Retirement Questions
and Answers

Kenneth's questions  If I retire at age 65, how much money can I earn and not be penalized.

For instance, if I get a job earning 30,000.00 during ages 65 and 66, what is ...

Recalulation of Social Security benefits possible?  Is it possible to have a recalculation of my social Security benefits? Ii took early Social security. I am now 68, and trying to survive on 434$ a Month,...

Senior Pen Pals: contact with other seniors??  where is the list of others on this site wishing to contact other seniors??

Wendy: Senior Pen Pals and instructions are here.

Retiring: What questions do I ask my employer?  don't know where to start. i am ready to retire and don't know what questions to ask my employer.. ie do i have extended insurance plan..how long. if not ...

Seeking Friendship in Milton or Pensacola FL area  how do i find some one in my area milton or pensacola fl.area? i would like to be apart of this site, i would also like to meet some people in the areas ...

Retirement income in one state, and move to an other state  Which state tax rate do i pay? where i earned it or where i moved?

Wendy: Good Question - but not one that I can answer as I don't know the tax codes ...

Company funded pension  What happens with my company funded pension when I reach age 62?

Wendy: I need more details.. are you still working for the company or did you leave ...

Lost Pension with PEPCO?  I WAS TERMINATED FROM PEPCO OVER 20 YRS AGO. DO I HAVE MONEY IN RETIREMENT OR OTHER EMP ACCTS THAT I COULD WITHDRAW?

Wendy: I really don't know what ...

College Student with
Retirement Question  HI! I'm in an adulthood and aging course at Lackawanna College, PA. My Professor's name is Sharon N. A classmate and I are doing a power point presentation ...

Ready to Retire? 30 years at the same job...  I will be 60 in 3 weeks and I want to retire from my job because of the stress.

I'm to young to stay home all the time and I am at a loss as to what ...

Early retirement  Hi I am 55, 56 in December I have worked at two companys - one for 10 years the other for 18.

I was laid off from the last 2 years ago and have a pension ...

Retirement party  After you retire, when should you have a retirement party?

Wendy: Honestly, the retirement parties I've attended were all done before you retire, or ...

Retirement benefits and disability benefits  I am eligible for disability and will get my first check soon. Will I also be able to collect my social security retirement benefit or are the two combined?...

UK Will  My aunt in England passed away this year.

Her will has left everything divided between my cousin in England and myself in Australia. As my cousin is ...

Taxation on pension  Are taxes taken out of my pension if I move from Calif. to Nevada?

Wendy There is no personal income tax in Nevada (working or retired). Some states,...

Thank you for your site!  Hello Wendy,

You website is amazing and so professional. I came to your website as I wanted to meet new people. Not for romance at all. I love hearing ...

Wrestling with the decision.... To Retire or Not To Retire?  I'm torn between loosing the salary and gaining the stress-free life I feel I've earned after 22 years of teaching. I'll be 67 in April and would like ...

Why work?  I'm 63 and in government work. Currently have 37% disposable income. If I retire now, between pension and SS will have 32% disposable income. This includes ...

NEW RETIREE: Should i worry?  Just retired w/$500k in a Fidelity managed IRA. it has lost $10k in three weeks!!!

Wendy's Two cents: I'm not a financial planner so I'll leave that ...

Retiring and RVing  We are trying to RV but the housing market stopped us from putting the house on the market. We owe what the house is now worth as opposed to 5 yrs ago....

Paying taxes on a state retirement from MI
because now living in IN...  MI retirement office didn't know who I should contact in IN to find out how much I have to pay and where to pay this amount. Could you help me? Thanks....

How to De-clutter the Home?  How do you clear out all the papers, books, reference books and other clutter accumulated from your teaching years?


Wendy's Reply: Oh wow, Mari,...

What to do in Retirement
for Michigan Senior  I need some suggestions as how to cope with my newly retired husband who has no hobbies except watching t.v.

Thank you.

Wendy's two cents: Hi ...

Still working & drawing social security...  Do i have to quit my current job in order to start drawing my social security benefits at age 66?

I need to continue working for spouse's insurance ...

IRA from company  I am 63 and in April will be eligible to invest in my company's IRA plan. I intend to continue working until I am 70. Should I join?

Wendy Absolutely!...

Social Security and early retirement.. now what?  I received 3 months ss payments at age 62 and then returned to work. I plan to continue working till full retirement age of 66.

Do I need to repay ...

How to find Veterans Clinic/Hospital  My friends who moved to portsmouth, va, is 60 an was in the military 10-16yrs, an needs to know where the closest v.a. clinic is /Hospital can you help ...

Health Insurance with Medicare  I would like to know , since I have 2 medical ecoverages, is that enough? I have medicare PART A&B.... I also have tri-care prime for life!

Just want ...

Distribution of IRA   I purchased an investment property for retirement 2 years ago. I paid 50% and carried a mortgage for the remaining 50% . With the way the economy seems ...

Retirement Social Groups by email?  How do i become part of a social email group? I do not use Windows Messenger--i use ATT/Yahoo to send and receive emails.

Wendy If you are talking ...

Retirement age  I get an annual letter from Social Security advising me what I can draw at early retirement age 62 and what I can draw at full retirement age 66. My question ...

Drawing benefit and contiune working in Texas   I have my own company LLC and I want to continue working and starting drawing my benefits from social security...

Wendy: Oh boy, like the last few ...

Social Security maximum earning penalty  Thanks for your site Wendy, and thanks to all who may contribute knowledge.

I was born in '49, so my full retirement age is 66. Is that when I can ...

Retirement and Taxes  If you are 66 and continue working with full salary and draw social security, what percentage do you pay in income tax?

Wendy Not a simple question ...

Pension vs Spouses Social Security  Hi,
Can I collect on my husbands Social Security if I am collecting my own retirement from a State retirement fund?

Wendy Social Security has nothing ...

Which retirement option to pick?  I am wondering whether to pick a retirement option with a 10 year certain payment, or whether to take a chance on a contingent annuity?

Wendy: Oh ...

Retirement Payments  How do I change the account number on my monthly electronic payment?

Wendy: I assume you mean Social Security...

If so, it's all here on the Social ...

Early retirement benefit of deceased husband?  He would have been 62 in 7 months, and I'm only 48.

Can i receive his early retirement?

Wendy: First, my condolences to you... what a shame, much ...

Social Security income while working  Can you hold down a full time job and collect your salary and Social Security after the age of 62?

Wendy: No, you lose $1 of Social Security for every ...

Social Security Income Limit: Help..  If I am 64, full retirement age is 66, and I file for social security benefits, how much can I earn and not be penalized? Need Earnings per year while ...

When to retire?  I plan on retiring at the end of 2013. I will have 20 years with my company and I will be 63 years old. Should I retire at the end of the year or go into ...

Working after retirement   The Social Security website states that if you continue working after retirement, they recalculate your benefit and adjust it in the following December....

Retirement: Rental income and Social Security benefits  Is rental income included in earnings towards the $12,900 limit to receive full Social Security benefits?

My medical corporation pays me rent for the ...

Social Security Payments  The social security site shows that my start date for benefits began on 5/09, but I did not receive my first check until 6/09. Was that check for May ...

Retirement funds
Lost in a Ponzi Scheme!  My employer has had me in a retirement plan with Three Oaks Currency Fund, LP for the last 12 yrs. I have recently found out the this was a Ponzi Scheme....

Retiring: Sale of LLC?  I am getting ready to retire at age 62, I have a full time career now and also own an llc. Can I sell the llc to my wife before I retire so that the income ...

Retirement: Divorced  I was married for 18 years and was awarded half of my x husbands retirement.

Do I have to wait to get my half... I want to invest. is there anyway ...

Work pension plan  I worked for a place that did away with their retirement plan and put the money into our 401k plan. I have retired and taken that money.

Do they keep ...

Medicare and Still Working...  I signed up for Medicare A before my 65th birthday. If I receive social security at 66 and continue to work with employer-paid health coverage, do I have ...

Recently Retired...
is this confidential?  Are these e-mails confidential?

Wendy's reply: It depends on what you want to do. If you use the "contact me" on the left navigation bar, a private ...

Best Health Insurance Plan for Mom  I have been scouring the insurance sites trying to find out which health insurance plan & company is best for my elderly Mom. I figured if anyone knew ...

Low Income help for retiree  I have a few questions that I would like to find some answers to :
We live in Colorado I’m 63 and my wife is 69, we are both receiving SSA benefits.

It ...

Retirement Earnings  At age 68 is there a limit to how much I earn if I started drawing my social security benefits at age 62?

Wendy's Reply: Depending on your "full retirement ...

Retirement e-mail  I can't seem to get on to the retirement e-mail.
How do I do this?


Wendy's reply: Click on the CONTACT ME on the left navigation bar.. and tell ...

Retired people having to reenter the workforce and the positive implications  I am writing a paper for my BSN on retired people and senior citizens reentering the workforce. I would like to list the negative and positive impacts ...