WELCOME TO MY NEW BLOG!!!!

Even though this blog looks like my old one, Debbie-Dabble, "Debbie-Dabble Blog" is my new Blog that I created on June 23, 2016, after my old one was hacked through my Debbie-Dabble Face Book Page which I have now deleted!!

I am a Victorian Soul, live in a small townhouse, not a huge Mega Mansion, with my Hubby Joe. I recently went Part Time after working full time night shift as an RN on a Hospital based Rehabilitation( Physical Medicine) Unit for 32 years and have been in nursing for 37 years!

I DABBLE IN A BIT OF THIS AND THAT!!!!

" IT IS NEVER TOO LATE TO BE WHAT YOU MIGHT HAVE BEEN"
George Eliot
George Eliot was actually a pen name for a woman named Mary Anne Evans......

Please click HERE to read about My One Little Word for 2016.....

BLOGGING FOR FUN AND FRIENDSHIP!!!!!!

Tuesday, August 23, 2016

What We Learned about Social Security: Preparing for Early Retirement

    Welcome to my first post in a Series about what we learned while preparing for Early Retirement.

 For the past several years, Joe and I have been working on a Plan that would allow us both to retire at the of age 62.

 Today, I want to touch on Social Security Benefits.....
According to Social Security, Joe's Full Retirement age is 66 years old and mine is closer to 67 years old.

The younger you are, the longer you will have to work to receive Full Retirement Benefits.

You can also receive Social Security payments starting at the age of 62 but these monthly payments tend to be $300-$500 less a month depending on how much you paid into Social Security while working.
Because of the physical nature of both of our jobs, working until those full retirement ages is really not an option for us.

We both have back issues, with Joe already having suffered 2 Compression Fractures in his back,  and I am in need of a Total Knee Replacement.

 As many of you know, Joe is a Letter Carrier for the Unites Sates Post Office and I am a Nurse in a Physical Medicine Rehab unit.

If we both worked at desk jobs, maybe we would be able to work longer but because of the toll that our jobs has taken on us physically, we feel it is best to take early retirement.
  I know most people try to work until their full retirement age to receive that higher monthly Social Security Income.

 We have been asked by many people as to why we don't work longer , until Full Retirement Age "because you will make more money"!

 But, do you actually get more money from Social Security by waiting until full retirement age in the long run?

I think you will be quite surprised at what we discovered.

Let's take a hypothetical situation.

Say a person who retires at 62 years of age would receive a monthly Social Security payment of $1500 .

If that person waited until their full retirement age of 67 years old, they would receive a monthly payment of $1900, $400 more a month.

Would they actually make more money waiting until their full retirement age and living to 80 years old???????

Let's see:

Retire at:

Age 62-    Payment of $1500/month from Social Security
                                         X
                           12 Months in a Year
                                          =
                                $18,000.00/Year

   Living to Age 80 Years Old - $18,000 x 18 Years
                                           =
                    $324,000.00 - Total Social Security Pay Out
           

Retire at:

Age 67 ( Full Retirement Age) -  Payment of $1900/month from Social Security
                                                        X
                                        12 Months in a Year
                                                         =
                                              $22,800.00/Year

                 Living to age 80 Years Old - $22,800/Year X 13 Years
                                                      =
                        $296,400.00 - Total Social Security Pay Out


Retiring at age 62 , living to age 80, will give you $27,600 more in your total Social Security Retirement pay out than if you waited and retired at full retirement age of 67 years old and lived to age 80!

Plus working 5 more years, you will have paid 5 more years into Social Security without actually getting a large part of that money back!
  If you choose to work part time to make up the few hundred dollars a month less that you will receive by retiring at age 62, like Joe plans on doing, you will still be contributing to Social Security and your monthly payments will still increase a bit each year.

You are allowed to make $15,720 a year if you retire at age 62 . and work part time.
   The benefit of Early Retirement is that one would get 5 extra years of retirement, or semi retirement if you choose to work part time, which will improve your health because of less stress and in our case, less physical demands on our bodies that our jobs caused.
  Plus, you will get 5 extra years to enjoy life...spending time with family, vacationing and just plain doing what you want to do!!!

So my advice is that Life is Too Short and if you can afford to retire early with a little bit less of a monthly income, do so!!

We have paid a LOT of money into Social Security over all our years of working and I want to get as much of that back as I can!!

I do want to say that it was fairly easy to apply for Joe's Social Security. We did so online which only took about 10 minutes and in a week, he received all his paper work including when he would get his first check.

There is usually a month waiting period before you get your first check so remember to plan for that.
If you still have quite a few more years left before retirement, start thinking about early retirement now and start planning for it by investing money into Retirement Plans to enhance your Retirement Income!!!!


Remember that most of us will not be able to live on Social Security alone!!

No matter how close or how far away from retirement you are, you NEED to develop a Plan!!
 You can open up an Account on the Social Security web site at any time and you then can estimate what your Social Security Retirement benefits are.

This will give you a better picture of how much money you will get monthly and what else you will need to do to increase that monthly income so that it does not come as a shock when you do retire!!

Here is a link to the Social Security Web site:
https://www.ssa.gov/

 In our case, because of our jobs, we will receive a decent monthly income from Social Security with mine being larger than Joe's because I worked full time for 37 years in a high paying job!
But I do wish we had started working on a Retirement Plan sooner than we did .

4 years ago, we developed our own plan and then 2 1/2 years ago, we started working with a Financial Planner.

Now you say, how could we afford this?????

This is a FREE service provided to us because we are members of a Credit Union!!

That is right....FREE!!!!!!

This is something that you should check into if you belong to a Credit Union and if you don't, you may want to look into joining one that offers Free Financial Planning.
This has been a life saver for us in navigating through Joe's Retirement from the Post Office, a branch of the Federal Government.

There were many things to think about like:

Life Insurance

Pension Payments

What to do with your 401 K and other investments?

In my next installment of Planning for Early Retirement, I will touch on the subject of working with a Financial Planner and the advice he has given us and will be giving me as I plan for my early retirement in 3 years.

I hope this post raised some awareness in planning for YOUR early retirement.

And I hope you will be back to visit soon!!

And thanks to those who took the time out of their busy day to spend a little bit of time with me!!

If you do not have a blog, PLEASE  give me some way to reply to your comment, maybe by including your email in your comment.  If I can not find a way to reach you, I will reply on the post where you commented so please check back......

Hugs,
Debbie
 
I will be linking up to these parties!!

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THURSDAY
The Homemaking Party
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Thursday Favorite Things Blog Hop 
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 Inspired Creations Linky Party
My 2 Favorite Things on Thursday
 Thoughts of Home on Thursday
Vintage Charm
 Grace at Home Party

FRIDAY
Simple and Sweet Fridays
The Creative Exchange
Home Sweet Home Friday
Friday Features Linky Party
Foodie Friday and Everything Else
 Funtastic Friday
 Friday Favorites
 Home Matters Linky Party
 What To Do Weekends
  Flaunt It Fridays
 Friday's Five Features Party 

SATURDAY
 Pink Saturday-Anything Goes!!
Best of the Weekend Party
The Creative Collection Link Party
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SUNDAY
Share It One More Time Sundays
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Bouquet of Talent Linky Party
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 Silver Pennies Sunday
 Happiness is Homemade Linky Party
 
MONDAY
Inspiration Mondays
Busy Monday
What'd You Do This Weekend?
Cooking and Crafting with J & J
Metamorphosis Monday
Blue Monday
Make It Pretty Monday

TUESDAY
Show and Share Party
No Place Like Home Party



Please take some time to visit these terrific hosts and all those joining in on the fun!

Saturday, August 20, 2016

Updating the Beverage Area with a Few Vintage Items

 Since I have been stuck in the house with the air conditioning because of the high humidity and record breaking heat, I have been going through the house, giving each room a really good cleaning in preparation for decorating for Fall and Halloween!!

I dabbled with this corner in the Kitchen which is our beverage area......
Our coffee maker is a Hamilton Beach Brew Station which lets you pour one cup of coffee at a time, does not have carafes that could break and is no where as expensive as those other coffee machines ( you know which one I mean)....
I am a fan of Vintage looking Coke items......
I bought this sign at a Flea Market......
And than I found these tins in Walmart after Christmas one year with the same vintage Ladies......
The "Coffee" tin was bought at Micheal's a few years ago......
 Instant Coffee is stored in the green one and extra packets of Sweetener is stored in the white one.....

You may remember the vintage Fiesta Ware platter and sugar bowl that I bought at an Estate Sale in the beginning of the Summer......
 Click HERE if you missed that post......

Well, here is where I decided to use these 2 pieces......
The red and white polka dot tea pot was gifted to me and serves as a sugar bowl......
We mainly use Sweetener so I used the sugar bowl for the Sweetener packets.....
A vinyl place mat with a Rooster on it that I bought at Dollar Tree saves the counter from messes......
 Over in the corner......
   I spray painted this wooden Mug Tree red a few years ago......
 Love this vintage coffee cup that I got from a neighbor.....
The next 2 mugs were bought as part of a gift set bought after Christmas one year.....
The red mugs were gifted to me by a friend......
You can see that the mug tree sits on a marble turntable.......

Next to the mug tree......
Is a little Beverage Station that I made out of a shelf .......
I spray painted the shelf, which was once red, with Chalk Board paint....

"Perk 'Em Up Coffee Shoppe"
The red Chalk Board frame was bought in the $1.00 bins at Micheal's!

My feeble attempt of some Beverage Art!!
LOL!!  I am definitely no Artist!!

On top of the shelf......
A few vintage pieces.......
2 Vintage Tea Tins.....
And a vintage Cocoa container!!
You may remember that I also bought a few enamelware items at an Estate Sale awhile back .......
Click HERE if you missed that post.....
I decided to use them along with an enamelware mug........
 For holding different Beverage items and packets of flavored Teas and Coffees......
I am looking forward to Fall so I can enjoy some flavored Teas.......
And some hot Cocoa!!
We are big coffee drinkers any time of the year........
After all, after working 37 years of Night Shift, I could I not be!!!

Soon, I will be sharing where I put the rest of my vintage finds in the Kitchen......
So I hope you will be back to visit soon!!

And thanks to those who took the time out of their busy day to spend a little bit of time with me!!

If you do not have a blog, PLEASE  give me some way to reply to your comment, maybe by including your email in your comment.  If I can not find a way to reach you, I will reply on the post where you commented so please check back......

Hugs,
Debbie
 
I will be linking up to these parties!!

Five Star Frou Frou Party-permanently open, link up anytime!!

SUNDAY
Share It One More Time Sundays
Snickerdoodle Sunday
Bouquet of Talent Linky Party
 Sundays at Home
 Silver Pennies Sunday
 Happiness is Homemade Linky Party

MONDAY
Inspiration Mondays
Busy Monday
What'd You Do This Weekend?
Cooking and Crafting with J & J
Metamorphosis Monday
Blue Monday
Make It Pretty Monday

TUESDAY
Show and Share Party
No Place Like Home Party
Wake Up Wednesdays
Ducks in a Row Wonderful Wednesdays Blog Hop
Wow Us Wednesday
Sizzle into Summer Party
Talk of the Town Party
Party in Your PJ's
Dream Create Inspire Link
Creative Sparks Link Party

THURSDAY
The Homemaking Party
Home and Garden Party Thursday
 Share Your Cup Thursday
Share Your Style Thursday Link Up Party
Thursday Favorite Things Blog Hop 
 Idea Box- Thursday Linky Party
 Creative Ways Link Party
 Inspired Creations Linky Party
My 2 Favorite Things on Thursday
 Thoughts of Home on Thursday
Vintage Charm
 Grace at Home Party

FRIDAY
Simple and Sweet Fridays
The Creative Exchange
Home Sweet Home Friday
Friday Features Linky Party
Foodie Friday and Everything Else
 Funtastic Friday
 Friday Favorites
 Home Matters Linky Party
 What To Do Weekends
  Flaunt It Fridays
 Friday's Five Features Party 

SATURDAY
 Pink Saturday-Anything Goes!!
Best of the Weekend Party
The Creative Collection Link Party
 Simple Saturdays Blog Hop
 Saturday Sparks

 Please take some time to visit these terrific hosts and all those joining in on the fun!




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