Glad is turned out in your favor.
Depending on your and your Wifes Pension amounts coupled with SS amount, your SS may be taxed. (Thank you Slick Willie) Upwards to 85%.
If I remember correctly, it's $25K for singles and $33K for married.
There's a formula sheet on the SS website.
And when you turn 65 for Medicare, Medicare takes a bite.
"Avoid the rush. Procrastinate now".
Retired CSRS Fed here, with 40+ quarters of SS credit. I also am hit by windfall elimination provision.
But, I knew that going in, so worked part-time jobs to get 40 quarters of SS coverage.
Took SS at 62 (as early as possible) to receive something before it's gone. So, I'm penalized by the Windfall provision and also by taking early benefit.
In a couple of years I will have gotten back all I paid in.
|Shit don't |
Huh? Why won't you received anything? They will still be collecting money and paying money out.
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