Re: Social Security -- McMinnville, Class of 58 Bulletin Board

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Date Posted: 19:02:28 12/17/01 Mon
Author: Vonda
Subject: Re: Social Security
In reply to: Larry 's message, "Social Security" on 06:14:30 12/05/01 Wed

You can earn up to about $11,820 without penalty
of Social Security money when you are 62. I think
you can earn any amount after age 65. But, if the point is to really retire, that doesn't help you out unless you have other sources of income.

You should be getting a statement every year stating
the amounts you would recieve at age 62 and at
age 65 1/2 (the age we must be to get full benifits)

I've thought about it. Might do it, but hate to be limited
to very old age with the smaller amount.

Let me know what you decide. I'm very interested.
vonda

Okay, I am aging and not well. There appears to be a
>minor fringe benefit on the horizon: Social Security.
> I have read their info and am a bit perplexed. Two
>questions arise and perhaps someone has answers.
>
>1). Is a person better off drawing at 62 or waiting
>until some later age. Having led a somewhat violent
>life I am leaning toward the former but without
>conviction.
>
>2). If one continues working and drawing income does
>that earning cause a decrease in SS benefits? I have
>heard that it does, that it does only at a lower age,
>and that it does not.
>
>So, retirement dreams spin about and it seems they
>would become real with income.
>
>Hope all is wonderful with you folks. Savor the day
>and the days.
>
>Cheers, Larry

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