You are lucky, saying you can make as much as you want, now. Over roughly 30K, I have to pay 42% income tax, instead of 26%. If I make, I think it is 56K, they start clawing back my Old Age Pension, which I think is the same as your Social Security. So I am in the enviable/unenviable position of being screwed for any extra I make. Only in Canada, they say. :-) John M. Ross Windsor, Nova Scotia, Canada jrpiano@win.eastlink.ca ----- Original Message ----- From: "Avery Todd" <avery1@houston.rr.com> To: "pianotech" <pianotech@ptg.org> Sent: Friday, March 11, 2005 6:02 PM Subject: Looming Retirement > List, > > Well, everybody, believe it or not, I've reached my FULL retirement age, > 65 + 4 months as of the 12th of March, to start collecting my full Social > Security benefits. The great thing about it is that now, since I waited > for that, I can make as much as I want to without any penalties! That > means that I can keep working full-time, plus any outside work, and I > won't have any deducted from my SS check. > > I went in yesterday morning to do the applying thing and found out that I > will get a full March check the 3rd Wed. of April, because I'm eligible as > of the month I reach full retirement age! > > I also found out the other day that because the school now has what is > called "the rule of 80", I'm only going to HAVE to work 2 more years to > get my full retirement from the Teacher Retirement plan. Rule of 80 is > your age plus the number of years of service have to add up to 80. I found > out today that they figure it based on your employment date, so I should > be able to retire, if I want to, in 2 yrs. this month. Of course, they > figure it on a certain percentage, based on how many yrs. of service, so > the more years I actually work, the higher that percentage will be. > > Just thought I'd share the wonder that I made it this long! :-) > > Regards, > Avery > > _______________________________________________ > pianotech list info: https://www.moypiano.com/resources/#archives >
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