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Rayvt writes,

One did need the money available to pay back previously received benefits and also funds to support themselves while the suspension and re-applying was in process. IMO this is not necessarily one who is extremely well off.

Well, according to my neighbors who are getting SS, this *is* a good description of e"xtremely well off." And this is a solid middle class to upper-middle class area.

Figure it out. Age 62 to 66 = 48 months at approx $1200-$1500/mo = $65,000. To age 70 = 96 months = $134,000.

So, yes, anyone who can write a check for $65,000 to $134,000 is very well off. And very rare.


Maybe not so rare?

About 5 million households in the US have $1 million or more in investable wealth (i.e., the funds you have beyond the equity in your home and the value of any employer-sponsored retirement plan) and 45% of those 5 million households is headed by a retiree.

Someone with a million dollar investment portfolio could surely write a $134,000 check if he thought it was a compelling deal.

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