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If Things Are That Tight... - see msg

Posted: Jan 14th, 2020 - 3:26 pm In Reply to: Need advice from anyone who has retired early for Social Security - and how you manage

If things are that tight, you can't afford to retire. You need to work. Get out of MT and do something else. You can collect SS and make a certain amount of money and not be "penalized" with them taking $1 for every $2 you make. (Just holding yourself over for 3 months with a job isn't going to help you feel secure. You have no room for a hiccup.) When you turn a certain age...I forget what it is...you can earn as much as you want and not get the penalty.

That's my advice. SS is not and was not ever meant to be the sole source of income. It was meant to be a supplemental income.

To young people: Start financial planning NOW, so that when you're in your 60s you don't have to depend soley on SS. You do not have to make a bunch of money to save for your retirement. It's more about MANAGING your money you do make properly. Getting out of MT and getting a more steady and predictable income would be a good start.

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