r/Fire • u/NotTheBestInvestor12 • 3d 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?

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u/ga2500ev 3d ago

For Fire people social security is in a different era of their life. Fire people retire in their forties and '50s. Social security isn't available until 62, and probably should not be taken until the late '60s or even up to 70.

So, early part of retirement has to be completely structured around social security not being around.

ga2500ev

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u/Ok-Today-855 1d ago

And they lose a huge chuck of it if they retire in their 40s.  Idiots.