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Hi folks. I had been on disability but recently got a job. I'm 62 and change almost 63 and when I told Social Security about my new job, well now I'm not going to get the disability I had been getting for awhile and that's fine, I was geared for that. But once I stop getting those benefits, I can have the option of filing for retirement, but it's not going to be the full retirement age.
They sure ding you for that.
I for one feel it's not fair because why wait until you're so old you cant even enjoy the benefits you get!
So with that said, anyone here file for retirement early?
My plan is to retire at 62 and apply for SSN at 63. I am currently 54 and if I end up getting a promotion between 59 and 61 - then I will push retirement back by 3 years for my high 3 years of salary - so say I get a promotion at 61 I will work until 64.
My plan is to retire at 62 and apply for SSN at 63. I am currently 54 and if I end up getting a promotion between 59 and 61 - then I will push retirement back by 3 years for my high 3 years of salary - so say I get a promotion at 61 I will work until 64.
after considering all of the options my plan is to just keep working and put off retiring since I don't want it to get cut so much.
SS pays you for life. If you start collecting before full retirement age you do not pay in what others do and you would be collecting more if you got the FRA benefit.
Yes, I retired in April and will turn 62 in November. But I have been saving like crazy in the years since my daughter finished college in order to be able to afford to do that. If you have been on disability are you in a financial position that allows you an early retirement? Regaining the ability to work seems like a good opportunity to put extra money in savings and build a larger social security check. It sounds like that is what you have decided to do.
I was 64. I retired because I needed eye surgery.
You seem a bit upset about the amount you will get (not the full retirement amount age).
I wish someone could/would explain why a person living in a low-income facility (not HUD) is charged extra rent every year even tho for several years our SS payments did not go up.
I guess it's life. Not much we can do about it. Just something more to accept.
Hi folks. I had been on disability but recently got a job. I'm 62 and change almost 63 and when I told Social Security about my new job, well now I'm not going to get the disability I had been getting for awhile and that's fine, I was geared for that. But once I stop getting those benefits, I can have the option of filing for retirement, but it's not going to be the full retirement age.
They sure ding you for that.
I for one feel it's not fair because why wait until you're so old you cant even enjoy the benefits you get!
So with that said, anyone here file for retirement early?
If you're worried about the SS cut you get when filing at 62, as others will no doubt pipe up and mention, that unless you opt out of health coverage, you will also have to carry your own insurance on top of that cut until you are 65 to qualify for medicare. That turns out to be an important topic here.
I was 64. I retired because I needed eye surgery.
You seem a bit upset about the amount you will get (not the full retirement amount age).
I wish someone could/would explain why a person living in a low-income facility (not HUD) is charged extra rent every year even tho for several years our SS payments did not go up.
I guess it's life. Not much we can do about it. Just something more to accept.
for the same reason all our expenses go up even though we didn't get a raise working . at least ss tracks the cpi , your rent goes up regardless of the cpi when you work .
many low income workers are really the ones on a fixed income . not ss recipients. ss recipients get increases when inflation picks up .
in fact ss recipients get no increase in health insurance unless they get a raise. i could not say that when i was working .my health insurance climbed every year even if no raise
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