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Old 06-16-2019, 11:18 AM
 
Location: NE Mississippi
13,650 posts, read 8,569,484 times
Reputation: 19863

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Quote:
Originally Posted by hunterseat View Post
I really love work and may not be ready to retire at 62. Otoh, I might feel differently in 3 1/2 yrs.
And you might feel a LOT differently if your situation requires that you shop for health insurance at age 62.
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Old 06-16-2019, 11:45 AM
 
486 posts, read 110,045 times
Reputation: 1091
Quote:
Originally Posted by Listener2307 View Post
And you might feel a LOT differently if your situation requires that you shop for health insurance at age 62.
It's not that bad if you plan for it. ACA with a low enough MAGI and you get a subsidy which makes health insurance affordable. Assets and bank account balances don't count for ACA subsidies.
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Old 06-16-2019, 12:49 PM
 
42 posts, read 9,508 times
Reputation: 126
I’m seriously considering filing at 62 next fall. I’ve been unemployed since fall of 2016 and my wife works in a modest job. I’m covered by VA for all MY health care needs and my wife ended fully subsidized in 2018. We were refunded all her ACA monthly subsidized payments due to our income. We are not hurting the least bit and haven’t even considered using our investment accounts at all.

Is it a fact that once I start SS that she can file, she’ll be 57 when I file, she can file for my half? I’m a little confused in that regard. If she does file, do I still get my full amount at the 62 filing rate?

I would appreciate some info in that regard. Thank you in advance.
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Old 06-16-2019, 12:51 PM
 
71,515 posts, read 71,694,121 times
Reputation: 49088
No , she cannot file at less then 62 and if she has her own record she has to file for her own benefit first .then when you file if half your full is more than her full they add the difference to her benefit ...

You do not get your full amount until you are fra ... if your wife files early then any spousal is added to her early benefit .. it will always be less than half
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Old 06-17-2019, 08:34 AM
Status: "Be yourself. What's the alternative?" (set 17 days ago)
 
8,681 posts, read 10,836,637 times
Reputation: 12728
Quote:
Originally Posted by jmp61616 View Post
I don't think people realize what getting older can be like. Both my parents passed at 85. Dad - eyesight almost gone, stint in his heart, could not drive, no short term memory. Mom - eyesight almost gone, A-Fib in heart, dementia, and passed in assisted living. So all the math geniuses about social security and getting every dime - remember, by the time you get the extra money you might not be in any shape to enjoy it.
Isn't that the truth? Sorry what you had to go through.
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Old 06-17-2019, 08:42 AM
Status: "Be yourself. What's the alternative?" (set 17 days ago)
 
8,681 posts, read 10,836,637 times
Reputation: 12728
https://www.usatoday.com/story/money...nned/39453355/

Most people retire earlier than they had originally planned. I can understand that. At 45, you think you can go quite a few years more, at 55 you think you might be able to, bu at 65 you know da*n well you can't.
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Old 06-17-2019, 08:50 AM
 
Location: SoCal
13,216 posts, read 6,313,926 times
Reputation: 9827
I somehow know a lot of healthy geezers out there, of course they are out there playing pickleball everyday. Some of these geezers have been retired 20 years at least, they are around 84-85, they still beat me at pickleball. Some geezers have moved over from years of playing tennis. The tennis people threw a party for these geezers when they finally quit playing at 90 and 92. My brother’s FIL died at age 98, he’s tennis player for years. Maybe it’s best to keep moving, you’ll live longer.
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Old 06-17-2019, 08:58 AM
 
71,515 posts, read 71,694,121 times
Reputation: 49088
one of the reasons we all know and can remember so many retirees who died fairly young is there is so few of them relative to those who are living ... i could never name all those of my peers still alive , but i can rattle off a lot of the dead .. there really are not many

Last edited by mathjak107; 06-17-2019 at 09:40 AM..
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Old 06-17-2019, 09:24 AM
 
Location: Rust'n in Tustin
2,188 posts, read 2,381,850 times
Reputation: 3859
Quote:
Originally Posted by jmp61616 View Post
I don't think people realize what getting older can be like. Both my parents passed at 85. Dad - eyesight almost gone, stint in his heart, could not drive, no short term memory. Mom - eyesight almost gone, A-Fib in heart, dementia, and passed in assisted living. So all the math geniuses about social security and getting every dime - remember, by the time you get the extra money you might not be in any shape to enjoy it.
Exactly, a bird in the hand...

Me having extra money when I have no ability to spend it, doesn't do me any good.
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Old 06-17-2019, 10:02 AM
 
Location: DFW - Coppell / Las Colinas
31,988 posts, read 36,621,015 times
Reputation: 38595
Really wish a Mod would create a sticky on this subject. It's discussed so much and the advice repeated often it's one of the main concerns and topics in this Forum.

Lot of good advice here that should not die but hang around for others to see. A sticky would might help cut down on Mathjak having to retype so often.
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