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Mike, if you want to keep working your are very limited about drawing your Social Security, which you will have to do if you get medicare. Unless things have changed. Also consider that if you have retirement coming, you will probably have to pay income tax on your Social Security. I pay about 25% on my wife and my Social Security income back to them every year. miles

Anyone remember when Homer Simpson gained 300 lbs so he could get on the dole early? 😃

I’m still working at 68, drawing my Social security. I pretend it’s my welfare check coming in. They take my Medicare and Medicare penalty out of that. The harder you work, the more money you make, the more they take from you. The freeloaders got it made!!!

I would work until you are 65 and eligible for Medicare. You have to sign up in your 65th year or you are subject to a 10% penalty for each year you wait. That penalty doesn’t go away.

I retired at 55 but kept my company's insurance for leaving my name on the letterhead & attending board meetings. Obama care is your best bet.
Just remember insurance
ecompanies don't make money paying claims.

You are nothing but a policy number to them


https://money.usnews.com/money/retirement/articles/medicare-enrollment-deadlines-you-shouldnt-miss

That’s probably right. Even though you’re strong and healthy...and your health is “perfect” according to your last exam...but you “still do not want to take a chance as you never know”, you can buy your own and give someone 800 dollars a month (or more) because of fear and worry that something ‘might’ happen over the next two years. That’s basically giving someone $19,200 (or more) over the next two years because of fear and worry that something ‘might’ happen. Many people who are strong and healthy wear masks and get Covid shots because of fear and worry that they ‘might’ get Covid...and they are castigated for doing so right here on this forum. Fear and worry are fear and worry. Take a chance, roll the dice...or pay out the ass because of fear and worry that something ‘might’ happen. Again, even though you’re strong and healthy...and your health is “perfect” according to your last exam.They laugh their ass off, and rake in the money, due to the fear and worry that strong and healthy people have that something ‘might’ happen...just like guys on this forum laugh their ass off at the strong and healthy people who wear masks and get Covid shots due to the fear and worry that they have that they ‘might’ get Covid.

Good suggestions here. Mine is to work until you hit 65, then get on Medicare and get an advantage plan, maybe for both of you. The extra SS money you get by putting off retirement might be enough to pay for it, or part anyway. If you need to work to pay for insurance, why not work for good money and keep your vacation etc while you do it.

Or...

Jump in a time machine and go back to when you started working and pick a company with a pension and health insurance for retirees like I did. My father did that too, retired at 57, collected his pension and had insurance until his death at 95 years, 364 days, 23 hours and 19 minutes; longer than he worked. Stickin’ it to The Man!😜

Having a pension is nice, fewer and fewer pension plans out there. I’m thankful I’ll have one when I retire. It cost me a lot to get a job that had a pension, but have made up for it.

There are people on here that whine because others have a nice pension. I was making 22.00 in 89 when I came here. I started here for 12.00, so it cost me 20,000 a year to get on. They offered me 2.00 to stay, but we won’t count that. It was ten years before I got back to 22.00. The whiners weren’t with me the evenings I was working a second job at Kroger stocking shelves with teenage boys or putting plumbing in houses on the weekends to feed the family. Things got better when wifey got her engineering degree, quit second job the day she graduated, quit plumbing houses as soon as I completed those I had going.

If you are a veteran you can use the VA, I have relatives who are doing that. Seems to work.

Note: Anybody retiring now and expecting social security will have to be at least 66. Soon will be 67. Think but not sure that Medicare can kick in at 65???? That extra year or two is a big difference in retirement planning. .

I retired at 61. And I stayed on company cobra for a year but found a lower cost option, but not cheap, believe it was over $1000 per month. Companies really don’t want you on cobra so they structure it to discourage participation in it. Or that’s what it seemed like to me.

You have to be born 1954 or earlier to receive full SS at 66.

You can start getting Social Security benefits as early as age 62. And you’re eligible for Medicare benefits at age 65.

Just somethin’ to consider:

https://www.biznews.com/thought-lea...-data-shows-how-work-pounds-older-bodies

The one thing you need to know is that the benifet companies and your x-employer is trying to kill you. Once you understand that the rules will be much more clear. Your dead value is greater.

You get 70% of the amount you would get at full retirement age.

Yep. It’s a trade-off.

Take a peek at that article I posted above. For me, I’d rather start drawing it at age 62 (even though it’s 70% of the amount I’d draw at full retirement age) and live into my 80’s (or more)...than to work until full retirement age (and draw 100% of SS benefits) and then die within 2 years after retirement.

Live overseas for a couple years.

COL can be much cheaper and access to US schooled doctors and medical care is actually affordable in many places.

There are, but I ignore them. My bennies (and yours I imagine) come from agreements made between two private parties and are none of their fuggin’ business. Odds are I won’t collect as long as my father did, bit it’s worth a try. Been 11 years so far.