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Sassy Squatch 08-15-2024 12:26 PM

If you've already applied for Social Security may not want to go too crazy on the hours so you don't offset.

Sassy Squatch 08-15-2024 12:28 PM

For 2024 you should be good. $22,320 and up is where you start offsetting your Social Security benefits.

Otter 08-15-2024 12:29 PM

Quote:

Originally Posted by Hydrae (Post 17631871)
My kids invaded my home? More like I did them a favor and would do anything for my children. Not just mine either. Over the years we have welcomed a number of young people into our home. Usually, case where they were kicked out at 18 by their parents with nowhere to go. There are many young adults in our town that call my wife Mom. And yes, they would be happy to help but they have their own lives and families and struggles.

I'm guessing your children did not invade your home because the were invited and followed protocol. See the difference?

Hydrae 08-15-2024 12:33 PM

Quote:

Originally Posted by Sassy Squatch (Post 17631873)
If you've already applied for Social Security may not want to go too crazy on the hours so you don't offset.

For every 2 dollars above your benefit amount, they will reduce the benefit by $1. So you are only getting .50 for those dollars. But when you reach full retirement age (67 for me), they will increase your benefit to some extent which offsets of those reduction going forward. Learning that did make the decision a little easier.

Sassy Squatch 08-15-2024 12:35 PM

Quote:

Originally Posted by Hydrae (Post 17631886)
For every 2 dollars above your benefit amount, they will reduce the benefit by $1. So you are only getting .50 for those dollars. But when you reach full retirement age (67 for me), they will increase your benefit to some extent which offsets of those reduction going forward. Learning that did make the decision a little easier.

Yep.

Sassy Squatch 08-15-2024 12:36 PM

Quote:

Originally Posted by Otter (Post 17631880)
I'm guessing your children did not invade your home because the were invited and followed protocol. See the difference?

Again, why? Why come into a thread where a fellow poster is pretty clearly hurting and needs some encouragement and instead throwing kicks while he's down? Just completely unnecessary.

stumppy 08-15-2024 12:40 PM

Quote:

Originally Posted by Sassy Squatch (Post 17631895)
Again, why? Why come into a thread where a fellow poster is pretty clearly hurting and needs some encouragement and instead throwing kicks while he's down? Just completely unnecessary.

Let me introduce you to otter.

Mosbonian 08-15-2024 12:41 PM

Quote:

Originally Posted by Hydrae (Post 17631863)
Thank you to everyone who has responded. I appreciate the thoughts and advice. I am not surprised at the temporary turn the thread took. This is CP after all!

2. I have always thought I would work until I was 70 to maximize my Social Security benefits. I did give in to reality a couple days ago and applied. If nothing else, the benefit is weighted to the last 5 years of employment and it appears likely that I will be earning significantly less the next few years. So yes, I am legally retired I suppose.

I originally thought I would work until I was 70 to maximize my SS benefits, but a heart attack and a talk with my financial advisor showed me that waiting wouldn't really give me the benefit I thought. Now, I retired at age 68, but I have been drawing my Social Security since I reached what is the Full Retirement Age.....66 years and 3 months....and the difference in the amount I drew at that time and what I would draw at age 70 was minimal in comparison.

The good part....it is steady income.

stumppy 08-15-2024 12:44 PM

Quote:

Originally Posted by Hydrae (Post 17631886)
For every 2 dollars above your benefit amount, they will reduce the benefit by $1. So you are only getting .50 for those dollars. But when you reach full retirement age (67 for me), they will increase your benefit to some extent which offsets of those reduction going forward. Learning that did make the decision a little easier.

Pretty sure that's only on money you earn above $22,320.

Sassy Squatch 08-15-2024 12:45 PM

Correct. For every $2 you earn above that 22,320 line, your benefit is offset by $1.

Otter 08-15-2024 12:46 PM

Quote:

Originally Posted by stumppy (Post 17631903)
Let me introduce you to otter.

Let me introduce you to parasites dummpy. I'll let you guys alone because it sounds like your in likewise company.

ThrobProng 08-15-2024 12:48 PM

Don't do meth, kids.

Pasta Little Brioni 08-15-2024 12:55 PM

Quote:

Originally Posted by Sassy Squatch (Post 17631895)
Again, why? Why come into a thread where a fellow poster is pretty clearly hurting and needs some encouragement and instead throwing kicks while he's down? Just completely unnecessary.

I don't think he's insulting the poster, but the state of the job environment in this country due to some decisions involving "outsiders "

Sassy Squatch 08-15-2024 12:58 PM

Quote:

Originally Posted by Pasta Little Brioni (Post 17631936)
I don't think he's insulting the poster, but the state of the job environment in this country due to some decisions involving "outsiders "

LMAO That's supposed to be better? Coming in and bleating about how "dey tuk er JERBS!!!"?

Zebedee DuBois 08-15-2024 01:00 PM

Hydrae, I hope things work out for you. I don't have any solutions or remedies to suggest - I'm sure you've scoped out your viable avenues. I do bring you all the good juju that a fellow oldster can bring. I would be completely out of my element looking for a job at this stage of life. Wishing for the best possible outcome.


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