granfire
Sr. Grandmaster
so far, my friend.
I am considering to dragging the boat out of the river and docking it behind the house. It does not want to stop raining here!
Last Poster #8
- Thread starter jks9199
- Start date
I am considering to dragging the boat out of the river and docking it behind the house. It does not want to stop raining here!
Prince_Alarming
Master Black Belt
Well, twist up my testicles and fly me to Tijuana, the doctor I saw said that I needed a blood test and I should have been having them regularly for the past 20 years or so. The annoying part is that I bet she's ignored by her colleagues on account of being a muslim and a woman, and yet she spotted something in a few seconds that nobody else seems to have thought worth bothering about. All done now.
Xue Sheng
All weight is underside
Oh that's right...you're retired....well.... I can no longer like you....mostly due to jealousy and envy... but that is the way it has to be....at least until I retire.... then... well...you'll be ok again......
Steve
Mostly Harmless
I am indeed retired. Having a good time, so far. My annuity payments have started, and I should start receiving payments from my thrift savings (federal equivalent to a 401k). Because I'm turning 55 later this year, I am able to take advantage of the "rule of 55" to access my TSP funds without early withdrawal penalties.
Planning another drive down to AZ in a few weeks. It's going to be hot as hell, but I'll be glad to spend some more time with my parents.
Steve
Mostly Harmless
Doing great. I was thinking about you, too, as I roasted some anaerobic coffee from Flores Indonesia. It's really yummy.
_Simon_
Senior Master
Oh excellent.. very nice. Roasted up some Ethiopian Gambella Sundried (natural) recently on the lighter side, very juicy
Prince_Alarming
Master Black Belt
"Uncle David! Coffee!"
There was no coffee, she just wanted to see me. I'm not sure what I've done to deserve such devotion, but it's kind of nice.
There was no coffee, she just wanted to see me. I'm not sure what I've done to deserve such devotion, but it's kind of nice.
Xue Sheng
All weight is underside
That's the same year when I retired. Back then I had to wait until 59 and 1/2 before I could take money out of my TDSP.
Last edited:
Xue Sheng
All weight is underside
The only payment I will wait for is Social security. I am and when I retire, I will be over 60, but not yet old enough for full Social Security. My pension will start at the speed of the state in which I work..... so a couple months...they aren't very speedy.
I took SS when I was 62. I could get more if I wait until 65 or even 70. But I think those extra years could make difference.
One guy retired from IBM. In the first month of his retirement life, one day he drove to airport and had a car accident. He died in that car accident. He didn't even have chance to draw his 1st month pension check from IBM.
I don't know which is worse.
- One dies but hasn't spent all his money.
- One has spent all his money but still alive.
Last edited:
Prince_Alarming
Master Black Belt
Turns out despising yourself is a full time job with no days off
Xue Sheng
All weight is underside
IMO that one is worse
Flying Crane
Sr. Grandmaster
As my uncle used to say, “if you die with ten dollars in your pocket, you worked an hour too long.”
Steve
Mostly Harmless
At the bare minimum, I'd recommend everyone take a minute to do a very simple breakeven calculation. You can go to SocialSecurity.Gov and register... it takes a bit to get into a Login.Gov account, but you can find out what your estimated payments would be at 62 (early retirement), 67 (full retirement), and 70 (delayed retirement).
For easy math, say the monthly numbers are $2000 at 62, $3000 at 67, and $4000 at 70. That's $24k for five years you need to recoup at a difference of $1k per month if you wait until 67. Simply put, it would take you 10 years at $3000/mo to receive as much money as 15 years at $2000/mo. So, if you plan to work longer and live well past 77, it might make sense to wait.
Same thing for delayed retirement. If you wait until 70, the breakeven point would be 96 months (24000 x 8/2000) or age 78 versus early retirement. It would be 108 months (36000 x 3/1000) or age 79 vs full retirement.
That said, we have folks working actively to undermine federal programs, from the NIH to FEMA to USAID to Social Security, and there is a real question about what Social Security and other similar programs will look like in the future. It's possible that it will be fully or partially privatized or completely eliminated. Who knows? Personally, having worked for Social Security for 30 years, I will get what I can as soon as possible.
I’m coming out of retirement and going back to work. Because I really need the rest.
