NoNamePerson
Distinguished Associate
Is There Anybody OUT There?
Joined: Dec 17, 2010 17:03:17 GMT -5
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Location: WITNESS PROTECTION
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Post by NoNamePerson on May 3, 2019 15:00:05 GMT -5
Congrats!
I really love hearing how much people are enjoying retirement. I work around a lot of people that can't seem to move on...I can't figure out if they are afraid of being bored, of not having enough money, or maybe both...These are people that have made good money their entire lives and have been extremely involved in their profession. It seems like they just don't know what to do with themselves if they stop working.
Some people are totally defined by their work/employment/careers.  |
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TheOtherMe
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Joined: Dec 24, 2010 14:40:52 GMT -5
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Post by TheOtherMe on May 3, 2019 16:14:39 GMT -5
Congrats!
I really love hearing how much people are enjoying retirement. I work around a lot of people that can't seem to move on...I can't figure out if they are afraid of being bored, of not having enough money, or maybe both...These are people that have made good money their entire lives and have been extremely involved in their profession. It seems like they just don't know what to do with themselves if they stop working.
Several of my former co-workers worked so long that they passed away shortly after retirement. They waited until well in to their 70's to retire and always wondered what they would do without their job. For most of these people, work was their life. They worked when not required by staying late in the evenings and working weekends when it wasn't needed. |
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tallguy
Senior Associate
Joined: Apr 2, 2011 19:21:59 GMT -5
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Post by tallguy on May 4, 2019 1:29:32 GMT -5
Congrats!
I really love hearing how much people are enjoying retirement. Best thing I ever did, so there's one more for you. New GF a year ago. At the end of our upcoming trip, I will have been away from home for about five months from mid-November through late-June. I don't care what anybody's job is, ain't no work better than that!  |
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Post by The Walk of the Penguin Mich on May 4, 2019 15:08:04 GMT -5
Congrats!
I really love hearing how much people are enjoying retirement. Best thing I ever did, so there's one more for you. New GF a year ago. At the end of our upcoming trip, I will have been away from home for about five months from mid-November through late-June. I don't care what anybody's job is, ain't no work better than that! TD isn’t quite there yet, but he is practicing for the next few years. As he only needs to work 60% of his time, that leaves 4-5 months of vacation. I am doing my damnedest to fill them. Over the next 6 months, I have a 2 week trip and two 3 week trips planned. I have a month trip planned for next February/March in the conception stage, and a 3 week trip after that in May. |
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countrygirl2
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Post by countrygirl2 on May 4, 2019 15:39:53 GMT -5
On medicare read through the plans, they have to be the same coverage offered through each company. I'm not sure what happens with retired teachers if you get some kind of coverage through your state or what so that could vary.
Medicare part A is available for no cost to all retirees at age 65, you are advised to take it. You need to take part B and D plus the supplement at the beginning if you are going to or have to take it. Otherwise there is a pretty hefty penalty for every year you delay and its added to the premiums for every year forward.
Part B is through the government so same for everyone as far as coverage. The only way the premiums vary is if your income is over a certain amount, most people don't meet those levels, but need to check. Same for part D.
The best 2 plans for a supplement are Plans F the most comprehensive and Plan G. Plan F will not be available after this year, I have it its great, covers all the deductibles, nothing to do with drug coverage though. Only difference with G is you will owe an annual deductible of $183, so not bad, hubs has it.
So most people will have Part A no cost, Part B standard premium that you can have taken directly from SS. Then the supplement to cover the 20% of bills and part D for drugs.
I found out that after initial enrollment you have to go through underwriting to change supplement polices in the future and if you have a lot of ailments likely can't do it. So choose wisely in the beginning. For prescription drugs no underwriting is required so can easily change that coverage annually.
My advice is go to a insurance broker that carries multiple lines, we did locally for no charge. They can pull it up online through software they have I'm sure and show you all the coverages and their differences. I didn't realize until we got ready to change, but apparently my hours of research I did well so it turned out ok. But they can sure save you a lot of research and grief. Also the sales person I talked to the first time was very good and did a great job of explaining it all to me, I lucked out. Medicare has some really good coverages but like most anything you get what you pay for. I complain about the costs but in all honesty so far they have served us well at least for me that has had a lot of expenses so I should not. It's the drug coverage that I'm not thrilled with but it could be worse.
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Ava
Senior Member
Joined: Jan 30, 2011 12:23:55 GMT -5
Posts: 4,168
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Post by Ava on May 4, 2019 16:25:57 GMT -5
Congrats, Susana Enjoy retirement  We had someone retiring this Friday. It was bittersweet. He's a great guy and had been there for 12 years. We threw him a surprise retirement party, with gifts and a nice lunch. He was overwhelmed. He's 72, in great physical and mental health and hopefully many years left to enjoy retirement. His wife was at the party and she said she's his new boss with a mile long list of things for him to take care of. |
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debthaven
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Post by debthaven on May 4, 2019 16:40:33 GMT -5
To be honest I'm a little envious LOL. I can retire at 62 and probably will (2.5 more years). I'll earn Shite but I will have healthcare. At some point we'll have rental income, that's why we've struggled with our rentals for all these years. I can also take "partial retirement" at 60 (in 6 months). This thread made me reread the info on that. DS3 will finish college when I'm 60.5. At that point, I think I'd rather work another 1.5 years than do all the paperwork required for "partial retirement" LOL. I think subbing 2 days a week is a great idea, and a great way to transition. You could also do some private tutoring if you want, either for college exams or to edit essays. I'm sure you'll have the opportunity if you want it.  I also plan to continue teaching after I retire. It's a great field for that. |
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tallguy
Senior Associate
Joined: Apr 2, 2011 19:21:59 GMT -5
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Post by tallguy on May 4, 2019 16:44:02 GMT -5
Best thing I ever did, so there's one more for you. New GF a year ago. At the end of our upcoming trip, I will have been away from home for about five months from mid-November through late-June. I don't care what anybody's job is, ain't no work better than that! TD isn’t quite there yet, but he is practicing for the next few years. As he only needs to work 60% of his time, that leaves 4-5 months of vacation. I am doing my damnedest to fill them. Over the next 6 months, I have a 2 week trip and two 3 week trips planned. I have a month trip planned for next February/March in the conception stage, and a 3 week trip after that in May. Good for him, and for you. Still think it would have been nice to have all met up back when Later visited. That's a long time ago now.  |
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Post by The Walk of the Penguin Mich on May 4, 2019 17:09:54 GMT -5
TD isn’t quite there yet, but he is practicing for the next few years. As he only needs to work 60% of his time, that leaves 4-5 months of vacation. I am doing my damnedest to fill them. Over the next 6 months, I have a 2 week trip and two 3 week trips planned. I have a month trip planned for next February/March in the conception stage, and a 3 week trip after that in May. Good for him, and for you. Still think it would have been nice to have all met up back when Later visited. That's a long time ago now. We are going to be in Seattle tomorrow..... |
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catsareme
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Post by catsareme on May 4, 2019 18:45:25 GMT -5
Congratulations!! Enjoy!!  |
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Deleted
Joined: Apr 16, 2024 15:35:02 GMT -5
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Post by Deleted on May 4, 2019 19:22:32 GMT -5
On medicare read through the plans, they have to be the same coverage offered through each company. I'm not sure what happens with retired teachers if you get some kind of coverage through your state or what so that could vary.You nailed it right there. Although our plan is administered through United Healthcare, it is not like any plan that they offer. That is sort of like our non-retiree healthcare is administered through BCBS, and it is not like any plan they offer, either. I spent a lot of time researching plans, but this is the best one for us. It is affordable and very similar to what we currently have with just a shift to Medicare being primary and the supplement being secondary. I just worry about the big events. The way it was, we never paid a hospital bill. Now we will have to pay $200 for the first day and $25 for each additional day. That's awesome, but not as good as nothing. But I never found a "pay nothing" plan that we could afford coupled with a prescription plan that we could afford. It will be ok. I have to believe that. |
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countrygirl2
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Post by countrygirl2 on May 4, 2019 21:50:53 GMT -5
Really, that doesn't sound right. I don't know any medicare plans like that. F pays it all G just leaves you with the $183 deductible per year. I have not looked at lower tier plans. Why not check with a broker in your area just to be sure.
Our premiums are about $700 for both of us. Scripts is what is getting me. Mine are to about $300 a month with the new scrip, I went through them with the docs and dropped what we could. Premarin is optional to the docs but I am 73, had a hysteretomy years and years ago. My bone density is perfect, no osteoporosis, my mom had it and hurt from it badly. There are changes in the L4 area of the spine but without it and my feet problems as much as I have fallen I imagine I would have had broken bones. At least I am avoiding that and its worth the money to me. It sure could be worse, at least we can pay for it.
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Deleted
Joined: Apr 16, 2024 15:35:02 GMT -5
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Post by Deleted on May 4, 2019 21:57:29 GMT -5
Really, that doesn't sound right. I don't know any medicare plans like that. F pays it all G just leaves you with the $183 deductible per year. I have not looked at lower tier plans. Why not check with a broker in your area just to be sure. Our premiums are about $700 for both of us. Scripts is what is getting me. Mine are to about $300 a month with the new scrip, I went through them with the docs and dropped what we could. Premarin is optional to the docs but I am 73, had a hysteretomy years and years ago. My bone density is perfect, no osteoporosis, my mom had it and hurt from it badly. There are changes in the L4 area of the spine but without it and my feet problems as much as I have fallen I imagine I would have had broken bones. At least I am avoiding that and its worth the money to me. It sure could be worse, at least we can pay for it. What are you talking about? What doesn't sound right? I don't have a f or g plan. Ours costs $163 a month with full prescription coverage and no doughnut hole. It is what the state offers and seems like it will work. Your premiums won't. |
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countrygirl2
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Post by countrygirl2 on May 4, 2019 23:20:22 GMT -5
The only thing was the amount you have to pay per day, while hospitalized that we don't have at this point, probably will. I figured yours was cheaper then ours. Ours is going to do nothing but escalate in price. We will either have to take less coverage as time goes on or pay a gadzillion dollars eventually in premiums. If yours stays the same, that's really good. At one time hubs company offered great retirement insurance, the year after he became eligible the premiums went over $1k per month and eventually the ins was dropped. You don't have to pay for part B either? I thought everyone paid for that. That's a good deal then. I think insurance for retirees is tenuous. Those in unions or govt employee will likely be ok, the rest of us will have to fend for ourselves literally.
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countrygirl2
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Joined: Dec 7, 2016 15:45:05 GMT -5
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Post by countrygirl2 on May 4, 2019 23:25:18 GMT -5
Well, we can add another rental to pay ins premiums I guess so everything isn't ate up by those. So we do have options. I feel for those that do not and I think its going to get a lot worse before it gets better. Hope the cholesterol stuff helps and that should help things from getting worse with clogging and heart issues at least for a time.
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