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Anonymous
Somewhere I read that the average age for retirement is now 63 (I just turned 65). As I have studied Medicare, I understand now -- your add-on premiums will be based on your income the year prior to applying for those programs. Depending on when you turn 64, actually retiring now might be worth it in the long run, at least as medical is concerned.
Anonymous
Thank you. I need to start looking at Medicare options although my plan is to work until I’m 70. (I have some employment gaps due to recession induced layoffs.)
Anonymous
In some workplaces, you have to switch to Medicare at 65 so they don't have to pay your health benefit.
My plan is to work until 70, too. I got laid off at 63, with COBRA for 9 + 9 months -- which is why I had to investigate all this stuff.
Anonymous
Sometimes working longer hours doesn't mean better work; if we're exhausted, we aren't at our creative best. Good for you!
Anonymous
Thank you!