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Subject:  Re: Here's my deal and state of mind Date:  12/5/2012  1:30 AM
Author:  gdett2 Number:  71080 of 88498


Congrats on realizing that there is more to life than working! Retiring is not sitting in a rocking chair on the porch. I believe that a lot of days, I work harder for free than I did when I worked for a paycheck.

You got the basic answer on SSA, If you do work and get a reduced benefit, the wages are added to your SSA record and your benefit gets recalculated at FRA(Full Retirement Age) and normally increases. You can't sign-up for benefits until 90 days before your 62nd birthday.

Have you done any planning? I believe the most important aspect of planning is to get an accurate plan for expenses. You do not want to find out too late that you under-estimated expenses.

This planner was in a post on another board. It is simple but gives a pretty good picture for income/portfolio planning for retirement:

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