sandbox2832
Confused about dryer sheets
Hi, i am a member that doesn't post much or read much anymore. I am 62 now and can retire at 67.5 years of age and earn unlimited extra money. I plan to work to 70 so I can draw higher state retirement and get higher social security. Yet I have considered keeping on working with my day job and taking social security at age 68. I am not able to retire now. I need to work due to no savings and lots of credit card debt and a house payment that won't die until 2034. I had thought if I took soc sec at age 68 I could just bank it as savings and or apply to the house payment and get that paid off early. I really don't know what to do. I work partime now on weekends about 7 months of the year so I have extra money to get by on yet can't save very much. Several things puzzle me.
If i do take soc sec at age 68 will i also have to pay medicare cost out of my soc sec check even though I have health coverage with my day employer?
Can I opt out of paying the medicare cost in the soc sec check until I am no longer employed by the state?
If I do retire at age 70 from the state can I retain the state insurance coverage if it is cheaper than that of medicare and not have the medicare cost taken out of my social security check?
Is it worth it to not take soc sec at 68 and hold off until 70? Will the amount of difference in my total soc sec check be that much greater if I hold off from 67.5 to age 70?
If I do take soc sec at age 68 and keep on working at day job until age 70, would my soc sec checks increase over time due to the extra money being brought in a yearly basis? I heard they routinely update the income records and if you have enough income added they will increase your soc sec check accordingly.
Must I take medicare if I opt to keep my state insurance after I retire from the state? Can I not choose to take medicare coverage or is it required?
It is only me, I have no family to help me. Only income in the future would be soc sec check and state retirement check and any parttime job if any I may hold.
If i do take soc sec at age 68 will i also have to pay medicare cost out of my soc sec check even though I have health coverage with my day employer?
Can I opt out of paying the medicare cost in the soc sec check until I am no longer employed by the state?
If I do retire at age 70 from the state can I retain the state insurance coverage if it is cheaper than that of medicare and not have the medicare cost taken out of my social security check?
Is it worth it to not take soc sec at 68 and hold off until 70? Will the amount of difference in my total soc sec check be that much greater if I hold off from 67.5 to age 70?
If I do take soc sec at age 68 and keep on working at day job until age 70, would my soc sec checks increase over time due to the extra money being brought in a yearly basis? I heard they routinely update the income records and if you have enough income added they will increase your soc sec check accordingly.
Must I take medicare if I opt to keep my state insurance after I retire from the state? Can I not choose to take medicare coverage or is it required?
It is only me, I have no family to help me. Only income in the future would be soc sec check and state retirement check and any parttime job if any I may hold.