Reply to Enrolling in Medicare, drawing down Social Security

Forum Index » Eldercare

Reply to "Enrolling in Medicare, drawing down Social Security"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]I'm going to be 62 in May and realize I should start thinking about this.

Regarding [b]Social Security[/b], I've been out of the paying workforce for eight years and DH is about 4 years younger than me. He plans to work for at least four more years and perhaps longer, though the remuneration may drop if he moves out of an executive role. While we are doing very well financially, my inclination is always conservative, e.g., draw Social Security as late as possible to receive the maximum monthly amount.

But maybe I shouldn't think about it that way. Perhaps I should start drawing down as soon as I can, bank some of it monthly, and pay it forward with the remainder. I would love to make anonymous donations to many folks in my life who have and do struggle financially.

Turning to [b]Medicare[/b], do I stay on our family insurance when I turn 65 (is that the age?) or do I pivot to Medicare? And what do I need to know? I've heard that the Advantage plans are not great, so better to keep with regular Medicare if you can swing the premiums (and I'm able to do so).

Are there folks with whom I can discuss these matters? [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics