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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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Need advice from anyone who has retired early for Social Security - and how you manage (Views: 803, 2020-01-14, 1:22 pm)
- I don't remember what I did to tide me over - during the delay, but (Views: 750, 2020-01-14, 2:48 pm)
- Why can’t you work while you’re waiting ? - nm (Views: 560, 2020-01-14, 3:15 pm)
- If Things Are That Tight... - see msg
  - Turning A Certain Age - If Things Are That Tight part 2 (Views: 799, 2020-01-16, 7:13 am)
- Retired early - MT67 (Views: 582, 2020-01-14, 3:31 pm)
- I havent filed yet, but I plan to continue working right up - to the day of the first check. SM (Views: 661, 2020-01-14, 3:35 pm)
- Have any of you looked on the website or called to talk with - a Soc Sec rep with your questions? SM (Views: 532, 2020-01-14, 4:17 pm)
  - Better yet, - go to (Views: 589, 2020-01-14, 10:00 pm)
- I am - Now (Views: 541, 2020-01-15, 9:06 am)
- What we do (Edited to Read...20 years ago - see msg (Views: 893, 2020-01-15, 10:13 am)
  - That's it exactly I am sick and tired of the constant stress, burned out - and done with MT the day I hit 62. nm (Views: 639, 2020-01-15, 12:02 pm)
  - Ooops - Made a Mistake (Views: 318, 2020-01-23, 2:11 pm)
- Social Security - Anon (Views: 702, 2020-01-15, 12:21 pm)
- To need advice - anon (Views: 555, 2020-01-15, 7:50 pm)
  - I think... - JC (Views: 713, 2020-01-16, 2:07 pm)
- You DO NOT have to stop working... - Old Anon. SM (Views: 417, 2020-01-18, 5:31 am)
- Less than 10 days from application to first deposit - New Retiree (Views: 514, 2020-01-19, 6:58 pm)
  - Probably because you had already turned 62 before filing - Most of us want to file 3 or 4 months ahead SM (Views: 409, 2020-01-19, 8:03 pm)
    - I was 63 when I filed for early SS - Old Anon. SM (Views: 365, 2020-01-21, 5:27 am)