My Tractor Forum banner
Cancel
Create thread New Forums

Not much activity here recently, so...I'm officially a Seasoned Citizen

Jump to Latest
21 - 40 of 79 Posts
Discussion starter · #21 ·
MARK (LI) said:
@wooserco I think you read me wrong...I agree 100%...Grab it while you can...I have been doing exactly what you are doing....started collecting at FRA, still working...and still paying in...sorry you thought that I was trying to convince you to do otherwise....I am a firm believer in taking it at FRA instead of trying to get more and then dying before you realize it
Click to expand...
Mark, You are correct I read you wrong. I'm sorry.

I have a cousin that worked for a steel mill in Chicago for 30 years. She retired at 30 years and had to have a physical to qualify for her company/union pension. They found advanced cancer. She died before she collected her first pension check.

Did that influence my decision regarding SS? Not really. BUT! It's always been in the back of my mind. So, I did grab it while I can.

As soon as I could, I did.
 
Discussion starter · #24 ·
Ariens93GT20 said:
Please don't. I took mine at 65 and eight months. The decision had been made four months earlier while laying in a hospital bed. Second time in two months. Was hard we went threw all our saving while I was laid up for a month. That almost check out factor from this life has a way of changing ones mind. It was like what happens next time if I have to go in. For the difference in waiting for full pay at 67 just was not worth the risk. Up to that time the plan was to wait till 70.
Will here I am will be 68 in April. If I want to live in pain and walk around with a cane four days a week anything over a 12 hour week in three days is a pipe dream.
Do I wish I had waited? No way. Everyone has a plan and life circumstances. Doing what fits yours is what is important. If and when they solve my health issues I can always go back to work. I still have customers waiting on me.
Click to expand...
My prayers are with you. I've been blessed. I've beaten cancer twice and am still able to work. BTW, my customers are what keep me going.
 
#28 ·
wooserco said:
THAT IS THE GOVERNMENT DOUBLE DIPPING!

I have a co worker that closed his business when he realized that the local, state and federal governments made more from his business than he did!
Click to expand...
That 50% or better hits hard doesn't it.
A little here, a little there it adds up then there's that even nastier thing called expenses.
Now why did I bother to leave the house?

I have learned the hard way the good customers will be there when you need them.
Some became more than customers and are considered second families.
If they needed me there health issues or not they know I would be there for them.
 
Discussion starter · #30 ·
MARK (LI) said:
We did wander off the topic...let's get back to hearing about wooserco's plans for this tractor he is finally getting (y)
Click to expand...
Besides snow removal with the SB50 blower, during our Northern Michigan winters, it will have the 60" mmm drive over deck, FEL and some 3pth implements. First will be a 5' back blade and rear weights.

We have a ton of landscaping to do. Previous owner didn't really take care of the place out side. There are lot line tree trimming to do. Removal of cut railroad ties on end around the perimeter of the house. Removal of shrubs planted in 1974 when the place was built.

Given the trees overhanging the new roof and the stumps left around the 3/4 acre yard there are over 6 0 stumps to remove ranging in size from 1 inch to 40 inches across. The six over 12 inches will probably require assistance from my BIL with his full size backhoe.

Then there is the removal of the extremely uneven paver block patio between the house and garage and upheaved sidewalk. The FEL is going to get a work out.

When that is done, I'll start on tearing up the asphalt driveway and prepping for new concrete from the street to the four stall garage/shop.
 
Discussion starter · #31 ·
Well, it's bedtime for me. I'll catch up with everyone tomorrow after I put brakes on the truck so that I can bring home the Kioti CS220 and her attachments next spring.

Let's hope that the JD.L130 holds out until then! She's been good to me. But it's time to put her to pasture and move up to something that will be up to the tasks that I have ahead of me.
 
#32 ·
Well ... Praise The Lord for every new day we get!

I plan to take the early ss retirement at 62, in 61 more months ... I'm a single man with very little needs at this time, and won't even need my 401k until forced to take it at 72 ... God has been very good to me too!

Congratulations on being able to aquire a SCUT! It will amaze you at what a small tractor with hydraulic's and pto can do ... And save your back too!

A couple of suggestions for your new tool ... Get the SSQA on the loader, and a lightweight set of pallet forks to go on them!

Also consider a Quick Attach on the rear 3pt hitch ... Those things are a blessing, and time saver!
 
#33 ·
I started taking SS and I retired at 62 and I don't regret it. My wife only collected SS for one year before she passed so I learned that you better take it as soon as you are elegible if you can afford to do so. I have both a military retirement and county retirement on top of my SS so I could afford to retire at 62 comfortably. I may decide to return to work parttime after I hit FRA though if I feel like it. But I will work from home if I do so.
 
#34 ·
wooserco said:
Just a side note: I applied over the phone on Monday 2-13 between 10:30 and 11:00 am and my first check was deposited at 7:01 pm. on Wednesday 2-15. I didn't think that the government could EVER work that quickly!
Click to expand...
WOW! I went to the SS office I was assigned to in late 2018 and was greeted by a full parking lot with people lined up on the street to get in. It looked like the pic below...(ok, maybe a 5% exaggeration)

I had to make an appointment to receive a telephone call back from SS . Next available appointment was 4 weeks later!! AND, you'd better be there waiting for that call or you get passed over. My wife and I got on the speaker phone and after about 45 minutes had everything set up and ready. Women who called really knew her stuff and was a credit to customer service people.

Image
 
Save
Reply Quote Like Like
#35 ·
wooserco, welcome to the pack.

If you don't get a BH for your rig, I would suggest a Piranha Bar for the FEL. It will help for those times that you need to break some ground. I could see it as being very useful for your driveway project.

Oh, and I'm 60 and I'm counting the days towards retirement. Current thinking is a slightly early retirement at age 65 (full retirement for me is 67).
 
#36 ·
I highly recommend the CS2220 with the SL2420 loader. It will have SSQA and 1,062 lbs of lift at the pins.

If you plan to use PTO implements, you may want the CS2520 for the extra PTO hp.

As others have mentioned, the SSQA will allow you to get a set of real pallet forks, which is a wonderful tool.

I also highly recommend the Piranha Tooth Bar for the bucket, and the SB50 front blower. Once I installed my PTB, I never took it off.

Image
Image


Image
Image



I got my rear blade from Tractor Supply at substantial savings. Here's a video of my SB50 from last year: SB50 link

Cal
 
#37 ·
Beware of "IRMAA". No, not that nice bar tender Irma, IRMAA which is Income Related Monthly Adjustment Amount. If your income exceeds a set amount (as reported to SS by the IRS), the Medcare Part B and part D monthly premiums can more than double. Might be nice for some to get a retirement or job elimination bonus, some may even get a full year's salary as an incentive to retire. But for those who retire late in the year, or leave their employer with some kind of separation bonus or payment on top of most of an annual salary, they may find they are dumped into this IRMAA adjustment Medicare Premium penalty snake pit. It takes letters and forms and time to get them to review it and change back while they short your SS benefit check. If you did receive an unusual, one time income, they get you for a year's increased Medicare premiums even though you are now on a fixed income.

No need for panic, just look up IRMAA and be aware of its income thresholds for your situation.
 
Save
Reply Quote Like Like
#38 ·
@3 Legged Dog ...Cal..love watching that video...did you paint your blower, or is that a picture from before you used it?.
Alien5044 said:
Beware of "IRMAA". No, not that nice bar tender Irma, IRMAA which is Income Related Monthly Adjustment Amount. If your income exceeds a set amount (as reported to SS by the IRS), the Medcare Part B and part D monthly premiums can more than double. Might be nice for some to get a retirement or job elimination bonus, some may even get a full year's salary as an incentive to retire. But for those who retire late in the year, or leave their employer with some kind of separation bonus or payment on top of most of an annual salary, they may find they are dumped into this IRMAA adjustment Medicare Premium penalty snake pit. It takes letters and forms and time to get them to review it and change back while they short your SS benefit check. If you did receive an unusual, one time income, they get you for a year's increased Medicare premiums even though you are now on a fixed income.
No need for panic, just look up IRMAA and be aware of its income thresholds for your situation.
Click to expand...
Yeah...Irmaa can be a killer...I had a really good year a few years back, which gave my SS a boost....but the Irmaa more than wiped out the increase...that Irmaa is the only drawback to continuing working after you go on Medicare
 
#39 ·
MARK (LI) said:
...that Irmaa is the only drawback to continuing working after you go on Medicare
Click to expand...
Well, there's also the problem that life’s timer continues its countdown regardless. And no one knows what numbers are displayed on it! 😂
 
#40 ·
I figured I'd take my SS at first eligibility for unreduced benefit at 66 years old if I recall it correctly.
Heck, the later you take SS to get a little more benefit, the less active you are to enjoy it and fewer years too.

My case it looked like this:
Taking the unreduced SS benefit at my 66th birthday gave me a regular monthly SS income. I projected that monthly income out to age 85 for analysis. I then calculated the increased income from waiting to take SS until age 72 and projected it out to 85. Comparing the two streams side by side showed me that I would be 82 years old by the time the two cumulative totals reached the same amount. That is 16 years of later life activity my friends.

Granted after age 82, if I make it that far,:unsure: the increased cumulative number does favor the waiting game. BUT by 82 I may not give a hoot, or may not even be able to give a hoot!.

I took my SS benefits while I can enjoy them. I'm 70 now, and it will be another 12 years before the alternative of playing the waiting game would have caught up to me. By then I probably won't give a hoot. :giggle:
 
21 - 40 of 79 Posts
About this Discussion
78 Replies
15 Participants
Last post:
wooserco
My Tractor Forum
posts
4.4M
members
246K
Since
2005
A family friendly forum community dedicated to all Tractor owners and enthusiasts. Come join the discussion about specifications, modifications, troubleshooting, maintenance, and more!
Full Forum Listing
Explore Our Forums
John Deere Forum Craftsman/Sears Forum Backyard Round Table: L & G Tractor Related Topics Introductions Walk Behind Mowers