As you may know, I intend to retire next December. I had learned that before that though, since I have reached my ‘full retirement age’ as far as Social Security retirement benefits go, I could start collecting, even while I’m still working full time. I had been toying with the idea; the only reason NOT to, is because once you do, you stop growing your monthly retirement amount, and it freezes at that point, except for potential annual cost of living adjustments.
In many cases, one has to live more than 10 years more, for it not to make sense. I plan to live more than 10 more years, so I was hesitating.
BUT, with this new damnable tax bill about to be passed, and with the fact that it will raise the deficit over 1 trillion dollars in the near future, and the rumblings already that Medicaid, Medicare, and even social security retirement might be looked at to ‘fix’ that deficit, it occurred to me that if I didn’t lock into social security retirement benefits now, I might find them raising that ‘full retirement age’ for my birth year from 66 to 70 or even older, or otherwise cut into the ‘benefit.’ (which isn’t a benefit at all, we’ve earned it by paying into it for ALL of our working lives! But I digress.) I will NOT work until 70! I had to do something NOW.
Since it can take up to 3 months to start receiving the checks once you apply, I decide to bust a move and apply NOW. Get grandfathered in, so to speak, before Congress could screw me over. I didn’t want to be a ‘on the bubble’ regret, you know?
I got notice today that not only did my registration go through, but that I’d get my first check next month. YAY.
Take THAT, damned GOP congress! buwahahaha