Moore
Trying to decide when to retire? Make an informed decision
It's never too early to start thinking about your retirement. When you do, one of your first questions may be, "When's the best time to start receiving retirement benefits?"
There's no one "best age" for everyone and, ultimately, it is your choice. You should make an informed decision about when to apply for benefits based on your individual and family circumstances.
With that in mind, Social Security has published a new fact sheet to help you make the decision that's best for you. When To Start Receiving Retirement Benefits is available online at www.socialsecurity.gov/pubs/10147.html.
Things to consider are your current cash needs, health, family longevity, whether you plan to work after you retire, future financial needs and obligations, and the amount of your benefit and other income, such as pensions and deductions from retirement funds. Do you have investments to draw from when you need extra money? Will it last as long as you expect to live?
Keep in mind that people are living longer than they used to. About one out of every four 65-year-olds today will live past age 90, and one out of 10 will live past age 95. If you decide to retire early, at 62 or any time before your full retirement age, you'll get your benefits sooner -- but you'll get a reduced benefit for the rest of your life. Your monthly benefit will last as long as you do. So the reduction in monthly payment for taking early retirement can add up to a big difference over the life of your benefits.
Your decision can affect your spouse and family, too. If you die before your spouse, he or she may be eligible for survivors benefits. But if you took early retirement, his or her payments would be based on your reduced benefit amount.
When you reach your full retirement age, you can work and earn as much as you want and still receive your full Social Security benefit payment. If you are younger than full retirement age and if your earnings exceed certain dollar amounts, some of your benefit payments during the year will be withheld.
On the other hand, if you put off retirement benefits until after your full retirement age, your amount will increase. In fact, your benefit amount will continue to go up until you reach age 70 or start receiving benefits, whichever comes first.
And when thinking about Social Security, don't forget Medicare. You should sign up for Medicare three months before reaching age 65, no matter when your full retirement age is -- even if you decide to delay retirement benefits. Otherwise, your Medicare medical insurance, as well as prescription drug coverage, could be delayed, and you could be charged higher premiums.
Learn more and make an educated decision about when to retire. Visit the online fact sheet, When To Start Receiving Retirement Benefits, at www.socialsecurity.gov/pubs/10147.html.
In addition to the publications and other information available at our Web site, you can call us at 1-800-772-1213, where representatives are available 7 a.m. to 7 p.m., and automated services are available 24/7. Remember, if you have a Social Security question, call, click, or come in.
Dennis Purifoy is the Social Security Manager in Moore
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Changes made to big trash services
Changes have been made to the big trash pick up service which should make the pick up easier for both residents and city workers.
Residents who have Monday trash service will have big trash pick up in the months of March, July and November; Tuesday trash service will be April, August and December; Thursday is January, May and September and Friday is February, June and October.
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City passes tax rebate for Target
Chris Lundy, manager of public partnerships with the Target corporation addressed city council members Monday night to discuss building a store in Moore.
The Moore Economic Development Authority voted unanimously for a sales tax rebate to Target.
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Fire in new auditorium at Southmoore High School
The Moore fire marshal is still investigating a small fire that occured shortly after 1:30 p.m. Friday at Southmoore High School.
Susie Pierce asked school board members to call an emergency meeting Wednesday to discuss insurance and restoration fees on the fire at Southmoore High School.
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Savage, Patrick and Walker named site teachers
Fisher Elementary School site teacher of the year, Stephanie Savage, graduated from Yukon High School and Southwestern Oklahoma State University. She has been married for 19 years to Scott and the have three children, Blake, Paige and Allison.
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Larsen says goodbye to district
Susie Pierce asked school board members to call an emergency meeting Wednesday to discuss insurance and restoration fees on the fire at Southmoore High School.
She said about 20 auditorium seats were damaged by the fire and many others received smoke and water damage.
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County will remove limbs
Cleveland County Commissioners asked assistant district attorney David Batton to draft a resolution for roadside limb removal in the unincorporated area caused by the recent ice storm. Commissioner Rusty Sullivan said the county will remove the limbs through April 30.
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Fire in new auditorium at Southmoore High School
The Moore fire marshal is still investigating a small fire that occured shortly after 1:30 p.m. Friday at Southmoore High School.
Susie Pierce asked school board members to call an emergency meeting Wednesday to discuss insurance and restoration fees on the fire at Southmoore High School.
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City passes tax rebate for Target
Chris Lundy, manager of public partnerships with the Target corporation addressed city council members Monday night to discuss building a store in Moore.
The Moore Economic Development Authority voted unanimously for a sales tax rebate to Target.
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County will remove limbs
Cleveland County Commissioners asked assistant district attorney David Batton to draft a resolution for roadside limb removal in the unincorporated area caused by the recent ice storm. Commissioner Rusty Sullivan said the county will remove the limbs through April 30.
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Savage, Patrick and Walker named site teachers
Fisher Elementary School site teacher of the year, Stephanie Savage, graduated from Yukon High School and Southwestern Oklahoma State University. She has been married for 19 years to Scott and the have three children, Blake, Paige and Allison.
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Changes made to big trash services
