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would retire early and work pt or work full time to age 66 where you get the full SS retirments benefits. Assume your spouse is still working full time and you have no bills and mortage paid off.
I feel that if i can afford it I would have a little more quality of life, still keep busy, but not go through the drugery of full time work. as women live longer than men. I know people who worked to 66 or 68 and died 2 years later.
I've considered that my parents and grandparents lived into their late 80's, and I expect to do that, too. So I'm working until my full retirement age because I want to be involved, I can still do it, and the extra $$ difference will make a difference to me later.
A lot of people I know have taken early at 62, but they usually have some other pension to suppliment social security, but I don't.
When I turned 62 this year, wife and I agreed that I should go for my Early Retirement since I was unemployed with no more money coming in from my side (my unemployment bene was used up). She works a full-time job with great bene's. I currently looking for a part-time job, but even finding a part-time job isn't easy here!
This is kind of what we do already. My job does not require 40 hours a week, but the wife's does. So I pick up most of the household chores, and my handicapped son helps out also. This makes it easier on both of us, as she then does not have the demands of domestic chores on her on the weekend or evening. It makes life more relaxing.
Right now the plan is for the wife to retire at 65, take her SS, while I keep working for a few years. It will free us to do some more traveling, before we both fully retire, and I can delay taking SS so that my payout is higher.
would retire early and work pt or work full time to age 66 where you get the full SS retirments benefits. Assume your spouse is still working full time and you have no bills and mortage paid off.
I feel that if i can afford it I would have a little more quality of life, still keep busy, but not go through the drugery of full time work. as women live longer than men. I know people who worked to 66 or 68 and died 2 years later.
Maximum benefits are at age 70. They go up quite a bit from 66 to 70.
True, you are correct, however even the govt considers 66 retirement age ( going up depending on date of birth)
I have never heard of a person retiring at 66 and being told.............." you took an early retirement "
You get maximum military benefits after 30 years, but I have never heard of a 20 year retiree being labeled as taking " early retirement "
Matter of perspective. Full to me is the largest amount possible . To others perhaps less. Interestingly my old neighbors visited us the other day while heading South. They have been retired longer than us and are both taking at 70. The discussion included maximizing by taking at 70 vs 62/70. I have heard military retired officers talk about early so they could do a second career for 20 more. It is usually in the context of maximizing your retirement strategy.
True, you are correct, however even the govt considers 66 retirement age ( going up depending on date of birth)
I have never heard of a person retiring at 66 and being told.............." you took an early retirement "
You get maximum military benefits after 30 years, but I have never heard of a 20 year retiree being labeled as taking " early retirement "
I think one discussion is full retirement AGE vs Full Retirement BENEFIT. I was referring to benefit.
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