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Thread: Check In with Social Security Early

  1. #25

    Join Date
    Dec 2007
    Location
    inland Northwest
    Posts
    4,124

    Default Re: Check In with Social Security Early

    my boss announced she's pulling the plug midyear. hope things go okay for her. as for me, by the time i retire, worst of the boomer retirement wave will be digested, i expect things will go pretty smoothly, bugs worked out, fers process routine. either that or i never get to retire, or i'll be working a private sector job a whooole lot sooner due to shrinking unsustainable tax base. may we live in interesting times.
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard

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  3. #26

    Join Date
    Jul 2008
    Location
    Trussville, Alabama
    Posts
    260

    Default Re: Check In with Social Security Early

    This is good to know! Sounds like we need to line up a job in advance and work until the Fed checks and SS starts coming in. The last thing I want to do is accumulate debt the first year I'm retired.

    D

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  5. #27

    Join Date
    Aug 2010
    Location
    Bush, Louisiana
    Posts
    110

    Default Re: Check In with Social Security Early

    When I retired Dec 31, 2010, my counselor at HRSSC told me I would get about 80% of my expected retirement payment MINUS health ins. Now if you have dental and vision add-ons, those payments are suspended until they have your retirement straight at which time they will collect the back premiums. I received letters from both about that. But yes they will deduct health ins from day one. I did get my first reduced retirement payment from OPM about the first of Feb. First SS payment expected last Thur of the month.


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  7. #28

    Join Date
    Aug 2010
    Location
    Bush, Louisiana
    Posts
    110

    Default Re: Check In with Social Security Early

    Quote Originally Posted by david.alan.williams View Post
    This is good to know! Sounds like we need to line up a job in advance and work until the Fed checks and SS starts coming in. The last thing I want to do is accumulate debt the first year I'm retired.

    D
    It's called planning. My sell back of 2 months of annual and eliminating small debts (credit card, etc,) prior to retirement, put me in great shape until OPM has things straight. And remember if you retire the last day of the month you get first retirement payment a month later. Retire first of the month and you'll wait 2 months.

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  9. #29

    Default Re: Check In with Social Security Early

    Brookmd,

    Me 2, if OPM ever decides to pay me, muhahahaha. Good think I don't owe anyone anything, plus having Social Security, TSP and Military retire pay covers our needs.


    Quote Originally Posted by brooksmd View Post
    It's called planning. My sell back of 2 months of annual and eliminating small debts (credit card, etc,) prior to retirement, put me in great shape until OPM has things straight. And remember if you retire the last day of the month you get first retirement payment a month later. Retire first of the month and you'll wait 2 months.

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