62 and what to do?

[Chet Rugg]

62 years old !!  TODAY
In all honesty I don't know how I made it,
 :Beating_A_Dead_Hors e_by_liviu

[sib]

Celebrate your youth by riding.  I STARTED riding at 71, and have thoroughly enjoyed the last 4 years.

[guzzisteve]

Happy Birthday Chet!! I know the feeling. Sign up for SS and start getting your $ back. Good reason to have a shot of whiskey. I'll raise one to you today.  Never thought I would make it either but here we are as Seniors.

[Lannis]

Happy Birthday Chet!! I know the feeling. Sign up for SS and start getting your $ back.

All the "advisers" including the SS Administration will tell you to wait till 66 or 70 to start collecting, but I say sod that for a game of soldiers.   Even if all went well, I wouldn't "break even" on the later draw until age 79 or so ... and who knows what might happen between now and then?    I hit your age in June and will start drawing in January coming up, on the well known principle of "Get it while you can!"

62 is the new 42 anyhow.

Lannis

[jcctx]

HAPPY B'DAY~ they will come faster now!!

[Two Checks]

Problem with drawing s at 62 is after about 15k of income they start deducting $1 for
every $2 you earn. After full retirement age you can make as much as you want without penalty.
Do your researh. I have been looking at it since I turn 62 next year.
Happy birthday!

[Lannis]

Problem with drawing s at 62 is after about 15k of income they start deducting $1 for
every $2 you earn. After full retirement age you can make as much as you want without penalty.
Do your researh. I have been looking at it since I turn 62 next year.
Happy birthday!

Income?  INCOME?  The whole reason for retiring was to quit worrying about "earning income".   Living off the fat of the land, courtesy of working guys like our Dillw, is my plan ...

Lannis

[oldbike54]

62 years old !!  TODAY
In all honesty I don't know how I made it,
 :Beating_A_Dead_Hors e_by_liviu

 Neither do most of your friends 

 Happy birthday Chet 

 Dusty

[Chet Rugg]

Already signed for SS first check November.
No work today for sure.
I bet some of you know where Chets going today?

[Jim Rich]

Happy BD Chet.  The goal is to become a mellow senior citizen and not a cranky old fart.

[rocker59]

Happy Birthday Chet !!!

[craigclu]

Happy BD Chet.  The goal is to become a mellow senior citizen and not a cranky old fart.

Just keep those damn kids off your lawn!!

[Gliderjohn]

Happy BD Chet! I recently turned 61 so just behind you.
GliderJohn

[twhitaker]

"If I had known I would live this long I would have taken better care of myself."

[Rotten Ralph]

Problem with drawing s at 62 is after about 15k of income they start deducting $1 for
every $2 you earn. After full retirement age you can make as much as you want without penalty.
Do your researh. I have been looking at it since I turn 62 next year.
Happy birthday!

It really depends on your needs. If you like your job (I did) and want to work for several more years (I did) then wait until 66. I started collecting at 65 and 4 months 11 years ago while working full time. Didn't really need the extra money then so it all went into investments.

As I said, it all depends on your situation - there is no one simple answer.

[twowings]

 Retire!  I did at 62 and it's great....

Many happy returns of the day!!

[Dilliw]

Income?  INCOME?  The whole reason for retiring was to quit worrying about "earning income".   Living off the fat of the land, courtesy of working guys like our Dillw, is my plan ...

Lannis

 

I'll be working until I'm 79 just to take care of you old farts...

[JJ]

62 years old !! 
In all honesty I don't know how I made it,
 :Beating_A_Dead_Hors e_by_liviu

Happy Birthday Chet!  ...and welcome to the "Guzzi Geezer Club!" (LOL) Go out...do something FUN...and enjoy the day! :1: 

I turned 62 in August...still working full-time (sadly), still riding...and still enjoying life!

[drw916]

Biggest concern for me at 60 is how to pay for Medical.  Not eligible until 65 for medicare, and current pricing through the (not so) affordable care act is about $1000 a month for my wife and I.

What am I missing?

[Gliderjohn]

I am retired but still in my previous employer's insurance pool. With dental it runs about $1,300 a month, still better than I could do on other plans. I have no other payments however so that helps to cover medical.
GliderJohn

[Shorty]

Biggest concern for me at 60 is how to pay for Medical.  Not eligible until 65 for medicare, and current pricing through the (not so) affordable care act is about $1000 a month for my wife and I.

What am I missing?

HAPPY BD, CHET!This.   Wife is 4 years younger. I'm working til 66  (another year and a half), Lord willin, so she can stay on my employee health care. Then she will be 62, and we can use her SS $ to buy her whatever health care plan is still available. That is unless the new contract at work includes an early out buy out. Possible but not holding my breath.

[Lannis]

 

I'll be working until I'm 79 just to take care of you old farts...

And don't think we don't appreciate it.  Every single morning, sitting on the patio drinking coffee and trying to decide what to do today, I think about you and say "Man, I'm glad these guys are still funding my social security and pension!"

Good work!

Lannis

[LowRyter]

Congrats and welcome to the club.

[Arizona Wayne]

Well I got lucky(kinda) and have yet to tap into my SS @ 73 years young.  But retired from work @ 54 yo.   All I had to do is fall off a ladder 14' up at work, crack my skull, and end up with a 100% disability for life.    Been retired for 19 years so far.     Before my injury I didn't know if I'd ever really have a retirement.  Some times life moves in strange ways.

You guys waiting many years before you plan to retire.  You're assuming you are going to iive a long life.  I saw a guy who died before he received his 1st retirement check.   

[BillinPA]

Happy Birthday Chet!!!!! Many happy miles in your retirement

[nick949]

Retirement - the best way to get old, fat and useless  - at least, that's how I comfort myself.  I turned 65 last month with no hope of getting out of the harness in the distance .  Still, can't complain, it's a light yoke (to extend the metaphor) and it keeps me healthy enough to ride.

Nick

[Sasquatch Jim]

  Enjoy your youth Chet, it only comes by once..

[Tom]

Congrats!  Happy Birthday and Aloha from the middle of the Pacific. 

[LowRyter]

Retirement - the best way to get old, fat and useless  - at least, that's how I comfort myself.  I turned 65 last month with no hope of getting out of the harness in the distance .  Still, can't complain, it's a light yoke (to extend the metaphor) and it keeps me healthy enough to ride.

Nick

retirement has given me time to go to the gym and attempt to get healthy.  I've lost a few pounds, gained some tone, and have dropped some meds.  I've got a long ways to go but I haven't felt better in many years.  Time to ride, to go to movies, eat out, grill, take vacations......

[Tom]

Retirement ain't what it's cut out to be......   Gotta find something else to occupy your time.  Sell everything and hit the road.