{"id":3649,"date":"2022-07-22T08:01:13","date_gmt":"2022-07-22T13:01:13","guid":{"rendered":"https:\/\/davidnoahenterprises.com\/?page_id=3649"},"modified":"2022-08-10T08:08:38","modified_gmt":"2022-08-10T13:08:38","slug":"retirement-2","status":"publish","type":"page","link":"https:\/\/davidnoahenterprises.com\/home\/retirement-2\/","title":{"rendered":"Retirement"},"content":{"rendered":"\t\t
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Your Best Life in Your Golden Years<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Cruising in the Caribbean<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Retirement<\/a><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Social Security<\/a><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Medical<\/a><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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I couldn’t wait to retire!\u00a0 I had had enough of working after 38 years.\u00a0 I had been a saver my whole career so I took the plunge!\u00a0 This seems to be the best time of my life, doing what I want to do, hanging out with Kerin, more time with family and hobbies like playing instruments, reading, puzzles, going to the beach or the pool, traveling, so much to do!\u00a0 I think it is very important to have hobbies and goals in retirement.\u00a0 It keeps you active and healthy and your mind alert.\u00a0 In other words, it keeps you younger longer!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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It used to be that you could start collecting Social Security at age 65.\u00a0 Now of course, they have what is known as the Full Retirement Age (FRA) which, depending on when you were born, could be between 66 years, 2 months to 67 years old.\u00a0 If you want to, you have the option of taking Social Security at age 62 but there is a huge loss of income over the years if you take it early.\u00a0 Social Security expects people to take their full benefit at their FRA.\u00a0 You can also wait until age 70 which maximizes the amount that you can receive per month.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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As we age and move into retirement, medical issues and there costs can become a huge issue.\u00a0 It’s one thing to get insurance through work, if available, it’s another to pay it on your own.\u00a0 Medicare helps a lot but you also have to do your homework about whether to get straight Medicare, Advantage Plans or a Medicare Supplemental Plan.\u00a0 There is a lot to consider as you reach 65 so you need to access your situation.\u00a0 You can enroll in Medicare 3 months before your birth month, to 3 months after your birth month.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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The end of a perfect day in Retirement – Thank You Lord!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Retirement<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Have you thought about what retirement means to you?\u00a0 As we get older, toward the end of our careers, we start to think about what it will be like to leave our jobs permanently and embark on the next phase of our lives.\u00a0 For some, this process can be a little scary \u2013 we\u2019ve been working our whole lives, that\u2019s what we know, what will I do now?\u00a0 Or they ask themselves \u2013 \u201cCan I even afford to quit working?\u201d\u00a0 For others, it presents infinite possibilities \u2013 looking forward to this adventure with wonder and awe.\u00a0 For me, I think it was a little bit of both.\u00a0 Scary, yes, but at the same time thinking that now I\u2019ve got the chance to do anything I want.\u00a0 But then I asked myself: What do I want to do for the rest of my life?\u00a0 What I realized was that what I want to do soon after retirement may not what I want to do 10 years from now.\u00a0 I will probably develop new interests and hobbies over time.\u00a0 That\u2019s fine.\u00a0 Kerin & I may want to travel now since future travel may be more taxing as we age.<\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Here are some helpful links:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tUSA .gov Retirement<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t120 Retirement Ideas<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Social Security<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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So when is the best age to collect Social Security?\u00a0 62?, FRA?, 70?\u00a0 Here is the answer that everyone hates to see – It depends!\u00a0 OK then, depends on what?\u00a0 I think the most important factor is our state of health.\u00a0\u00a0 Are you 62 or approaching your FRA but in very good health?\u00a0 Of course, as we get into our 60’s there is bound to be some aches and pains.\u00a0 Hey, we are slowing down, but that doesn’t mean we are in declining health.\u00a0 Are you pretty much healthy, no major illnesses or diseases?\u00a0 Family history is important here as well.\u00a0 Were your parents and grandparents in good health late in life?\u00a0 In other words, if you expect to live for another 25 – 30 years or so, you should think about holding off on getting your Social Security benefits since the monthly amount you receive\u00a0 will get larger and larger until age 70.\u00a0 The other major consideration in my mind is your financial record.\u00a0 Can you afford to not take Social Security without hardship?\u00a0 For some people, that is all the money in old age that they will receive.\u00a0 But if you have pensions, IRA’s or other income, you may want to reconsider applying for Social Security too early since the later you start (until age 70), the more you stand to gain over time.<\/p>

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tGo to the Social Security site<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tGo to My Social Security site<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Medical<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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We all know that Healthcare always goes up, it never comes down.  As we age, more problems develop and costs can get out of hand.  When I decided to retire, I still had a couple of years to go before I reached the Medicare age of 65.  I decided to take COBRA  from my employer.  This is the medical insurance you can get  when you leave your company. Unfortunately, it is very expensive.  You pay your 20% portion plus the employer’s 80% portion.  OUCH!  And it doesn’t last forever, I think it’s usually 18 months, that was what I got.  I then needed a plan for the next 6 months after COBRA ran out until I reached 65 and Medicare.  Those two years where expensive!  I’ve since turned 65 and am now on Medicare!  As stated in the Medical section above, Medicare comes alone by itself or you can get an Advantage Plan or a Supplement to original Medicare.  I signed up for an Advantage Plan that offers a Medicare Part B Reduction.  This is not offered everywhere but I think that most states have it now.  It pays a portion of your Part B monthly premium.  As of 2022, the Part B premium costs $170.10 monthly.  My Part B Reduction plan, or giveback, as it is sometimes known, pays $145 of the monthly $170.10 so I end up paying only $25.10 per month.  Not a bad thing at all!  Part B premiums are taken out of your Social Security if you take that.  I have chosen not to take Social Security yet so I pay my Medicare premiums directly to Medicare.<\/p>\n

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tGo to the Medicare site<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tGo to the Medicare (CMS) site<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Your Best Life in Your Golden Years Cruising in the Caribbean Retirement Social Security Medical I couldn’t wait to retire!\u00a0 I had had enough of working after 38 years.\u00a0 I had been a saver my whole career so I took the plunge!\u00a0 This seems to be the best time of my life, doing what I […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","footnotes":""},"class_list":["post-3649","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/davidnoahenterprises.com\/home\/wp-json\/wp\/v2\/pages\/3649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidnoahenterprises.com\/home\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/davidnoahenterprises.com\/home\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/davidnoahenterprises.com\/home\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/davidnoahenterprises.com\/home\/wp-json\/wp\/v2\/comments?post=3649"}],"version-history":[{"count":1402,"href":"https:\/\/davidnoahenterprises.com\/home\/wp-json\/wp\/v2\/pages\/3649\/revisions"}],"predecessor-version":[{"id":7334,"href":"https:\/\/davidnoahenterprises.com\/home\/wp-json\/wp\/v2\/pages\/3649\/revisions\/7334"}],"wp:attachment":[{"href":"https:\/\/davidnoahenterprises.com\/home\/wp-json\/wp\/v2\/media?parent=3649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}