Retirement shatters your world

[greybeard]

retirement don'ts

been retired 8 yrs. Some observations-Don't call your wife who works and who loves to fish from the lake at 10 in the morning with the great weather report and the you should be here fishing report. Only did that once. DO NOT move anything in the house because you know a better way or better place unless you want to find out what a moron you really are. You will never be able to make a bed right. Never buy furniture on your own. your wife doesn't want to hear about the conversation you had with the nice young lady down the street. Always be there when your wife gets home from work with a cocktail and a shoulder rub

 

[BLUEKNIGHT911]

I AGREE ----PLUS THIS

For those who may not be aware here are some notes about retirement and Social Security.

Full retirement age (FRA) is currently 66 and in 2020 begins a six year rise to 67. You can still start your SS benefits at 62 with a 25% permanent reduction. Your benefit will be reduced if you have earned income above a threshold level between 62 and FRA. After your reach FRA you can earn any amount without a reduction in SS benefit. But here's one many people misunderstand. Your SS benefit becomes taxable income if all your other income exceeds a threshold. SS is not 100% tax free income.

Medicare coverage begins at 65. It can be delayed only if you are covered by an active employee insurance plan. There is a big difference between original Medicare and Medicare Advantage plans. Review them carefully. The MA plans are not always the best choice. Original plus medigap insurance may be better for you.

:agree: .... and do the math on not starting your benefits at 62 and waiting for whatever age you think you will retire. I did for myself until age 70 that = 8 yrs ...... If I didn't receive any SS for 8 yrs and started receiving at 70 .... it would take me until I was - 82 ,( 12 yrs ) just to BREAK EVEN and start to actually get a benefit from waiting ....... and the whole TAX thing wasn't included in this calculation..... If I'm alive at 82 it will be a MIRACLE............. I seriously think the Gov't. pushes this WAIT thing because they figure a lot will die before the person actually begins to BENEFIT from the wait......... jmho ...... but do the math for yourself, don't take my word for it........ Mike :thumbup:

 

[Buckeye Bleau]

Retired last summer for the second time (22 years Army and 20 years Federal Gov't) and my wife still works. Having a great time with Spyder rides, volunteering at the Anderson Orthopedic Center and Walter Reed South, travel around the country and Europe - what's not to love

I salute and thank you for all that you have done. God Bless and keep you.:firstplace:

Joe

 

[Leeallen1111]

Thanks Joe


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