Author Topic: Benefits of having a family very late in life  (Read 484 times)

Roadrunner53

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Benefits of having a family very late in life
« on: January 12, 2018, 05:44:21 AM »
I think this works out best if the man is older and the woman is younger. Man can collect Social Security at age 62 and his kids and younger spouse can collect Social security too! See this article: https://www.kitces.com/blog/why-social-security-dependent-benefits-for-a-child-can-make-it-a-good-deal-to-start-early-and-not-delay/

Sibley

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Re: Benefits of having a family very late in life
« Reply #1 on: January 15, 2018, 12:32:16 PM »
Yeah, except for the part where you're significantly more likely to have your father die while you're a minor. Money isn't everything.

hdatontodo

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Re: Benefits of having a family very late in life
« Reply #2 on: January 15, 2018, 12:41:39 PM »
My dad had me when he was 47. He lived to 91, when I was 45. My mom was much younger and will be 91 this month, when I'm 57. My dad did get the kid soc sec benefit at 62.

I had my son when I was 47. Having that soc sec child benefit will sway my decision to get soc sec at 62.

It bites from a dating perspective to be 57 with a kid since the women in their 50's have kids getting out of college now and don't want to date someone with a 10 y/o.

MayDay

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Re: Benefits of having a family very late in life
« Reply #3 on: January 15, 2018, 01:31:27 PM »
My dad had me when he was 47. He lived to 91, when I was 45. My mom was much younger and will be 91 this month, when I'm 57. My dad did get the kid soc sec benefit at 62.

I had my son when I was 47. Having that soc sec child benefit will sway my decision to get soc sec at 62.

It bites from a dating perspective to be 57 with a kid since the women in their 50's have kids getting out of college now and don't want to date someone with a 10 y/o.

I had kids younger and no wayyyyyyy would I date someone with a little kid once mine are grown. Kill me now.

Hopefully that is the primary consideration when planning a family though :)
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marty998

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Re: Benefits of having a family very late in life
« Reply #4 on: January 16, 2018, 02:30:37 AM »
I think this works out best if the man is older and the woman is younger. Man can collect Social Security at age 62 and his kids and younger spouse can collect Social security too! See this article: https://www.kitces.com/blog/why-social-security-dependent-benefits-for-a-child-can-make-it-a-good-deal-to-start-early-and-not-delay/

I think it only works that way. Not many women past menopausal age are going to be able to have children without significant scientific intervention...

Roadrunner53

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Re: Benefits of having a family very late in life
« Reply #5 on: January 16, 2018, 04:29:49 AM »
Maybe adoption and I think grandchildren too if the grandparents have legal custody.

Khaetra

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Re: Benefits of having a family very late in life
« Reply #6 on: January 16, 2018, 04:54:09 AM »
My parents had me when they were 45-46 (I was not planned).  They wanted to retire and move to a +55 community but couldn't because of me (I was told, often).  I made the decision early in life that I would not have kids past 30 and made sure once I hit that age I took the steps so it wouldn't happen. 

I won't date a man with young kids.