Thank you Thomas. I appreciate your post.Congratulations on your retirement, Fac,
Thomas
Thank you Thomas. I appreciate your post.Congratulations on your retirement, Fac,
Thomas
It wasn't but then I was hired by an investment company as their Controller. Great 401k plan. 50% match no limit. Do the math on 7 years with me maxing out on it. Plus they will watch my portfolio with no fees forever. Been working 3 days a week for the past 3 years Tuesday thru Thursday 6:30 to 2:30. Beat rush hour going in and coming home.1957 was a good year. A boatload of attaboys going your way for your courage and persistence. It couldn’t have been easy, all respect.
Southport NC
I know where that is. Growing like crazy up that way but you can pretty much say that about the whole south eastern part of NC. We’ve been here a little over 3 years and love it so far.We have a place in the Avalon subdivision up 211 past the Lowes Foods, in Bolivia. Really like Southport. Kids love eating at the frying pan and watching all the water traffic.
Well, Sluggo, I'm certainly not in the 37% tax bracket, but receiving additional income from SS did place me in the 28% fed bracket for a while.Anyone retire due to RMD? Why work if 50% of your income or more goes to the feds for taxes
| 28% | Single Filers $90,750 to $189,300 | Married Joint Filers $151,200 to $230,450 | Head of Household Filers $129,600 to $209,850 |
| Over $168,400 but not over $321,450 | $28,765 plus 24% of the excess over $168,400 |
| 22% | $96,951 on taxable income from | up to . . .$206,700 |
I know where that is. Growing like crazy up that way but you can pretty much say that about the whole south eastern part of NC. We’ve been here a little over 3 years and love it so far.
Well on one hand I m lucky. I’ve been making good money but I’d be in the next bracket above the 22% . but if I don’t work n just live on my RMD and SS would be around 120k per yr n my tax burden would be a lot less. And I can do that. Just feel guilty not workingWell, Sluggo, I'm certainly not in the 37% tax bracket, but receiving additional income from SS did place me in the 28% fed bracket for a while.
11- years ago, in 2015, Kar & I filed for Social Security (FRA @66). My wife owned a custom window treatments business but shut it down about 25-yrs ago when the joints her hands became too inflamed from the tedious hand working on the custom drapes.
I was working full time receiving SS checks, small pension from the Operating Engineers Local 542, and a few taxable company benefits such as bonuses and usually 10-15 unused vacation days, placed me in the 28% fed tax bracket. I requested to reschedule my work week to 4-days, with an understanding I would work whatever time needed to complete rush projects for various clients.
In 2019, I was asked by the owner of the engineering company if I wished to work a three-day work schedule,
with the same prior benefits. I welcomed the opportunity, especially in the few months ahead I would be required to make the RMD @ age 70-1/2 which would be added to my income.
This year marks the 40th year I have been with this firm.
2015 Fed tax bracket:
2019 Fed taxes
28% Single Filers
$90,750 to $189,300Married Joint Filers
$151,200 to $230,450Head of Household Filers
$129,600 to $209,850
2025 Fed bracket
Over $168,400 but not over $321,450 $28,765 plus 24% of the excess over $168,400
22% $96,951 on taxable income from up to . . .$206,700
56Just curious, for those who have retired, how old were you when you retired?
Applied for Social Security in 2015 @ age 66 (FRA).Just curious, for those who have retired, how old were you when you retired?
Not sure I will fully retire. Most data now shows that to live a long active life you need a reason to get out of bed everyday. I can't sit around and stare at the walls. I need things to do. I will always work of some kind, as I get older probably at a surf shop or bike store. Even if it’s a walmart greeter. I like feeling productive and making a difference. Lots of data showing you retire and plunk yourself on a couch you are gone within 5-8 years. Brain and body go to mush.
After 49 years in IT, I called it quits. My last day was Friday. I’m a month short of 70.Just curious, for those who have retired, how old were you when you retired?
Hell yeah!!After 49 years in IT, I called it quits. My last day was Friday. I’m a month short of 70.
After 49 years in IT, I called it quits. My last day was Friday. I’m a month short of 70.
I checked out in Northern VA 2 years ago and never looked back. Now I’m a starter at a golf course and work about 16 hours a week. Cant beat it.I'd say I'm 10-13 years away but am checked out. Just do not care. Driving into DC today was absolutely brutal due to construction on every part of my commute and dozens of road closures due to the King's visit. I don't dislike my job - I love it to be honest. But, do not love it more than the alternative, which is doing what I want when I want. The DC bubble is intense too and it's depressing being around extremely rich people whose contribution to society is making money for more extremely rich people.
Not sure if you'd regret it in a few weeks or months but it would feel amazing.
![]()
What is that you are talking about?Does visiting this site ward off dementia and the like or hasten it?
![]()
you will never know, we will, but you will not........Does visiting this site ward off dementia and the like or hasten it?
![]()
It actually pulls you into the world of A.I. and you will not know what is real or the matrixDoes visiting this site ward off dementia and the like or hasten it?
![]()
Are you invited to the wedding?I checked out in Northern VA 2 years ago and never looked back. Now in a starter at a golf course and work about 16 hours a week. Cant beat it.
Will be 50Just curious, for those who have retired, how old were you when you retired?
45.Just curious, for those who have retired, how old were you when you retired?
Aren’t /weren’t you and @laKavosiey-st lion best friends from PSU?
Never thought about that. I would doubt that’s on the horizon.Aren’t /weren’t you and @laKavosiey-st lion best friends from PSU?
A wedding seems to be a good opportunity for you two to settle any outstanding differences

Are you invited to the wedding?
My same thoughts about the wedding concerning the invite of Harry, I also thought they were close friends.
Certainly not in bedMy same thoughts about the wedding concerning the invite of Harry, I also thought they were close friends.
Maybe it was the other dude, the Jets fan, The Rick would have a dozen beers sitting outside the house on lawn chairs.
Harry, are you sure you're not in "bed" with IaKav?![]()
@laKavosiey-st lionCertainly not in bedbut yes we were close friends and roommates at PSU.