Helmerb
Well-known member
- Joined
- Dec 4, 2013
- Posts
- 83
My Dad died @ 63, my younger brother died @ 43. I retired two years ago @ 56 and have not regretted a second of it.
The real reason Catblaster retired is because it was interfering with building his airboat. ;Dcatblaster said:I had no choice, Emphysema, pulmonary fibrous, Bronchiectasis, and Pulmonary Hypertension at 62, then a double lung transplant 8 months later. The two easiest things I did was filing for SS disability and Agent Orange with the VA. The job I had was easy, good pay and plenty of benefits, if I had not been forced to retire I would probably still be working even though the two heart attacks have taken their toll.
JX2Fields said:I retire in 2012 at 62, I had know so people who said as soon as I am 65 I am retiring at 65 1/2 they were dead.
catblaster said:We had an inspector the waited until 65, and after his retirement party on his last day of work he went home and died while waiting for his dinner. Another one that was a close friend of mine retired at 62 and within 9 months had passed away. None of us are getting out of this alive.
Please be aware that whatever age you or your spouse take SS retirement benefits becomes your permanent retirement age for the purpose of calculating benefits. DW, whose benefits are much lower than mine, took SS at 62, because her parents both died in their 50s. I took my spousal benefit, which was half or her benefit. Our financial adviser told us that I should wait until age 70 because my parents lived into their 90s. When it came time for me to file, DW would have been entitled to a spousal benefit equal to half of my benefit at age 66 (the maximum spousal benefit). BUT, because she had already taken benefits at 62 she is actually getting half of what I would have received at 62. It is a bit more than her own benefit, but not as much as we thought she was going to get. We are very grateful to be getting the benefits that we paid into when we were working, but just be sure you know what your benefits will be, before you file.Ernie n Tara said:On another aspect of the question, where the social security payments are greatly disparate, having the lower entitled person take ss at 62 may prove to be an advantage in the long run. Since he/she can switch to coverage under the other parties ss when she/he passes. (Check qualification requirements with your accountant).
Retirement has been the best years of my life. I am living the dream. ;D ;D ;D ;DBigSkyTrailerGuy said:Almost 100% of you guys have said "Best decision I ever made." My next CAT scan will give me an indication if I should pull the trigger right now.