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View Diary: My 62-year old father was let go yesterday (295 comments)

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  •  At 62 apply for SS. Keep looking for work. You (2+ / 0-)
    Recommended by:
    sberel, SottoVoce

    can  work and collect SS at the same time.  Earnings up to a certain amount have no effect on your SS income.  Beyond that amount and SS gets taxed at higher rates.  Call your local  SS office and find out the details.  If your friend has used up her savings this could be a lifesaver while she continues to look for work, or only finds part time work.

    •  the difference between my monthly earnings (0+ / 0-)

      (for the rest of my life) if I take SS now or wait until 66 is considerable.  It's a bad bet to take it early unless I have to.  I'll get by.  It's the healthcare that's the bigger problem; I can take COBRA (hugely expensive) but I don't see many other options.  I belong, ironically, to 4 unions.  But besides the teacher's union while I"m still teaching, only one of these offers a plan for healthcare.  The main actor's union for me, Equity, provides health insurance IF I've worked 20 weeks in the previous 6-month period.  But, as an actress of a certain age, acting opportunities have also shrunk for me, which is why I'm teaching in the first place..

      Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it. --Mark Twain

      by SottoVoce on Sun Jul 24, 2011 at 03:20:17 PM PDT

      [ Parent ]

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