Reminds me... I'll be 65 this year and need to sign up for medicare.

Isn't signing up for medicare intertwined somehow with Social Security.

My full retirement age is 66, so I won't start collecting SS at least until then... and then not until I retire and no longer have an income. At least, that's as far out as I have thought about it so far.

🍺

bs_kwaj wrote:

just repeating what I've been told, but I thought 66.5 was when one gets the max.

frankj1 wrote:

there is a table at the SS website that lists the full retirement age, which varies depending upon the year of your birth...for me, born in 1953, full retirement age is 66...

if you were born in 1957, your full retirement age is 66 and 6 months...it goes up two months for each year thereafter and maxes at 67 for those born after 1960...

https://www.ssa.gov/planners/retire/ageincrease.html 


not sure when the full retirement age will be raised to 70...

delta1 wrote:

had to lol on that one...

I'll be able to afford what you smoke...hah...

Thanks for all the input guys...I was leaning towards Palama's thoughts, since my Dad and all my brothers died at ages younger than I am now...and it would be nice to have more spending money to enhance an already comfortable, for us, lifestyle...

but I took a health survey on the Kaiser Permanente personal health manager website that considers all the personal health factors, risks and benefits I have, and it concluded I'd live to 87, which is almost 7 years beyond the break even age of 80 yrs + few months...

If I waited to age 70 to start collecting my SS, my annual benefit would be about $10K more, meaning I could leave as much as $70K on the table...

but because my wife worked as a public school teacher and did not pay into SS, and she is collecting a retirement pension which is greater than my SS benefit, she will not get any survivor benefits from me due to the Govt Pension Offset...

but I do appreciate all the advice about murky and unpredictable futures...guess I'll apply on my 66th BD...thanks all...

delta1 wrote: