Why take early retirement if you cant afford it?
Posted By: I dont expect to be told how to bend the rules. on 2008-02-23
In Reply to: IC - doxie
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- IC - doxie
- Why take early retirement if you cant afford it? - I dont expect to be told how to bend the rules.
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Yes. I cant take early retirement because I
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Who wants to take early retirement if not
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Why did you take early retirement
if you knew it wouldn't be enough? I don't mean to be rude, but it seems to me you want to have your cake and eat it too. I don't think it's right you want to cheat the gov't by putting everything in your husband's name. I suggest you ask your clergyman what he thinks of your proposal.
I have been married to the same man for the last 13 years. We had 3 children together after we got married. My husband and I each had to pay for our own college educations. We have worked for everything we have and have done it the honest way. I would have loved to have had a child first and then went to school for free while my husband was living with me and supporting us but had a different mailbox so I could still collect welfare. Then after school, I would have popped out 2 more and continued to receive welfare while I was looking for a job (but secretly planning our wedding) and then got married while the gov't picked up the tab, so I could sit back now and enjoy my beautiful house that I was able to afford while I was ripping off everyone else.
It really burns me when someone tries to get ahead in life by taking from others. I'm sorry that I don't share in your plight, but what you are doing is illegal. It is fraud, and if you chose to go that route, I hope someone finds out and reports you. Maybe the gov't wouldn't screw us so much, if so many didn't screw it first. Shame on you! 
When you took early retirement, did you not find out
how much you could earn and other questions about retirement? If you did not, very foolish on your part. I have another year to go to have FULL retirement age- that for me is 66. I could retire now but knew AHEAD of time if I did, then for every 3$ I make, the government takes a part of that. I did not want to pay in any more than I have already. I went to social security last month, found out how much I will get at full retirement, etc. etc. If I live and take retirement money out (I plan to continue working) I will be getting almost $2,000 a month. With my salary, the full retirement money and some retirment money I get from a company I used to work for, that will be a very good sum for me. Having said that, there is no way in hades that I would ever try to pull the wool over Uncle Sam's eyes- talk about trouble- what you propose seems to be underhanded- whether it is or not I would not want to be any part of that scheme. I think where you live has a lot to do with whether you have to get tax ID number or not. Better to be on the up and up than spending some time behind bars.
Why take early retirement before you find out
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My retirement
I worked for a large multi hospital alliance in Ohio that is now under scrutiny by the attorney general and has many hospitals pulling out of their contracts and at a cost to patients and physicans....everything about it was to cut money and cheat people. Our pension which was noncontributory by us, works like Social Security. You retire early, you get reduced amount. I was forced to retire early because of the war and now I need more money. I was told when I took the reduced amount that I could not work again till I was 66 unless I kept it under $900, just like Social Security. I do not know what an independent contractor is. I didn't think I would NEED to know...I just am trying to find out how it is done, how it works, because the jobs I see that I want wnat ICs. I'm sorry I even asked. Since so many jobs say IC only, I assumed that some of you would know what an IC is and how to be one. I need to work at home because the other grandma has no computer. I was just trying to find 15-20 hours a week. Let's just drop it. I don't see what I did wrong. Thanks to those who understand I am not trying to break the law. Good grief.
they get half pay for retirement too!
Bus drivers are making $63,0000 and that is with no education. you can be a hs dropout or a foreigner. I hate NY and glad I left.
Retirement Accounts
I am considering getting into a retirement account this year. I am a sole proprietor with no employees to contribute to. I am also looking to reduce my tax obligations for next year with this account. I am also over age 50, so this may be a consideration. Any suggestions from knowlegeable MT/business owners out there? Some of this stuff is very confusing. so any help would be appreciated. Also include who to go through for set up, if known.
thanks 
I'm going to be 58 in a few months, don't see retirement in my
:(
They want a retirement that they don't even contribute to, they already retire at 55.
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I think decent retirement is possible from an in-house job
s
you sound more than ready for retirement!
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When I found out about retirement money
they were so KIND to tell me I could start drawing out my money 2 months ahead of my full retirement in January- ha- they tried to make it sound nice- you would get 2 checks for January- having said that I just thought to myself- no I will just wait until FULL because 2 months ahead of time reduces then my total monthly income for as long as I might draw- thanks but no thanks- I want my full retirement money, don’t want 1 single dime to have to be paid back.
Government retirement program has changed.
It is now the same as Medicare, with a 401K added.
Question for you Statutory Employees about retirement?
Any of you who work as an SE, have you ever looked in to an SEP IRA or an individual 401K for funding a retirement plan? I was just wondering if this is allowed, since the income is considered self employment income, but I have searched on the Internet and can't find anything to tell how the laws specifically apply to SE's. I know if I was an IC there would be no question. I already have a Roth IRA but the limit for that or a regular IRA is $4000 a year and that is not enough IMO for retirement, would love to be able to save some of my SE income tax-deferred. I'm going to ask my accountant about it but figured out of courtesy I would wait til after the tax filing season winds down. Just curious if any of you could help out in the meantime?? TIA.
What kind of retirement tells you how much you can earn?
I will start drawing from a pension plan this April - I have absolutely nothing saying I can or cannot make X amount of dollars a month. How did you get a retirement that tells you what you can make? This sounds strange to me.
I had exactly the same benefits, pay, and retirement plan when I was single as I do now, married. sm
So, your post doesn't make sense. Benefits aren't withheld from singles and offered only to marrieds.
my full retirement age is 67 according to my estimated benefits paper - nm
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my dad just retired at full retirement age, and there is a limit on income for the first 2 years tha
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Wish I could afford...
...to do that! I am SO SO SICK OF MQ!!! They are driving me crazy! I am on my 3rd MT Supervisor in three months and still have not heard one word from the latest one. They just don't care about us at all. I understand that's the nature of the biz, but my God, would it kill you just to drop an email and introduce yourself???
Wish I could afford...
my TC? sorry, what's that?
If you can afford it, go for it. sm
Just remember, if you work as an IC you may have a "nonconforming" loan which may give you a little higher interest rate. If you can document your income with pay stubs and W2s as well as income tax forms, you may be "conforming" and be able to get the lowest interest rate possible.
If your credit scores are high enough, you can always do 100% finance with an 80/20 loan which will eliminate PMI monthly payment. Your credit scores need to be 685 or higher for 100% finance.
Shop around for the best interest rate, but DO NOT let everyone pull your credit. Have one loan officer pull your credit report and ask him what your scores are. When you shop to the next loan officer, tell them do not pull your credit report, but here are my scores. Just give them your scores and ask what is the best interest rate they can give you. The more people who pull your credit report, the lower the score goes. It drops 2 or 3 points each time it is pulled by mortgage loan officers.
Also, you can buy down to a lower rate. So, if they quote you 5.75%, you can buy that down probably to 5.3% for 0.375% of the total mortgage you are borrowing (which in reality is 0.375 of 1 point).
I hope this advice helps - good luck. I say go for it! No better feeling than to own your own home.
I bought a new house last year and we just refinanced and closed on Friday. That is why all of this information is so fresh in my mind. Also, my sister is a mortgage loan officer, so she helped me a lot and explained how things work.
Always ask what your closing costs will be - different mortgage brokers charge differently. One may be $4000 and another may be $8000. That is a huge difference. Some want more profit, others are reasonable.
Best of luck to you.
Here is the best if you can afford it.
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Which can you afford more?
The emergency room bill....or the loss of your DH?
I'm not trying to be harsh, but money concerns should not keep you from getting medical help when it is needed and warranted.
It really sounds like some kind of allergic reaction. But it may also be something harmless. I agree with the other poster about calling your MD. You cannot fool around with stuff like this.
Me too! I can't afford NOT to be an MT!
Can't afford not to
I don't know how you've figured all this out. I have spent HOURS researching all this becuase when I started with learning MT, I barely knew how to turn a computer on, so I was completely in the dark. The only thing I've been able to conclude for sure is that you will pretty much get different information every time you go to a different site. I have tried soooo many different things and to be honest, I really haven't found any one thing to be much better than another, even the things I've started paying for.
I will definitly make a block of time very soon (tomorrow?) and try your group of programs and ideas and hopefully it will help.
Sure do appreciate all your time and thought into your post(s), btw.
Whether you can afford or not SM
you are going to have to see an accountant and/or a lawyer. We cannot teach you how to be an IC or how to set up a company. That is a job for a professional and I would never give advice on either (or take advice) on a message board.
unfortunately I can't afford $99 fee
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I need a workout! Can't afford a PT
Could not walk for a week afterwards! BOY, what a workout! My thighs hurt so bad I couldn't even walk down stairs, and I considered myself in shape before I took the class! HA! Hang in there, it will get better, and the results will be amazing!
Like ER-MT, I cannot afford to not work
I have four sources for work now:
1. Local account I provide services for another MT who has the account.
2. A small local office that is my own account (2-3 tapes a month that are not usually full)
3. A midsized national MTSO in another state.
4. A small MTSO in another state.
The trick is not having everyone bombard you all at once.
there are ways to afford it
I had the offices to pay for some of it, such as their own recorders. But if it works for you on tape - you have advantages too like the personal contact on pick up/delivery that breeds loyalty. Being on tape makes them harder accounts for people to take from you too.
If they can't afford books
It would take the same amount of time (actually less) to run a phrase through Google or one of the NUMEROUS online medical dictionaries than it would to post it on the Word Board. I, too, can tell on the Word Board which ones are a lack of knowledge in general, and it's kind of frightening those people are typing our reports.
I've seen helpful posters provide links to specialty websites, internet medical dictionaries, pharmaceutical site, etc., to try to help out but judging by some of the repetitive posters, I can't help but wonder if they ever even use the links the MTs have been kind enough to take the trouble to provide for them.
We all have times when we need help (or just a brief brain freeze where we cannot recall a word which I do once in awhile), but many of these posts (i.e., 'what is symphisis pubes?') make you wonder how much exposure to medical terminology a lot of these posters have even had.
Scary, actually.
How do you think they afford their mansions and
expensive vacations? Greed.
Everyone said that about DOS in the early 80s
.
I think it is early too..sm
Lots to do after wedding, honeymoon, getting settled, enjoying new life, etc. Big job to write all those thank you notes. I still remember after 40 years struggling to get that done!!!! I bet you'll be getting one. If these people are friends, they're probably like you and raised their daughter to be appreciative. Give it more time.
You were right to get out early
I was very patient with a one of those type clients and had to threaten to take them to court to get the money they owed me.
anyone not any one....sorry -- still early :)
nm
I know it's too early but..
I have hundreds of hotties,beauties and smarties to wish, so I thought to finish off uncles and aunties first.
HAPPY NEW YEAR!!!
sorry, too early
Sorry for the extra "where...." Too early in the morning.
I'd love a vacation, but cannot afford it
Hi everyone,
thanks for your posts on this subject. I really cannot afford to take a vacation or even a day off. No one is around to pick up the work that will pile up if I take off and if I take off I don't get paid and since I just went through bankruptcy I really need all the money I can get, but it is nice to dream of the day I can take a vacation and not worry about the day without pay.
You also couldn't afford a breakdown - sm plz
I am a walking burnout factory... it is so necessary to not be the "yes girl"... take a break at least ONE holiday, ONE weekend and spend it on YOU... You cannot afford a mental meltdown, which will happen at this rate. Take care of you, and the job will continue to flow... everyone needs a break.... as short as it may be, it can still be refreshing if you use a day wisely... just my opinion
If you can afford to make the switch
then I would go for it. You will not make $15 an hour with most of the companies out there initially. Research the companies. I would try it PT before quiting my job and going FT with a national. Good luck!
We can't all afford the luxury of "Finding another job"
It isn't nearly as easy to up and quit a job as you make it sound. What about health coverage? Most of us have children or medical conditions and need our insurance coverage. When you start a new job, you have to wait usually 90 days before health care will kick in and, in some cases, if you have a pre-existing condition, they won't cover you. That is why a lot of us stay. MQ is very closed in the communication department, so this is our only means of communicating with each other. And it doesn't help to get bashed by our fellow MTs. We could use a little patience and little sympathy from our brother and sister MTs. So you have to scroll down past our remarks, you could be in our shoes and that is much worse. So next time you want to bash MQers, think about if the shoe was on the other foot.
Life is too short . . . if you can afford it,
xx
Law doesn't matter if she can't afford to take
him to court to fight it. He can do as he pleases and the burden will be on her to go after him and make him adhere to the court order.
Been there, done that. It's an expensive, exhaustive process and, in the long run, she will probably lose out if she runs out of money.
It's sad, pathetic, unfair, immoral, but true.
If you can't afford to work for a company and eat, it's IC all the way. (nm)
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Been there - could not even afford a loaf of bread once sm
I mean really had not a penny for 2 weeks. We just emptied the cabinets and whatever was in there, we made do. Personally, I know what a terrible feeling that is, downright awful! Remember there is always light at the end of the tunnel. If you have anyone close to you who can help you out - that is one thing, but if not - you will have to make do with what you have.
Try the really cheap stores - the ones where usually you wouldn't even look at before. They have great deals, like Aldi, or the dollar stores, the outlet stores like Wonder, Hostess, etc.
I have to say that experience has humbled me and my family significantly.
Good luck - things will work out. Sometimes, we get wake up calls, and this might be yours. I think I have had quite a few already.
I can't afford to live in a house, just an apt. where I
:D
What? I am a low income MT, can't afford to travel anywhere.
 I can't even afford to drive out of the state...gotta fix my motorcycle.
I am not taking all this too seriously but I think your post is a little inflammatory.
Nobody expects tourists to speak whatever the native language is. I think it is reasonable for local medical professionals living and working here to be able to speak easily recognizable English since the accuracy and quality of the medical record depends on it, not to mention turnaround time. My time is valuable too. Forcing me to relisten over and over just to decipher simple phrases is not fair. And that applies to the native speakers too (who tend to rattle everything off too stinking fast and IMO just as bad or worse than ESL).
Or smart enough to not retire if you cant afford
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Any EditScript Users cannot afford
To upgrade. Just received notification that all must upgrade to Windows XP and Word 2003 or 2007. Anyone finding this difficult at this time of the year with no work? At the moment, I am blaming Bill Gates. Anyone want to vent?
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