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05-29-2024, 07:41 PM | #106 | |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
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Posts: 79,350
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05-29-2024, 07:50 PM | #107 | |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
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Quote:
Wifes last day is tomorrow. We are taking our first road trip after she gets out of jury duty on Wednesday. Have a destination, its in Missouri but how long the road trip lasts depends on how much fun is being had stopping to look at stuff along the way as we travel. We are initially going up the east coast of Florida and over the panhandle. Neither one of us have ever got off the interstates to check out those beaches or towns. From there, who knows which path we will take north. |
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Posts: 79,350
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05-29-2024, 07:50 PM | #108 | |
(Sir/Yes Sir/Aye Aye Sir)
Join Date: Oct 2009
Location: Diving
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Posts: 116,675
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05-29-2024, 09:11 PM | #109 | |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
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Quote:
Retirees, however, are required to stay under an income limit while taking Social Security. For 2024, that limit is $22,320. After that, the Social Security Administration will deduct $1 for every $2 earned. |
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Posts: 79,350
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05-29-2024, 09:16 PM | #110 | |
(Sir/Yes Sir/Aye Aye Sir)
Join Date: Oct 2009
Location: Diving
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Posts: 116,675
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05-29-2024, 09:46 PM | #111 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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I believe the income threshold becomes unlimited at 67, full retirement age.
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Posts: 51,097
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05-29-2024, 09:55 PM | #112 | |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
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Quote:
For most born after 1960 it’s 67 years and 10 months. After you reach FRA, you can make as much as you want without a penalty. |
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Posts: 79,350
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05-30-2024, 05:45 AM | #113 | |
On Hiatus
Join Date: Aug 2000
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Posts: 11,427
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05-30-2024, 05:47 AM | #114 |
On Hiatus
Join Date: Aug 2000
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Posts: 11,427
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05-30-2024, 05:48 AM | #115 | |
On Hiatus
Join Date: Aug 2000
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Quote:
My bad. For me, my full retirement age was 66 years and 3 months. I worked up until March of this year and drew Social Security for the time that I reached FRA until this year. My advisor and I computed it and taking the amount early vs. waiting to draw was insignificant in comparison. That may not be the case for everyone so make sure you work with your tax advisor. |
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Posts: 11,427
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05-30-2024, 06:04 AM | #116 | |
On Hiatus
Join Date: Aug 2000
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Quote:
If you are near Jacksonville anytime on the road trip and want to get together for lunch let me know. Otherwise.....have a great time... |
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Posts: 11,427
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05-30-2024, 08:17 AM | #117 |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
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We are planning to go to the game in Charlotte. Planning to make it a road trip to visit the Biltmore and the eastern coast beaches and the Appalachian forest. You going?
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Posts: 79,350
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