Wayne Boatwright wrote:
> On Wed 30 Jul 2008 12:36:42p, blake murphy told us...
>
>> On Wed, 30 Jul 2008 00:57:23 GMT, Wayne Boatwright
>> > wrote:
>>
>>> On Fri 25 Jul 2008 02:12:01p, blake murphy told us...
>>>
>>>> On Fri, 25 Jul 2008 02:36:26 GMT, Wayne Boatwright
>>>> > wrote:
>>>>> It's only an occasional place for me to go, mainly due to the prices.
>>>>> I really can't afford frequent meals at that price, though wish I
>>>>> could. I really do like their food. As restaurant prices go, they
>>>>> aren't actually that expensive when compared to others, but it's still
>>>>> over my budget for more than an occasional stop.
>>>>>
>>>>> Having said that, I'm still very partial to old-fashioned traditional
>>>>> Cantonese chinese food, and it's also far more affordable on my
>>>>> budget.
>>>>>
>>>>> In another life it was easy for me to afford almost any cost of meal
>>>>> frequently. Those days are long gone, and I actually don't mind too
>>>>> much.
>>>> what? i thought you didn't become poor until you retired.
>>>>
>>>> your social security pal, blake
>>>>
>>>> ** Posted from http://www.teranews.com **
>>>>
>>> I'm almost at the point of considering myself one of the "working poor".
>> best to get used to it now.
>>
>> your pal,
>> blake
>>
>
> Yes, I know. I will be 66 in 2-1/2 years, which is when I can begin
> collecting Social Security. I plan to go on working, health permitting,
> until I'm 70, primarily in order to put some money aside and finish off a
> few things around the house. By the time I'm 66, both of cars will be paid
> for, as well as any remaining debt we have except for our house payment.
> All of this will help a lot. The company I work for doesn't have a
> retirement plan, so no money coming from there. While they do offer a 403K
> plan, I can't afford to contribute to itat present, although I will be able
> to by the time I'm 66.
>
You might want to run the numbers on drawing now or waiting until 66
Wayne. I did that some time back and began drawing my SS at age 62. My
accountant says it will generally come out to the point where you get
more money in the long run rather than wait to build it a little more. YMMV
I continued to work for 5 more years and drew SS at the same time. the
big rub with us is DW intends to teach two more years, that will make
her 70 when she retires. At that point in time the gubmint will take
away a good chunk of the portion of my SS she is drawing now and she
will have to make do with her minuscule teacher retirement when I am
gone. My company pension is just about enough to almost pay the light
bill. So much for working for a pension. Should have gone to work for
the feds like three of my relatives did.