Quote:
Originally Posted by wiredgeorge
A couple of big negatives regarding retirement is if you retire and go on social security at 62, the government caps the amount of money you can make till 67. Why? I paid into my SS account and when they make payments to me, it isn't an entitlement or some sort of charity. The other negative about retirement is trying to figure out Medicare. By the time folks hit the age to go on Medicare they will need some expensive drugs and such and the folks screaming TV ads for their "advantage" plans with free everything fail to mention only in-network doctors, the need for referrals for any doc beyond their primary care doc and the DOUGHNUT HOLE. Figuring out the best Medicare options is about as confusing as this ol' boy can stand.
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Quote:
Originally Posted by wiredgeorge
A couple of big negatives regarding retirement is if you retire and go on social security at 62, the government caps the amount of money you can make till 67. Why? I paid into my SS account and when they make payments to me, it isn't an entitlement or some sort of charity. The other negative about retirement is trying to figure out Medicare. By the time folks hit the age to go on Medicare they will need some expensive drugs and such and the folks screaming TV ads for their "advantage" plans with free everything fail to mention only in-network doctors, the need for referrals for any doc beyond their primary care doc and the DOUGHNUT HOLE. Figuring out the best Medicare options is about as confusing as this ol' boy can stand.
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George,
Well I turned 66 (FRA) four years ago and at that time started drawing my SS. At that time we still had a mortgage of sorts and I figured if I compared my trade off of working until 70 without drawing my SS, I may be dead before I made up the difference. So I took it a FRA and used it to pay down our debt so we're debt free at 70 when I retire. The interest $$$'s saved in the mortgage alone was more than if I had waited to draw at 70.
My wife took early at 62 and we were both covered under my work insurance policy. When I turned 65 and "could" go on Medicare, the company paid my Part B and Plan F supplemental for the health insurance and also Part D for drugs, although I only take one pill for cholesterol. They did the same thing for my wife when she turned 65.
So at 70 I'm getting a bit nervous about retirement. I'm sure that I can find one of my many vehicle projects will keep me busy. But at work I had the run of the shop after hours with their water jet and all of their welding and metal fabbing equipment etc. So I'll have to use my home equipment now and make do with a bit less convenience in a few places. They say I can come back and use the stuff, but it won't be as convenient.
Thanks for the encouraging words. I'm sure traveling for the next couple years will help take my mind off of work...
