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So Many Things to Think About

October 20th, 2021 at 09:00 pm

Nothing like the middle of the semester to get me mired in thought.  I'm thinking about good students, bad students, disappearing students, and fraught committee work.    I'm also thinking about retirement.  I posted a question on the forums after learning some of my friends are either already taking Social Security or planning on taking it early.  Has the advice changed on that? 

Other things on my mind are the tuition bill juggling for DD's fabulous Scotland education.  She's having a grand time after a few blips.  But DH and I need to make some decisions about whether and when we might move to the UK. 

And then I think about mundane things like food budgets and decluttering and whether we should redo a bathroom here.  I should think about cleaning the house, but just thinking about that was made me decide to go for a walk in the wondrous autumn weather while it lasts. 

4 Responses to “So Many Things to Think About”

  1. Wink Says:

    I will be taking SS early, I just don't know how early yet. I don't think the conventional advice on waiting to take SS until your full retirement age has changed, but not everyone can. I guess it just depends on your financial circumstances.

  2. Carol Says:

    Please do your research about social security and when to take it. Input your info on The Social Security website, read on Bogelheads online, and especially on Mike Piper, "The Oblivious Investor," who is very knowledgeable. The Social Security people themselves can also be very helpful if you make an appointment and go In to see them.
    You don't want to pay extra taxes or lose out on the best strategy for your particular situation, from not investigating and reading up.
    Good luck!

  3. My English Castle Says:

    Thanks, Cindy! The Oblivious Investor confirms what I always believed.
    The forums suggested that perhaps my friends' advisor wanted the fund under their management, earning the advisor a !% commission.

    I try not to get into my friends' financial lives, so may shut up about it. But I'm waiting as long as we can.

    I hear you, Wink. We may be a little less flush than I'd like the first years of retirement, and I know many people need the income sooner.

  4. rob62521 Says:

    DH took his Social Security early and although he probably missed out on the extra income, we planned for that by having the house paid off and other things done as well. One thing we did was I retired and DH was already retired is we figured out what the budget would be on the low ball side, and lived with that to see if we could do it. We did so it was worth it to us to retire early. Everyone has to make that decision on whether they can and want to do that.

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