Social Security - Page 6

Nuttmeg · ‎03-09-2010

Retirement is a very personal decision for most people. I was sick, took early retirement, my pension and received SSDI.

Disability benefits changed to SSA at 66 for my age group.

Most of my friends teaching retire at 62, and take SSA.

qvcaddition · ‎03-10-2010

@char1976

@char1976 wrote:
I was considering on siging up for early social security this year. I'll be 62 this year and retired. I retired at 56 and was working seasonal at a state park.. But due to CD-19 they are not hiring the seasonal back yet from last year due to a hiring freeze. Hubby thought i should wait until age 66. I don't see much difference in waiting and if I wanted to work we ive in a rual area so there aren't that many jobs avaiable. I draw 2 retirement checks so working is just my spending money for me. Just curious what anybody thought.. Thanks.

I,m 84 and took it at 62, then did little part time jobs, Found out at age 80 I had retirement money coming I didn,t know had fallen through the cracks. Got quite a windfall. Twenty years of money and interest.

At the time we were replaced, I was 60 and told I hadn,t worked long enough for the company to get a retirement, and I believe it. At age 80, I got a phone call saying I had to take the money. WHAT MONEY?

Well, the retirement company sold and was audited and found people like me who fell through the cracks. What a great surprise 20 years later.

CalminHeart · ‎03-09-2010

I signed up at 62 and don't regret it at all.

CalminHeart · ‎03-09-2010

@conlt wrote:
I turn 62 in a few weeks and I am waiting. When you take early SS, you can only make so much money out side of that or your SS decreases. Check that out, the pensions that you have may cancel out some of your SS money.

Pensions don't impact SS. It's actual new earning that affect it. I received both prior to turning 65/66 and my pension has never affected SS.

FranandZoe · ‎03-09-2010

Go for it! Hubby and I have friends who work for SS and they've always said to apply for it as soon as you're eligible.

Nuttmeg · ‎03-09-2010

@conlt wrote:
I turn 62 in a few weeks and I am waiting. When you take early SS, you can only make so much money out side of that or your SS decreases. Check that out, the pensions that you have may cancel out some of your SS money.
@conlt

Please talk to your financial advisor. I know you have some medical problems. You may want to consider applying for SSA and SSDI.

I have a dear friend. She developed some health issues, and should have applied for SSDI when she took early retirement. She does have excellent health benefits and a pension.

She is working part time jobs to fill the gap in her income. Mary will turn 62 next year and I hope her doctor can convince her to apply for SSDI. So she can stop working as a substitute.

Spoiler

FS74 · ‎01-31-2016

Hubby took an early retirement at 62, but I will wait until my full retirement at 66 1/2. I am still working full time and our health benefits are much cheaper if I get them from work. Plus the fact we can't afford it if we both are retired. When I do sign up at full retirement, I can still work if I want to and my SS won't be reduced.

esmerelda · ‎03-10-2010

@Nuttmeg wrote:
@conlt wrote:
I turn 62 in a few weeks and I am waiting. When you take early SS, you can only make so much money out side of that or your SS decreases. Check that out, the pensions that you have may cancel out some of your SS money.
@conlt
Please talk to your financial advisor. I know you have some medical problems. You may want to consider applying for SSA and SSDI.

I have a dear friend. She developed some health issues, and should have applied for SSDI when she took early retirement. She does have excellent health benefits and a pension.

She is working part time jobs to fill the gap in her income. Mary will turn 62 next year and I hope her doctor can convince her to apply for SSDI. So she can stop working as a substitute.

Spoiler

If she is capable of working (and she is working so she is capable) why would she be awarded SSDI?

*********************
Keepin' it real.

Linmo · ‎12-16-2013

@esmerelda wrote:
@Nuttmeg wrote:
@conlt wrote:
I turn 62 in a few weeks and I am waiting. When you take early SS, you can only make so much money out side of that or your SS decreases. Check that out, the pensions that you have may cancel out some of your SS money.
@conlt
Please talk to your financial advisor. I know you have some medical problems. You may want to consider applying for SSA and SSDI.

I have a dear friend. She developed some health issues, and should have applied for SSDI when she took early retirement. She does have excellent health benefits and a pension.

She is working part time jobs to fill the gap in her income. Mary will turn 62 next year and I hope her doctor can convince her to apply for SSDI. So she can stop working as a substitute.

Spoiler

If she is capable of working (and she is working so she is capable) why would she be awarded SSDI?

@esmerelda Maybe she's working parttime because she needs to for financial reasons even though she's been medically advised not to do so.

Linmo · ‎12-16-2013

This has been an informative thread. I'll be 62 in 2021 and was planning to take my own reduced SS payment at that time and then half of my husband's later on when he starts collecting at either full retirement age or at 70. Now I'm reading that if I take mine early, I will get less than half of his amount when he retires rather than the full half. I'll definitely look into it further before deciding.