Posted by oldfarmtractor on April 29, 2015 at 05:56:13 from (75.63.62.119):
In Reply to: Social Security posted by True Son on April 28, 2015 at 18:02:01:
I am 64 and signed up for social security and planned on drawing at 62. I had retired for teaching at age 60 and was drawing a pension from that system. At 61, the school asked me to drive a bus. That gave me time to take care of my dad since he was along the drive to the school. SS called me and notified me that due to the bus driving my benefits at 62 would be nil. As a teacher I did not pay SS but did in other jobs. So I canceled the SS (lots of paperwork). At 63, I decided to retire from the bus driving (it was another pension due to a political position I held + bus driving). My Dad passed and I decided to let some young person have my driving job. So SS, teacher pension and municipal worker pension are my sources of income. No state income tax on any of it.
Get information, make plans, ask informed people good questions and make a choice to fit with you style of life. Don't forget COLA on many pensions. My COLA activities have increased my pension nearly $700/month since initial retirement.
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