Hi Folks _ Semi_Retired going to Full Retired

[StanV]

Hello folks. I am a semi retired Commercial Plans Reviewer for a local Building Department. I review commercial construction plans for Codes and Structural compliance. I retired a couple years ago and was asked to come back to work for the County I had worked for most recently. So I did go back part time (M-T-W only) and am looking to fully retire in late May 2019. I figure to use the money in my retirement accounts until gone and then go on SS, perhaps age 66 or maybe 67. I came here to pick up on tips for things to do that could help me as I move forward. I will be needed to sign up for Medicare soon and not sure how to do that or how it works, so please do point me to any discussions here that would be of help there. I had one parent (mom) live to 91 and the other (dad) went on home at 52. So mixed bag. That is all for now and hope to meet some of you in various discussions as I learn my way around.

[joeea]

This might help you get started: https://www.medicare.gov/sign-up-cha...nd-part-b.html

[Another Reader]

No pension from your agency?

[StanV]

Hi and thanks for the question. Yes I do have a retirement account and am currently drawing a little out each month to cover what the part time wages do not. I am looking at using that up and then go to SS.

[corn18]

Welcome Aboard! Loveland OH or CO?

[Another Reader]

Quote:

Originally Posted by StanV Hi and thanks for the question. Yes I do have a retirement account and am currently drawing a little out each month to cover what the part time wages do not. I am looking at using that up and then go to SS.

You worked for an agency that did not have a defined benefit plan, correct? What were you offered as a substitute? How much do you have in that substitute account? If you were a salaried plan checker, how much of your income will you be able to make up from your other income sources?

For most people that held good jobs, Social Security is not an adequate substitute for the paycheck. It sounds like you may not be in the best financial shape if you will have to exhaust your savings in a few years and then rely on Social Security.

[StanV]

Thanks for the welcome corn18, that would be Colorado. Native of the State.

[StanV]

You are correct, probably not the best of financial shape. Likely about 3 to 4 years worth in the retirement plan from work. Did not have the opportunity to set anything up in my younger years. I am likely going to continue to work part time at something to help the income regardless of my current investment account use or social security. May need to play the lotto more!

[corn18]

Quote:

Originally Posted by StanV Thanks for the welcome corn18, that would be Colorado. Native of the State.

Coolio! We are from your sister city outside of Cincinnati.

[Huston55]

Quote:

Originally Posted by StanV Hello folks. I am a semi retired Commercial Plans Reviewer for a local Building Department. I review commercial construction plans for Codes and Structural compliance. I retired a couple years ago and was asked to come back to work for the County I had worked for most recently. So I did go back part time (M-T-W only) and am looking to fully retire in late May 2019. I figure to use the money in my retirement accounts until gone and then go on SS, perhaps age 66 or maybe 67. I came here to pick up on tips for things to do that could help me as I move forward. I will be needed to sign up for Medicare soon and not sure how to do that or how it works, so please do point me to any discussions here that would be of help there. I had one parent (mom) live to 91 and the other (dad) went on home at 52. So mixed bag. That is all for now and hope to meet some of you in various discussions as I learn my way around.

You’ll get much better advice if you include more details on your savings, income streams & expenses (as long as you’re comfortable doing so).

In the meantime, read these threads if you’ve not already done so.

http://www.early-retirement.org/foru...ead-33198.html

http://www.early-retirement.org/foru...ire-69999.html

[StanV]

Quote:

Originally Posted by corn18 Coolio! We are from your sister city outside of Cincinnati.

Good to know. I hear you folks have a Valentine re-mailing program similar to ours here that has been going on for many years.

[StanV]

Quote:

Originally Posted by Huston55 You’ll get much better advice if you include more details on your savings, income streams & expenses (as long as you’re comfortable doing so). In the meantime, read these threads if you’ve not already done so. http://www.early-retirement.org/foru...ead-33198.html http://www.early-retirement.org/foru...ire-69999.html

Thanks for the links Huston55. I have not begun to reach that comfort level here. I will check out the discussions though. My physical health is not real good and will likely dictate the retirement date regardless of other issues. It is the path I walk.

[ER Eddie]

Good for you. I plan to do the same in about a year.