Cattle

[M5farms]

To each his own. But your money will come back with strings and a keys to your property freely given the local ascs usda office and you better hope there is not anything there that is out of whack with the EPA and water conservation or improvements not listed on property taxes. NOTHING IS FREE .

 

[prof fate]

What animal grows to 2k in a year or even 18 months??????

A steer can gain 1.5 to 2lbs a day - and if you start with a 400-600 lb one you'll be around 1600lbs in 18 months or so.

 

[prof fate]

SS was/is a pay as you go system - those working today and paying are paying for those that are collecting today. it's not a savings program, though there were surpluses built in to cover the baby boomers..which got used for other things.

Also, when setup it was assumed you'd live to 75 or so - and if you collect more than 10 years you get back more than you paid in.

It was never meant to be a retirement plan, but to keep folks from being destitute in their old age or if injured or widowed with kids.

I don't know what people did for retirement 100years ago - probably lived with their kids or died. Health care wasn't what it is today - besides medicines you can get transplants, treat diabetes, dialysys, treat cancer, etc. I read recenlty that before WW2 1 in 7 people on earth died of TB. It's pretty unheard of now.

I have SS and the equity in my house..little else. "Retirement Savings" has been earning an avg of 3.1% for the past 25 years..and inflation has averaged 2.6%...so 1/2 of a percent gain...that won't pay for much if I live into my 90s like my grandparents did.

I would be happy if I could forgo everything I have ever paid and never pay in another dime as the program was designed to be voluntary. I do not plan on there being any money available in 15yrs when I am 65 . At that point I will evaluate where I am and the total I have paid in and make a decision from there.

 

[prof fate]

Or you can work till your 70 - your SS payment will go up about 7% per year for those 5 years.

It's a gamble, like most things in life - how long you plan to live? Since 3 of 4 of my grandparents and my aunt all made their 90s, I'm gonna need all the income I can get!

You don't have to wait until 65. You can take at 62 if you wish.
Just wondering if you will accept it since it will be a government hand out /charity ?

A SS pay out is no different than any other government pay out.
SS was put there to be paid out, just like the other government pay outs

If you would rather see them give money to all these other countries, illegals, etc, instead of taking your share is fine with me.
If you don't take what you have paid, Some other country, or illegal, etc, sure will

You can bet I'll take my SS in a couple years.

As far as it being charity. They took my money from me without my consent. If they give my money back to me, how is it charity ?

 

[kenmac]

Or you can work till your 70 - your SS payment will go up about 7% per year for those 5 years.

It's a gamble, like most things in life - how long you plan to live? Since 3 of 4 of my grandparents and my aunt all made their 90s, I'm gonna need all the income I can get!

Financial advisor advises to take the money at 62. said if you wait, you'll have to live xxx number of years to make up what I didn't take


I sold my business and retired four years ago. I'm taking my charity as soon as They'll let me have it :laughing:

 

[prof fate]

I haven't met a financial advisor yet that has been able to back up what he says. Not a one.

And this says to wait till 70 for most folks... If you can’t wait until 7, this is the next best age to claim Social Security benefits

And 62 vs 65 the difference is 30% less - forever. So 1000 at 65 is 700 at 62. The 3 years in between at $700/mo is 25,600. To earn that back if you start collecting the full 1000 at 65 is 7 years. BUT you're still working...so it's not like you're destitute.

If I'm to live to say, 81, the avg I suppose these days, I'll get 19 years at 700/mo or 16 years at 1000/mo - $159,600 vs $192,000. Since most of my ancestors lived to 95 (or more) odds are pretty good I will too, short of disease or accident (and at 57 i'm healthy - never spent a night in the hospital yet) - 65 gets me 30 years, $360,000. 62 gets me $226,800.

Should I live to 95 and work to say, 68, 3 extra years, I should get a total of $421,000 - 20k a year more total benefit for each add'l year worked. I can't save that much per year.

There is no guarantee of how long you'll live of course. But then life is a gamble - how much have you paid in insurance premiums for car, home, life, health, etc vs how much have you collected? Unless I do fairly soon my term life insurance payments were a totally bad bet. I'm way behind in the car world, maybe even in the homeowners world, and woefully behind in business insurance premiums vs claims.

Financial advisor advises to take the money at 62. said if you wait, you'll have to live xxx number of years to make up what I didn't take


I sold my business and retired four years ago. I'm taking my charity as soon as They'll let me have it :laughing:

 

[Clint S]

A steer can gain 1.5 to 2lbs a day - and if you start with a 400-600 lb one you'll be around 1600lbs in 18 months or so.

So start with an animal that is 1 year to 18 months old and grow it to 1600 in another 18 months. Sounds like a 3 year plan to me. 1600 is not 2000 either. OP stated calf to 2k in 18 months and based his math on that weight and time.

 

[two_bit_score]

So what is the best weight to take a steer to the butcher? I was always under the impression 750-1000 lbs would be best range. What do the experts say?

 

[robbyr]

 

[kenmac]

So start with an animal that is 1 year to 18 months old and grow it to 1600 in another 18 months. Sounds like a 3 year plan to me. 1600 is not 2000 either. OP stated calf to 2k in 18 months and based his math on that weight and time.

I don't think I said take a calf to 2 k in 18 mo. I intend to purchase a 300-400 # calf and hope to get it to 600# in about 7 months