anyone under 50 who thinks they will ever see a dime of SSI is a fool.  My retirement plans specifically exclude SSI.  If I get a few bucks, it'll just be fun money.

It will still be there but you will not like the fix; eliminating the cap on income, raising the age and probably increasing the rates. 

[Chris_]

If she lives past another 15 years, she will regret taking early SS benefits with a lower benefit.

Huh? In 15 years there won't be any benefits left to take.

Anyone under 50 who thinks they will ever see a dime of SSI is a fool.  My retirement plans specifically exclude SSI.  If I get a few bucks, it'll just be fun money.

It will still be there but you will not like the fix; eliminating the cap on income, raising the age and probably increasing the rates. 

Not gonna happen. And that "solution" will not work.  The ponzi pyramid will implode long before any of us late Boomers will see a dime.

[djones520]

If she lives past another 15 years, she will regret taking early SS benefits with a lower benefit.

Huh? In 15 years there won't be any benefits left to take.

Anyone under 50 who thinks they will ever see a dime of SSI is a fool.  My retirement plans specifically exclude SSI.  If I get a few bucks, it'll just be fun money.

Yeah.  I'm glad I set up my retirement account when I was 18.  Got over 10k in it right now, and it'll just keep growing.  I'll be 37 when I retire from the Air Force, so between that pension, and the job I pick up afterwards, along with my TSP (which I'm hoping will be in the 6 figure range by the time I start drawing from in), I'm hoping I've got myself set up to make sure I don't need to worry about whether or not I'll ever see a penny of the SS I keep paying.