Thank you for asking it. I turned 63 today and still need to work fulltime. Yours was a question I've been meaning to ask.
It's Time For Medicare (whether I want it or not)
- Thread starter Diggin It
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My current plan is to sign up at 70, but am hoping that at some point between 65 & 66 I can leave my full time job and just work enough to pay what bills I have and do some travelling. It's all dependent upon my health and the economy in the next 7 years.
Molalla1
Elite Member
I believe your last 10 years of full time working can make a big difference in the end . . .
Larry Caldwell
Elite Member
They're still dragging their feet, which just makes things worse. Now they are talking about a combination of higher taxes and reduced benefits to "save" the system. They've done it before.
DieselBound
Elite Member
Are there survivor benefits if both you and your spouse were/are collecting SS and one of you dies?
Gale Hawkins
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Yes is the short answer. More or less say your spouse draws $3K and you draw $2K. The survivor starts receiving largest check. There's efforts to change this for the better. Subscribe to some advisors on YouTube worked well in my case. SS decisions are easy to screw up. Advice directly from SSA can vary. The older the better I have found as a general rule.
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Gale Hawkins
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This points out why financial risks for those planning to be around beyond 2030 on average will worsen. I never never realized how over-educated we are in the USA for our good.
ovrszd
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Excellent video.
I'm under educated and trade oriented. I've saw this coming for two decades. Everyone in the workforce does not need a college degree. We need tradesmen. Our shortfalls today are blue collar. I've began to see a bit of a turnaround in my area over the past 3-5 years. Higher percentage of high school grads going to trade schools and into the employed world much quicker. One of my Grandsons is 21 years old. Certified Welder working on a large contract job in Georgia. Making more money than I ever made. Another Grandson who is self employed and had a Gross Income of $105K in 2021 with only a high school education.
There is actually a very strong market for young people who learn a trade. And they won't start their adult life with a huge education debt that will take them a decade or two to pay back. Or that we will forgive....
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Boiler Makers here have all the field service work they could want...
Hard Physical work and Dirty... but someone with two years community college welding and machining and clean driving record can earn 200k working overtime in their 20's... same for RN's willing to be fully vaccinated!
Opportunities are out there...
My contractor friends eliminate 70 to 80% of applicants because they are not eligible to drive company vehicles...
Hard Physical work and Dirty... but someone with two years community college welding and machining and clean driving record can earn 200k working overtime in their 20's... same for RN's willing to be fully vaccinated!
Opportunities are out there...
My contractor friends eliminate 70 to 80% of applicants because they are not eligible to drive company vehicles...
Molalla1
Elite Member
Yes there are . . . my son is a specialized welder and makes fairly deep 6 figures.