06-09-20, 03:22 PM | |
Exchange Moderator
Join Date: Feb 2002
Location: PalmTreeVille
|
also - shop around regarding Medicare coverage. apparently, there are a number of authorized medicare plan "dealers" with different packages. If you have medical coverage in retirement from your employer or your spouse's employer, you'd need to coordinate coverage with your medicare plan to optimize your benefits.
__________________
~jeannine Miyagi: Wax on, right hand. Wax off, left hand. Wax on, wax off. Breathe in through nose, out the mouth. Wax on, wax off. Don't forget to breathe, very important. [walks away, still making circular motions with hands] ~ Pat Morita, The Karate Kid, 1984 disclosure: in the years 2002-2004 i had a professional relationship with a distributor of fitness videos; see profile. |
06-09-20, 04:39 PM | |
Join Date: Dec 2006
|
Oh, as others have noted, you will have to pay for health insurance yourself, if you retire before 65. Currently, I pay close to $900 a month for health insurance. When I hit 65, that will drop a bit (right now it looks like it might be cut in half—but I'm still two years out), so I'll be getting a little raise then.
|
06-09-20, 04:48 PM | ||
VF Supporter
Join Date: Oct 2001
Location: Twin Cities, MN
|
Quote:
|
|
06-09-20, 05:20 PM | ||
VF Supporter
Join Date: Dec 2003
Location: NA
|
Quote:
Either that or I need to consider a different field or something....need to figure it out I guess. To the OP, I would crunch the numbers as others are suggesting and see if you can pull it off. Good luck.... |
|
06-09-20, 05:29 PM | |
VF Supporter
Join Date: Oct 2008
|
Am I the only one confused about how you can make more money taking social security than when working? My DH will make so much less I fear I will have to get a job to cover my insurance (I'm younger than he is.)
__________________
Jumping for joy is good exercise. |
06-09-20, 05:48 PM | ||
Exchange Moderator
Join Date: Feb 2002
Location: PalmTreeVille
|
Quote:
create a social security account so that you can make sure they're tracking all of your wages that you're currently earning. your account will also allow you to project how much you will get depending on when you begin to take distributions. past earnings will dictate what you will receive. someone might be at a lower salary job compared to the past, which may explain why SS distribution is more than the current salary. not sure i understand your last sentence, but if you're married, one of you would have to work until 67 in order to maximize your SS distributions. if he is still working and you can be covered on his medical, check to see what that would entail by having his HR department assist you with that.
__________________
~jeannine Miyagi: Wax on, right hand. Wax off, left hand. Wax on, wax off. Breathe in through nose, out the mouth. Wax on, wax off. Don't forget to breathe, very important. [walks away, still making circular motions with hands] ~ Pat Morita, The Karate Kid, 1984 disclosure: in the years 2002-2004 i had a professional relationship with a distributor of fitness videos; see profile. |
|
06-09-20, 06:30 PM | |
Join Date: Sep 2016
|
Thanks everyone for all the great suggestions and tips. I am going to have to weigh the pros and cons of this for awhile. I am sure I'm going to be going back and forth on this. One thing I really want to do is go to the eye doctor to get a new pair of reading glasses and a new pair of contact lenses. When I called my doctor's office I found out they are still closed.
No matter what, I am not working past December. I also work with someone that I cannot stand ….. so looking forward to never seeing that face again. And of course the boss is friendly with her which is so wrong. |
Tags |
career, career advice, coronavirus, covid-19, job application, retirement |
|
|