Comments on: Working Part-Time During Retirement: A Smart Choice

By: Chrys M

Chrys M — Sat, 10 May 2025 20:22:53 +0000

In reply to Yoga Woman. Health Insurance is a big deal. You need it more than ever. Thirty six months without it is NOT advisable. You will need to buy insurance. Consider that it could cost you a lot more than before you started to collect benefits and were receiving benefits from SS. Do your research before you take the leap. Learn from my mistakes. One more thing most part time jobs DO NOT offer benefits like health insurance, holiday, sick pay or personal time pay. Be careful.

By: Yoga Woman

Yoga Woman — Wed, 22 Jan 2025 22:45:23 +0000

In reply to Alicia Ensing.

Hi Alicia! Good news! The earnings limit of $23,400 is in addition to your Social Security benefits.

Best,
Marlene, Yoga Woman

By: Yoga Woman

Yoga Woman — Tue, 24 Dec 2024 19:54:52 +0000

In reply to Rebecca Carnahan.

Hi Rebecca, Great question! Let me clarify. If you work and if your latest year of earnings turns out to
be one of your highest years, Social Security will recalculate and pay you any increase that’s due. Your benefit amount is based on your highest 35 years of earnings. Not knowing your history, or current earnings, I can only say that’s it’s possible. It’s a point I try to emphasize because many people don’t know this. This PDF from Social Security explains the topic in detail. https://www.ssa.gov/pubs/EN-05-10069.pdf Please check out page 7 where this question is answered. Thank you!

Best,
Marlene, Yoga Woman

By: Rebecca Carnahan

Rebecca Carnahan — Tue, 24 Dec 2024 06:31:31 +0000

Hi,
Thank you for your interesting article. I have a question about your comment…
“When you work part-time and pay Social Security taxes, the credits in your account increase, which can raise your benefits when you reach full retirement age.”
What do you mean by this? It sounds like you are saying that If I retire early and still work, when I reach full retirement age I will suddenly get a higher amount of social security? I never know this to be true. Please elaborate.

By: Yoga Woman

Yoga Woman — Wed, 22 May 2024 19:12:05 +0000

In reply to Dottie.

Hello Dottie, Thanks for asking. Rebel Retiree and I went for a time without coverage until Medicare kicked in. However, some of the options available include COBRA, Medicaid, state programs, individual and family plans, and health savings accounts. I’ve read that part-time work occasionally includes health insurance. I encourage you to explore these options to determine if they are appropriate for your unique situation. I know that health insurance is expensive and can be a deal breaker for some folks wanting to retire at 62. Thanks for stopping by. I hope this helps and you’re able to retire sooner instead of later.

Best,
Marlene, Yoga Woman