Originally Posted by
Tybee
We are both still working, and make more than the 16920 I think you can earn without it affecting benefits. IL--that rule about how much you earn is still there. Not sure what rule you are talking about--hours?
"For the year 2017, this limit on earned income is $16,920 ($1,410 per month). The amount goes up each year. If you are collecting Social Security retirement benefits before full retirement age, your benefits are reduced by $1 for every $2 you earn over the limit."
If and when we stop working, or are making less than 17k, we will stop. DH plans to work til 70 if he can stand it, both to get more money and to build up 401k. His dad lived to be 93 and he looks just like him, so probably he is in for a long haul.
My dad is 89 and my mom is 91. But the grandparent whose body I seem to have inherited died at 78, so I have always thought I would not make it as long, so maybe I will take earlier.
It's a really good question. right now, it is our safety net if we get fired, I guess.