Re: THE Social Security Thread Pt 2 (merged)
Posted: Thu 06 Apr 2017, 21:24:02
Newfie - "...financial advisor told my Wife to take SS ASAP, before they diminish it.". And there is a " but" to that advice. But if you take SS early and are still drawing a good salary they deduct $1 for every $3 of that excess amount. And your check also remains lower then normal for the rest of your life.
But hitting full retirement age of 66 this year I'm not penalized by income so I get my full check...first one in a few weeks. And still get my paycheck. Which also means I don't pay for Medicare since I still have company insurance. And my 16 yo daughter gets her own SS check until she turns 18.
Rather pleased since I never expected to live long enough to see $1 of SS. LOL.
But hitting full retirement age of 66 this year I'm not penalized by income so I get my full check...first one in a few weeks. And still get my paycheck. Which also means I don't pay for Medicare since I still have company insurance. And my 16 yo daughter gets her own SS check until she turns 18.
Rather pleased since I never expected to live long enough to see $1 of SS. LOL.