Pellet heads!! What's up today?

well, im at the age now that I can collect SS and work as many hrs as I want..
I deliver auto parts now and do 36- 44 hrs a week.. time/half for over 40..
supposed to be retired with a part time job? easy gig drivin there cars local and listenin to radio.
I got antsy after couple years so back in the work force I guess..
not crazy bout paying into SS of which I won't acrue for myself I assume but guess it will help pay others down the road.

 

Same here but I'm still working full time.

 

Always great to get an extra day off!

 

You guys are killing me. I get 3 weeks vacation, and 1 "floating holiday" that are use or lose. I have a hard time using them and certainly can't take a week off at a time.

I also get 9 holidays and we shut down for a week at Christmas (two days holiday and 3 paid). Well, in theory except when I have to go in and create a 350 page report because it is due at the end of the year and the person that was responsible wasn't responsible enough to do it.

Being salary means I have to get my work done regardless if I am on vacation or sick or it takes me 80 hrs/week (I usually put in 10-11 hours/day anyway) - and there is no one that can, do what I do - and no one is willing to learn. Oh, and they just handed me more stuff to do since someone retired (because, ya know, all my free time and all - wouldn't want me to be idle ).

 

I thought I read that there was an "adjustment" made if you worked & still contributed to SS after you started collecting?

 

Sounds awfully familiar. Just wish we had a shut down so that I could actually get a real vacation-oh wait you work through that too. I would likely find a way to work through a shut down as well. Sigh......

 

I spent the majority of my working days in construction...
Then, as some places now... that meant zero bennies!
Holidays were unpaid... sick days were frowned upon...
Vacations.... what??

Then I went to work for a large computer company.
They paid for just about everything except groceries..
When things had to be leaned down, I was offered work in
any location (if there was an opening)...
They would have moved me.
Rather than that I took an early retirement package..
Got all of my unused time... and a month for every year that I was there...
Never regretted getting out of construction!

Dan

 

don't know.. have to check into it...
hope the adjustment isn't lowering my SS....

 

This is from the SSA Website:
"Each year we review the records for all working Social Security recipients. If your earnings for the prior year are higher than one of the (35) years we used to compute your retirement benefit, we will recalculate your benefit amount. We pay the increase retroactive to January the year after you earned the money."

Getting Benefits While Working

 

thanks for the info.......

 

I've been digging in to the SS website information in an effort to determine whether to take SS now at 62, or wait till 66 and 2 months.

from 62 to 'full retirement' 66+2, as long as I do not earn more than about $16,800 per year, no offset of SS will occur. if over that amount, you (temporarily) give back one dollar for every 2 dollars earned over the threshold. that hold back money is returned (we trust the IRS and Congress, of course not to change the rules!) at full retirement.

over full retirement age you can earn all you want, no offset.

The income that is counted for this is active income only, W2 wages, or in my case, my K1 from self employment.

there is also an adjustment for the first colander year you retire which computes your $16,800 monthly, so as not to penalize you for working till November and being way over the threshold.

so income from annuities, rental income, interest, stocks and bonds are not counted, only active wages.

the 'crossing point' - that is the point where the total of the larger SS benefit that starts at 66+2 exceeds the total of the reduced SS benefit paid at 62. That crossing point for me is 78+6. this does not include any monetary gains from having the funds available early.

 

Took my SS at 66...
turned 70 last sunday... [thank mom for those Italian genes.]...
this is with 2 of my 10 grandkiddies...

 

You don't look it my friend

 

I'm in the same boat as you Art . I met with my Financial planner yesterday he's also an SS expert , for me it looks like right now waiting till 66+ 2 is the best option and then keep working as much as I want or don't want . The big reason for me to keep working is the health insurance , the Office picks up the tab nothing comes out of my pay check and that's a huge plus for me , and I don't mind working . When I start collecting I'll have options like it's too F'in cold out in Jan NO I'm not coming in . That's the plan for now , but we all know that Chit happens and things could change .

 

Well I gave up the go to work routine at about 51 when I settled for going from one room in the house to my den at age 51 plus doing a bit of cooking at a lunch stand. I can't say I missed the daily grind as I didn't.

ETA: I unlocked my bios and booted *blows 10 for a set of updates this morning seemed to take forever, so I won't do that again for several months. Getting a boomer at the moment.

 

that's all that Wine, garlic &Oil in my younger years..
speaking of health Insurance,
i was concerned about that when i retired...
Pa has the keystone 65 hmo health plan..
I pay $ 56.00 month...
20.00 primary doctor visits
45.00 Specialists
75.00 emergency room visits..
it's Pa so you can prob get that when u retire..

 

Thanks for the info T

 

No rain here (yet) drove through some on my way home from Lewiston. Litchfield has some. My garden could use some rain.