Here, we have the option of taking an early pension at 60, at a reduced payment of course. Those born after 1959 have to wait til they are 67 to draw the full pension, unless the government repeals that fairly recent law. We can also wait to draw a pension up to 72 years of age, with a corresponding increase each year. One has to do the math and figure out what your earning potential is from now on, how long you calculate you are going to live and how any capital assets and their disposal will affect your income, and thus your taxes, and ultimately any government claw back of your pension if your income is high enough. Figure that one out......Ben
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Today's Featured Article - Dad's Old Silver King and Joe Capalco - by Woody E. Diehl. My father, Charles Diehl, grew up in the Elsworth, Ohio area during the Depression on a small working farm. I never saw the place, nor was I around during his early years. What I know about those hard times comes from listening to Dad and his old pals reminisce from time to time. One of the old timers that would sit with Dad and chew the fat about the 'good ole days' was Joe Capalco. Joe wasn't like most of my Dad's friends. He rarely worked that we knew of. Always had plenty of time
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