# Welcome to AAC Retirees Club

#### dl324

Joined Mar 30, 2015
12,915
I'll be planning a Journal
I use mine as permission to not have to remember trivial stuff.

#### Alec_t

Joined Sep 17, 2013
12,148
You just have to remember to enter things in the journal . And remembering things gets trickier with age.

#### atferrari

Joined Jan 6, 2004
4,378
You just have to remember to enter things in the journal . And remembering things gets trickier with age.
Recent events the hardest to manage.

Joined Jan 15, 2015
5,992
Just got back from the State Retirement system in SLC, what a relief to get it turned in, I should have enough to live on when the pension kicks in, I opted in for Spousal if I die she's receiving the same amount, but I lost about $100, now it's down to$850 a month, not sure how much Fed and State will cost me.

kv

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#### jpanhalt

Joined Jan 18, 2008
11,088
When the children are all gone and a couple enters retirement, why is it that the woman always wants to remodel the kitchen?

That seems to me like the triumph of fantasy over reality.

#### killivolt

Joined Jan 10, 2010
800
I just joined the club last month. I can't figure out how I got so much done while working and still have time left for hobbies. Now the "honey dew" list is overflowing. XYL wants a new kitchen. I'm busy ripping out kitchen cabinets. Next to come is having to redo all the plumbing and electrical.

My guiding principle is, "Why do today what you can put off for tomorrow?"
For me I've already done paint throughout, flooring, trim, plumbing, all that's left inside is run a gas line to free up 40amps going to an electrical stove, then repair the electrical, paint the existing kitchen cabinets, new hardware, new fake marble kitchen top, some decorative tile under the cabinets. Already, did the 10x10 shed last year.

After that plan to sell it and get the heck off this busy street, put the money in the bank, travel is on my mind, learn Italian and some french. Electronics is the farthest from my mind right now. But, I still like hanging out here off and on, Math, and Physics still a hobby for me.

kv

#### djsfantasi

Joined Apr 11, 2010
7,750
I just joined the club last month. I can't figure out how I got so much done while working and still have time left for hobbies. Now the "honey dew" list is overflowing. XYL wants a new kitchen. I'm busy ripping out kitchen cabinets. Next to come is having to redo all the plumbing and electrical.

My guiding principle is, "Why do today what you can put off for tomorrow?"
It takes talent to spend all day doing nothing.

#### SamR

Joined Mar 19, 2019
3,448
When I first retired I made a comment to one of my older friends that I didn't know what to do with myself now that I was retired. His comment was "Well you can come over and watch me do nothing and learn how."

#### killivolt

Joined Jan 10, 2010
800
Hey, since the didn't approve my Stipend of $830 a month for the next 3.5 years, I'm considering taking my Social Security now at 62. Someone said somewhere in this thread I think? It was for me I could take it now and pay it back, then collect it when I'm 70 to get full benefits. Is that true? kv #### MrChips Joined Oct 2, 2009 23,858 When the children are all gone and a couple enters retirement, why is it that the woman always wants to remodel the kitchen? That seems to me like the triumph of fantasy over reality. Because the growth chart on the pantry door is tattered and torn, the children are gone and they've stopped scribbling on the walls. #### nsaspook Joined Aug 27, 2009 8,497 Still in the Work Club. The nice lady from the local OSHA during an audit asked me about EE group plans for employee replacement as older folks retire. I told her that my plan was to be next to the pool in Vegas while my replacement worked on this issue. #### jpanhalt Joined Jan 18, 2008 11,088 Because the growth chart on the pantry door is tattered and torn, the children are gone and they've stopped scribbling on the walls. Exactly, and they dream of those days with a full kitchen. Remodeling is a way to pretend it will happen again, but knowing it won't. Just like adding a fresh egg to a prepared cake mix. Not really necessary, but it makes the mother feel better and helped sell the product (described in "The Hucksters," Wakeman circa late 1940's). #### MrChips Joined Oct 2, 2009 23,858 For me I've already done paint throughout, flooring, trim, plumbing, all that's left inside is run a gas line to free up 40amps going to an electrical stove, then repair the electrical, paint the existing kitchen cabinets, new hardware, new fake marble kitchen top, some decorative tile under the cabinets. Already, did the 10x10 shed last year. After that plan to sell it and get the heck off this busy street, put the money in the bank, travel is on my mind, learn Italian and some french. Electronics is the farthest from my mind right now. But, I still like hanging out here off and on, Math, and Physics still a hobby for me. kv Because I still had lots of vacation time owing to me I managed to get five weeks off just before and after retirement day. I did my stint in France and got to work on my french. I hope to continuing practicing my french. Nice is nice and well worth a visit. #### dl324 Joined Mar 30, 2015 12,915 Hey, since the didn't approve my Stipend of$830 a month for the next 3.5 years, I'm considering taking my Social Security now at 62. Someone said somewhere in this thread I think? It was for me I could take it now and pay it back, then collect it when I'm 70 to get full benefits.
No. Once you start collecting early, you have the reduced monthly benefit for the rest of your life. The only exception used to be (don't know if it still exists) is if you decide within the first year that you didn't want to start payments and pay back all of the payments you received.

If you start collecting at 62 and live until 85, you'll get the same amount of money that you'd get taking payments from 66-85. If you live longer than the average life expectancy, you lose.
EDIT: retirement age info from SSA:

To get the latest word, you should check with SSA; rather than trusting some member who had good intentions but was wrong.

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#### jpanhalt

Joined Jan 18, 2008
11,088
There are lots of factors to consider. Life expectancy and taxes are two. Another is "last day of service." That may not affect all plans, but some plans base the benefit (up to a limit) on the last day of service. The net effect of that is, if you take vacation and begin retirement while on vacation, your benefits may be reduced. I always advised people who wanted to do that (I did not object to it ever), to come in on their last day for their retirement party.

Of course, no work got done on that day, but it satisfied the rule.

#### nsaspook

Joined Aug 27, 2009
8,497
No. Once you start collecting early, you have the reduced monthly benefit for the rest of your life. The only exception used to be (don't know if it still exists) is if you decide within the first year that you didn't want to start payments and pay back all of the payments you received.

If you start collecting at 62 and live until 85, you'll get the same amount of money that you'd get taking payments from 66-85. If you live longer than the average life expectancy, you lose.
EDIT: retirement age info from SSA:
View attachment 193343
View attachment 193342

To get the latest word, you should check with SSA; rather than trusting some member who had good intentions but was wrong.
I'm in the SSA sweet spot for lightly less than full retirement age (62+ with VA medical) but having a 14 yo in high school means waiting to at least until after she graduates HS to keep her medical coverage on a company plan.