Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 07-13-2014, 08:39 PM   #81
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Lsbcal's Avatar
Join Date: May 2006
Location: west coast, hi there!
Posts: 7,500
Just got to your thread as we're on the road vacationing.

Great news W2R. Watch out with all that rich food coming your way.
Lsbcal is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-15-2014, 01:48 AM   #82
Full time employment: Posting here.
Join Date: Mar 2004
Location: No Where for Very Long
Posts: 763
Originally Posted by Sue J View Post
Wow, W2R. What wonderful news!
She turned 62 in April and wanted to get her SS early. Her DH is 67, recently retired but not collecting SS yet as they have a healthy portfolio to live on. He tried to explain the benefits of her waiting until her FRA and his file and suspend, but she wanted to start at 62 even if it wasn't the best option.

So her decision is from her heart and gut, not a math equation. Like you, she was so excited to see that first direct deposit, in her name.
My Dad received an early retirement offer when he was 59. His pension was coordinated with SS and the offer was that he would receive the combined amount of his pension and SS at his full retirement age of 65. After age 65, he would receive his pension check from the company and a separate check from social security.

Instead of waiting until he was 65 to sign up for SS, he took early SS at 62 reduced by 20% for early retirement. So for three years he received a windfall, then at age 65 he saw his pension check revert to the actual amount of the pension and a social security check reduced by 20% for early benefits. I didn't find out about this until he was 80.

In my Dad's case he was obsessed with "getting his money back" and I doubt that any one could have convinced him otherwise. At age 65, I suspect that he was already experiencing early Alzheimer's because my Mom told me how bitter he was that the company "cut" his pension. In five and one half years he had completely forgotten the terms of his early retirement offer. I later found the document he had signed and the disclosure was perfectly clear about the terms.

Lancelot is offline   Reply With Quote
Old 07-15-2014, 03:51 AM   #83
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
freebird5825's Avatar
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,030
Congratulations again and again and again!

If you really can't figure out how to spend it, donate some. I do that with some of my tax free municipal bond fund dividends on a regular basis.

My favorite place to send much needed funds....right here and now.
Food for Veterans - Food Pantry | Feed Our Vets

This is an interesting thing within Amazon. I just saw this on the FOV (previous link webpage).
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
freebird5825 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Annuities wholesaled by Obama administration? Htown Harry FIRE Related Public Policy 63 09-21-2010 04:42 PM
Veterans Administration Hospitals two4theroad Health and Early Retirement 2 02-06-2008 06:22 PM

» Quick Links

All times are GMT -6. The time now is 02:42 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.