Here, we have the option of taking an early pension at 60, at a reduced payment of course. Those born after 1959 have to wait til they are 67 to draw the full pension, unless the government repeals that fairly recent law. We can also wait to draw a pension up to 72 years of age, with a corresponding increase each year. One has to do the math and figure out what your earning potential is from now on, how long you calculate you are going to live and how any capital assets and their disposal will affect your income, and thus your taxes, and ultimately any government claw back of your pension if your income is high enough. Figure that one out......Ben
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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