DDD
Well-Known Member
A lady came into my store yesterday and appeared to be 60ish, bright and pleasant. We chatted for awhile and this is what she told me. Since many of our CD family members are looking for work I decided to share but, of course, I don't "know" that it is true.
She told me that she worked at a good job for thirty years. Then...she had to quit due to degeneration in her spine etc. After two years of not working she found a new job for two years before filing for retirement benefits. According to her the amount of your SS retirement is based on your income from your last two years of employment...only. So her high income of 30 years didn't count and she now receives a much lower monthly check that she anticipated...thus, she's out selling to supplement.
Somewhere, from someone, years ago I heard this same story but had forgotten about it. I'm not sure whether it is true or not but IF SO that is something everyone ought to know.
The other thing that I DO know is true but many women don't know...if you get divorced and do not remarry you can collect SS retirement benefits based on your former husbands work record. Yikes, I would be in great shape IF I had known that thirty plus years ago. DDD
She told me that she worked at a good job for thirty years. Then...she had to quit due to degeneration in her spine etc. After two years of not working she found a new job for two years before filing for retirement benefits. According to her the amount of your SS retirement is based on your income from your last two years of employment...only. So her high income of 30 years didn't count and she now receives a much lower monthly check that she anticipated...thus, she's out selling to supplement.
Somewhere, from someone, years ago I heard this same story but had forgotten about it. I'm not sure whether it is true or not but IF SO that is something everyone ought to know.
The other thing that I DO know is true but many women don't know...if you get divorced and do not remarry you can collect SS retirement benefits based on your former husbands work record. Yikes, I would be in great shape IF I had known that thirty plus years ago. DDD