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To: seowulf

“Social security assumes a 40 year work life. The rough calculation for my SS is 33/40 of what I would get if I had worked until 62.”

For me 62 is next year. However, I am in a good job so I am trying for 67. If my company mandates anything, 62 it is.


9 posted on 09/09/2021 7:45:41 AM PDT by EQAndyBuzz (I got the shot. Not because I wanted to. Because I had to, in violation of my civil rights.)
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To: EQAndyBuzz

Whatever you do, please don’t forget to check what your monthly SS benefit amount is if you were to take it early, vs. waiting to reach your full retirement age (FRA). You CAN start SS at 62, but the monthly payment is reduced significantly. ALSO - remember that you don’t qualify for Medicare until 65, so you’ll have 3 years to cover health-care insurance on your own.

None of this is to say you shouldn’t retire early. Just make sure you consider all of the financial impacts.

Scott at Heritage Wealth Planning has a TON of videos describing different strategies so, in addition to watching this one from 2019, review his others as well. You’ll learn a lot!


14 posted on 09/09/2021 7:54:46 AM PDT by Be Free (When guns are outlawed, only outlaws will have guns.)
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To: EQAndyBuzz
For me 62 is next year. However, I am in a good job so I am trying for 67. If my company mandates anything, 62 it is.

I just couldn't take it anymore and I could see the vax mandates coming; left as soon as I was eligable along with lot of others I had worked with 30+ years. I hear they're having a rough time back in the lab I worked at.

21 posted on 09/09/2021 8:05:56 AM PDT by seowulf (Civilization begins with order, grows with liberty, and dies with chaos...Will Durant)
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