And if you are registred with the Individual Retirement Account (IRA) you have a reasonable number of times you make distributions. The age requirement for that is 70 years old. I honestly feel as though that it shouldn’t be a age requirement because its your money and you may want to keep putting money in for your family to have once you pass away or maybe even distributed to your grandkids college tuition. To make matters worst withdrawals shows up on financial statements as income so that means more income the more your social security will be taxed. So its like you are working and making a decent amount of money to stash away and it's getting taking away more because you made withdrawals. It's a good way to actually save your money and helps with budgeting so you should only take out when you are in a real bad situation.For the majority of people, they'd be better off if they set the same amount aside that is taken in taxes and instead invest in long term safe investments. The whole system is a sort of pyramid scheme and depends on enough money coming in to match the amount getting paid out. It wouldn't be a big deal except for the third Con below. Too many people are getting benefits of social security without really having paid their fair share in. The system was never intended to equalize wealth. It was supposed to be a way for people earning money to set some aside and then take it back out during