True John, but we have better beer ! Seriously, what if you put the 'extra' into RRSP's or RRIF's . . ? I think that's akin to the american IRA's . . ? Jim Kinnear "A man is about as big as the things that make him angry." -- Winston Churchill ----- Original Message ----- From: "John Ross" <jrpiano@win.eastlink.ca> To: "Pianotech" <pianotech@ptg.org> Sent: Friday, March 11, 2005 6:46 PM Subject: Re: Looming Retirement > You are lucky, saying you can make as much as you want, now. > Over roughly 30K, I have to pay 42% income tax, instead of 26%. > If I make, I think it is 56K, they start clawing back my Old Age Pension, > which I think is the same as your Social Security. > So I am in the enviable/unenviable position of being screwed for any extra > I make. > Only in Canada, they say. :-) > John M. Ross > Windsor, Nova Scotia, Canada > jrpiano@win.eastlink.ca > ----- Original Message ----- > From: "Avery Todd" <avery1@houston.rr.com> > To: "pianotech" <pianotech@ptg.org> > Sent: Friday, March 11, 2005 6:02 PM > Subject: Looming Retirement > > >> List, >> >> Well, everybody, believe it or not, I've reached my FULL retirement age, >> 65 + 4 months as of the 12th of March, to start collecting my full Social >> Security benefits. The great thing about it is that now, since I waited >> for that, I can make as much as I want to without any penalties! That >> means that I can keep working full-time, plus any outside work, and I >> won't have any deducted from my SS check. >> >> I went in yesterday morning to do the applying thing and found out that I >> will get a full March check the 3rd Wed. of April, because I'm eligible >> as of the month I reach full retirement age! >> >> I also found out the other day that because the school now has what is >> called "the rule of 80", I'm only going to HAVE to work 2 more years to >> get my full retirement from the Teacher Retirement plan. Rule of 80 is >> your age plus the number of years of service have to add up to 80. I >> found out today that they figure it based on your employment date, so I >> should be able to retire, if I want to, in 2 yrs. this month. Of course, >> they figure it on a certain percentage, based on how many yrs. of >> service, so the more years I actually work, the higher that percentage >> will be. >> >> Just thought I'd share the wonder that I made it this long! :-) >> >> Regards, >> Avery >> >> _______________________________________________ >> pianotech list info: https://www.moypiano.com/resources/#archives >> > > > _______________________________________________ > pianotech list info: https://www.moypiano.com/resources/#archives
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