Tag Archives: retirement

ARLIN REPORT THOUGHT OF THE DAY: SOCIAL SECURITY…ACTUALLY WORKS


Its amazing, I just received my first Social Security payment credited to my banking account.   Aug. 31, 2018 was my last day of full time employment, I have officially retired.   I began the process of applying nearly 4 months ahead of time, then monitored the process through the My Account with SS.   It got kind of close to my last day of work before I received notice from SS when my first payment was scheduled.   If a rep. from SS doesn’t call you, it usually means they have no questions or need more information.  But knowing the inefficiency of our government agencies, I kept a close eye on this, and to my surprise it all went off without a hitch.  It really does work, the way it is supposed to.  However, thank heavens I have a pension in addition to SS.

I am not boasting about this, just wanted those that will be retiring soon to know, the SS system does work (if you apply correctly, but you can always give them a call to find out).

ARLIN REPORT THOUGHT OF THE DAY: IMPATIENCE


My retirement, or I should say final day of my full-time working career is Aug. 31, 2018.    The closer it gets the more impatient I become.   Trying to keep busy to pass the time away; but double edge here, I don’t want the summer to just blow by.

This is of no interest to anyone else, just me; but I said “Thought of the Day!

Have a great one!

ARLIN REPORT THOUGHT OF THE DAY: I AM UNDER REVIEW BY SOCIAL SECURITY


August 31st is my last day of my full-time working career, my retirement date.  At 4:30 PM 8/31/18 I will walk out of the bank building, and not a moment later.

I applied for my Social Security benefits (ENTITLEMENT) back on 4/23/18, on line and followed the directions, answered all the questions and submitted.   I am still under review.   They say it can take about 6 weeks for approval, a decision.   WHAT DECISION!?  Seriously, the SS has had a book on me for over 50 years.

I go to the SS website, MY SS or MY Account, my application is still being reviewed.   If they need any further information or documentation, a representative of SS will contact me.   Here it is 6/01/18, no phone calls or letters from SS.   That should be a good sign.

Like all other government agencies, I guess this has to go down to the wire!!!

Have a great day, oh and I’ll be looking for a part-time fun job.   Any suggestions?   A stay at home, internet job would be great.

NOMADIC LIFE FOR OLDER AMERICANS


Originally posted on Gunny G: BLOGGIN’ BAD!~MAKE AMERICA “AMERICAN”! AGAIN!!!!! BRING BACK AMERICA’s HAT! (THAT BAD ASS DEPLORABLE FEDORA!) ~ $H!T-CAN THE STAIN, STIGMA, STENCH AND SHAME OF “THE PRINCE OF FOOLS”~ AND: “FINALLY,” ~ BRING THE “POF” TO JUSTICE!, EXPOSE! AINOs (AMERICANS IN NAME ONLY), AND FLUSH THE SWAMP~POWER-FLUSH! “TWICE!”-(“FLOATERS” Y’KNOW!) -POTUS .45 TRUMP COCKED and LOCKED!…..-ONE RIGHTEOUS MAN–IF WE CAN KEEP HIM! ~ Illegitimi non carborundum..!: Skip to comments. Many older Americans are living a desperate, nomadic life Marketwatch.com ^ | March…

via Many older Americans are living a desperate, nomadic life — Brittius

Living in RVs and vans……… I thought most were vacation travelers.   I am about to re-tire at the end of August (Last day 8/31/18).   I have often joked with my significant other, if she passes before me, I’ll pack up and move to a trailer court.   No offense to those living in trailer parks.   It  could be a point of survival …… for me:  🙂

ARLIN REPORT THOUGHT OF THE DAY: IS IT AGING OR JUST ATTITUDE OR BOTH?


Seriously, I woke up and my first thought….okay, meaningful thought was:  I am beginning to understand older people more each day.   What they do and don’t do.   What is important and unimportant.   Whether grammar is school book perfect or not……

I don’t care that I am clean shaven just to go to the store.  I don’t care as much that my clothes don’t match perfectly to go to Walmart.   Geez does that mean I am understanding older shoppers at Walmart.   That’s scary……….. I hate Walmart.  Yes I said hate.   I only go there for their tiny, under-grown nightcrawlers, until I find a place with bigger ones, or have time to dig my own.

Yep, I am 6 months away from retirement!

WHEN MEDICARE IS A THOUGHT


Image result for photos of a fishing on a golf course

No, I didn’t want the subject of Medicare to be my Arlin Report Thought of the Day post.  So, it is not…..besides, its become more than a daily thought.   I have reached the time of my life I am approaching 65.   I have to sign up for Medicare.  I have an appointment set for next month with a so-called Medicare/retirement planner.  Right there sounds like an, “invest with me” trap.   Actually, she is only going to advise me on how to approach this.  When do I have to give up my health insurance with my employer (if at all) and all kinds of questions.  I have also been giving retirement more thought as well.   Not this year but probably, or possibly next year at 66.  I don’t feel and I have been told I don’t look that old.  Good!

Ahhh….RETIREMENT!    🙂   What to do……?

  1.  More golf!   definite   (When I was a kid a friend of mine and I would go play golf, take our fishing rods, throw a line in the lake with chicken liver, let it set…..go play a few holes of golf and check the lines when we came back around).   We caught fish and played golf.
  2. Oh, I must be approaching retirement, am going to Bass Pro Shop today to buy a new (a couple) of fishing rod and reels.  I haven’t fished (except for the deep-sea fishing trip last spring)  in years.   Gotta put some food on the table (retirement money saver)!  Can take the grandkids fishing (even the lone granddaughter).  There are 2 that probably won’t learn to fish unless they go with Grandpa.
  3. Did I say more golf??
  4. Part time job…….possibly, I don’t know (whats the point in retiring)?
  5. Honey do’s (I’ve been told there will be some).  Maybe I retire at 67……….kidding.
  6. Some travel……..with the clubs and fishing equipment of course.
  7. To be determined…….some things must be left open!!                                                                                                                                                                                                                                        Retirement:   A chance to re-live your childhood…..but get it right!

SOCIAL SECURITY, WILL IT BE THERE FOR YOU?


 

 

 

Social Security, will it be there for you, will it be there for me?

Don’t wait too long to learn as much as you can about your Social Security.   It could cost you lots of money if you don’t.   You need to find out what you can do to maximize your benefits for retirement.

Last evening I attended a seminar on Social Security with a private consulting firm.  I now consider that time well spent, a smart investment if you will.   It only cost me 1.5 hours of my time.

I learned from the seminar some facts, information significant in helping me make the decision when I should retire and when I should not.

I am 62 years young.  Baby boomers born between 1943 thru 1954 can collect full benefits at the age of 66.   I also learned that those born within this same period will not be affected by Social Security reform.   However, if I wanted to retire and apply (file seems like the right word here) for benefits earlier than the age of 66, I learned what percentage of the full benefit I would receive.   This is the key factor, obviously, in deciding when to retire.   Here are the breakdowns at each age beginning with 62:

62       I would receive 75%                                                                                               63                                          80%                                                                                               64                                          86.7%                                                                                           65                                          93.3%                                                                                           66                                        100%

Every year you delay applying for your S.S. benefits you earn delayed credits.

at 67  I would receive 108%                                                                                                70                                      132%

One important point: If you retire and draw your benefits early, say at 62, you stay at 75% for life.   When you reach 66, the benefit does not go up to 100%, it remains at 75%.

The figures above work for those of us born between 1943 to 1954.    Doesn’t look like I will be retiring anytime soon, unless I win the Powerball Lottery.   It looks like there is plenty of incentive to wait until 70……….ugh!  I doubt I have the patience to put it off that long.  I have other interests besides working everyday.  There are other factors that will determine when we apply, like our health, other supplemental incomes, etc.

I would encourage you, if you haven’t already, to attend a seminar.   Each of us have different situations.   The seminars touch on much more than I have mentioned here.   They will give you tips on other points or ways you can increase your benefit.   When you just walk into the S.S. office to apply, they are not going to share these tips like a private consulting firm will.   The sooner you learn how to take more advantage the better off you will be.   Its your retirement, your future.  I am not a financial planner or a consultant for that matter.   I wanted to share with you what I learned.   You may already know what I mentioned here, but there is still much more for you to learn.

I knew a little prior to this meeting, but there was a lot I did not know.   I already feel better prepared, more comfortable on what to do  when that age approaches.   So will you.