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Old 11-01-2009, 07:14 PM   #41
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Originally Posted by militaryman View Post
My MRA is 56 and 8months as I was born in 1968 and aill have over 30 years of service at 56yrs and 8mos

Here are the requirements for Federal SS Supplement
  1. after 30 years of service at or after your MRA (minimum retirement age); or
  2. after 20 years of service at or after age 60;
Militaryman, is it correct then that someone who retires at 60, with at least 20 years of service, does NOT lose 5% per year for each year under age 62? It seems odd that someone could get the supplement while retiring at 90% of their pension. Or does that 5% annual reduction apply only to someone retiring at MRA + 10?


I thought I knew all this but the closer the day comes, the more little details there are. - Thanks.
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Old 11-01-2009, 09:19 PM   #42
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Originally Posted by Sea Kayaker View Post
Umm... is it normal (or healthy) to be obsessed by ER at age 37?
I dunno.

What I am afraid of is that my children of 20 and 24 discover this Web site, and want to skip college to go straight into ER.
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Old 11-01-2009, 09:23 PM   #43
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NW, you also want to avoid letting them see "Oh, Dad, Poor Dad, Momma's hung you in the closet and I'm feeling so sad."

No sense giving them ideas.

ta,
mew
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Old 11-01-2009, 10:33 PM   #44
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Originally Posted by Bikerchick View Post
[/LIST]is it correct then that someone who retires at 60, with at least 20 years of service, does NOT lose 5% per year for each year under age 62?
yes that is correct
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Old 11-02-2009, 12:11 AM   #45
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As of 6 months ago, this whole ER/FIRE concept wasn't even a consideration for me... but for the heck of it I sat down and did a net worth assesment - and then the light came on. I hadn't realized that by meeting (and marrying) a likewise financially sane and wonderful woman we had made some significant financial progress in the last two years - the DINK effect, I'm thinkin'.

And hanging around this place has really done nothing to curb my growing enthusiasm that this actually *MIGHT* be possible.
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