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<blockquote data-quote="Oldfart" data-source="post: 3830464" data-attributes="member: 64407"><p>You do realize you might pay a substantial penalty when you start drawing Social Security? Anytime you accept employment at a job that doesn't withhold SS, you basically cut the SS benefits you earned under previous jobs by a good amount. If you were inline to draw $1400 based on your previous jobs, you can expect that amount to drop to under $1000 under many circumstances. This is all dependent on the amount of years you paid SS and the amount of years you didn't pay. Would suck losing $400 or more in monthly SS payments. Hope that conventional pension is gonna pay you 70% of your working income because you admitted you no longer contribute to a retirement account and you will lose a good portion of your SS benefits. Bummer</p></blockquote><p></p>
[QUOTE="Oldfart, post: 3830464, member: 64407"] You do realize you might pay a substantial penalty when you start drawing Social Security? Anytime you accept employment at a job that doesn't withhold SS, you basically cut the SS benefits you earned under previous jobs by a good amount. If you were inline to draw $1400 based on your previous jobs, you can expect that amount to drop to under $1000 under many circumstances. This is all dependent on the amount of years you paid SS and the amount of years you didn't pay. Would suck losing $400 or more in monthly SS payments. Hope that conventional pension is gonna pay you 70% of your working income because you admitted you no longer contribute to a retirement account and you will lose a good portion of your SS benefits. Bummer [/QUOTE]
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