I'll be 64 in a few months. My employer just declared bankruptcy, so I likely will be involuntarily "retired". I had been lurking and never did work up the courage to ER. I think I'll be able to stop working ( the prospect of landing another job is not all that good these days anyway, especially for someone my age) without too much worry about not having enough to see me through my "retirement" , because I can, and have lived very frugally, and I have no family. I am actually quite enjoying the free time, the freedom of having time to myself, and not having to answer to bosses and the demands of customers. So I understand now why you all would not trade your life and time for another dollar.
My question is about Social Security. I do not need to take it now, because I have enough rainy day money saved up that are sitting there earning nothing in a saving account. I look at my projected benefits at full retirement age vs the amount I'll get by taking them now, it appears that I will do better to wait. But will my benefit be stick at what I will be getting now and not increased because the estimated social security benefits calculator in SS site assumes that I'll be working and contributing to payroll taxes until the full retirement age?
Thanks. Here go.
My question is about Social Security. I do not need to take it now, because I have enough rainy day money saved up that are sitting there earning nothing in a saving account. I look at my projected benefits at full retirement age vs the amount I'll get by taking them now, it appears that I will do better to wait. But will my benefit be stick at what I will be getting now and not increased because the estimated social security benefits calculator in SS site assumes that I'll be working and contributing to payroll taxes until the full retirement age?
Thanks. Here go.