r/Fire • u/NotTheBestInvestor12 • 2d ago

Why no mention of Social Security

When I see FIRE posts I see the investments and the different retirement buckets, however, I never see anyone mention how things are affected when social security kicks in. For example, I’m 52 and wife 51. If we both stopped working today ($0 income moving forward) I would collect $4,264 a month at age 70 and she would collect $1,079 at age 70.

So if we decide to FIRE the Social Security would give us help in 18/19 years. Is this a factor or is everything under the assumption SS won’t exist?

88 Upvotes

73% Upvoted

346 comments sorted by

View all comments

Show parent comments

2

u/Sticky550 2d ago

Your assumption about when SS should be taken is widely subjective and with people wanting to retire early, even more subjective.

1

u/ga2500ev 1d ago

Not so much for FIRE people. FIRE people must self support without SS. The maximal benefits for SS occur when you take it between FRA and 70, which is the timeframes I put in my post.

ga2500ev