my dad just retired at full retirement age, and there is a limit on income for the first 2 years tha
Posted By: Amanda on 2008-02-23
In Reply to: Dont know when he retired but there is absolutely without a doubt no - Lori
x
Complete Discussion Below:  marks the location of current message within thread
The messages you are viewing
are archived/old.
To view latest messages and participate in discussions, select
the boards given in left menu
Other related messages found in our database
my full retirement age is 67 according to my estimated benefits paper - nm
x
Only 3 years away from reaching total years for retirement
but if I had to do this and raise a family, would feel exactly like you do. The pay is terrible compared to what I used to make. I work 32 hours a week, hope to be able to continue even after full retirement age. I have worked on VR now and unless places get to where they really do not care about how their reports look, think they will need MTs. I very seldom do a report and it is 100%, just cannot remember 1 like that and most take a lot more editing. Working now because want to, not have to anymore, thank goodness!!
Yearly income to expect as full-time... (sm)
employee (not IC) for a national?
A contact of mine worked for them for 6 years w/o probs, FT. She retired from them, too. nm
s
Actually, I have not worked as a full time MT for nine years
and that's the problem. Is there hope for me to get back in to MT even though I've been out of it for so long. I did work part-time from home from the lab for about two years after that.
Shelley
Usually years. Were you given a used one, full of animal hair, dust, or
s
From one who worked for MQ nearly 18 years, no matter was MQ bone they throw out, I know with a full
Always has been, always will be.
I've used my laptop to MT for about 5 years, full-time. Couldn't
I love being portable, plus I have a small working space. It's great transcribing on the deck (or at the beach) on nice days. Have never had any technical issues; there's always some sort of adapter thingie that's available for whatever comes up.
Do you need to have 2 years full time experience or just 2 years' experience? nm
..
Not sure, I have deductions for federal income tax, SS tax, Medicare tax, and state income tax. ???
nm
Full Core means full CPR code.
NM
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.
Now I know why they retired you...that'
bezoar)
(n.) A calculous concretion found in the intestines of certain ruminant animals (as the wild goat, the gazelle, and the Peruvian llama) formerly regarded as an unfailing antidote for poison, and a certain remedy for eruptive, pestilential, or putrid diseases. Hence: Any antidote or panacea.
Now I know why they retired you...that'
bezoar)
(n.) A calculous concretion found in the intestines of certain ruminant animals (as the wild goat, the gazelle, and the Peruvian llama) formerly regarded as an unfailing antidote for poison, and a certain remedy for eruptive, pestilential, or putrid diseases. Hence: Any antidote or panacea.
Now I know why they retired you...that's
disgusting.
You really should NOT participate in a forum:
bezoar (word used by Ella (retired!):
(n.) A calculous concretion found in the intestines of certain ruminant animals (as the wild goat, the gazelle, and the Peruvian llama) formerly regarded as an unfailing antidote for poison, and a certain remedy for eruptive, pestilential, or putrid diseases. Hence: Any antidote or panacea.
-
eewww!!
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
:(
Yes. I cant take early retirement because I
x
Who wants to take early retirement if not
x
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! 
My parents are retired and
do very well on their savings. It's called preparation. People make their own choices. If you don't PREPARE and do not take RESPONSIBILITY, you will eventually be in such a sad situation. It's not anyone's fault but their own for making poor decisions or failing to make better ones.
Morally, yes - I think other aid should become available to the "mom and pop" situation you are talking about but not reporting and paying taxes on income? No. That is wrong, period.
My boys were taught to pay taxes on their incomes from various jobs. They paid taxes and they paid tithes on it, no matter what it was.
It's called DOING THE RIGHT THING...which seems to be a forgotten concept among the older ones and a brand-spanking new concept among the young ones.
Tax evasion, dear, is ANYONE who fails to report appropriately. They may spend the bulk of money going after big bucks tax evaders but the crime is still the same. It is dishonest and it cheats every loyal, law-abiding citizen.
It doesn't matter if the job is easy or or not (i.e., your reference to house cleaning not being easy). THat has nothing to do with whether a person deserves to report/pay taxes on their income or not.
My mom is a retired teacher, so that was something
we never said at home. But as much as I have tried to correct my youngest, he still uses it. And he and my husband say, That DON'T matter. Yikes. doesn't doesn't doesn't. It DOESN'T matter!
You know, when you type doesn't that many times, it no longer looks like a real word. I double checked the spelling and I'm still not sure it's right.
I had someone tell me they wanted to do this when they retired sm
I said, then start your training NOW you don't have a minute to waste. She said she was retiring in 2 yrs. I said, good you almost have to get trained. She asked me about what she might make money wise. I said about $4 an hour for the first 6 months to a year. Screw that, she said, I thought you just sat and typed...
I love the tape in the purse idea! That IS priceless. My kids can tell you...mom works at home, all we see is the back of her head and all she says all day is "BE QUIET." Their friends used to say, yeah but your mom is home. They would say that her body might be here, but her mind isn't. All the lights are on, but there ain't nobody home! Exactly.
How old is your husband and is he retired
You saying on AARP- is this to supplement Medicare or just regular insurance? A family member has this coverage with her Medicare but I had no idea they had such strong regulations.
Right, retired in 2006...sm
Due to medical problems, and I am certainly not up on the latest technology or who is getting what type of work. When I retired, V/R was just becoming widespread and I never was involved in it. I just loved the ESLs, but maybe they have gotten worse/more careless/truly don't GAS. My sister had one that I could hardly understand either.
They want a retirement that they don't even contribute to, they already retire at 55.
x
I think decent retirement is possible from an in-house job
s
you sound more than ready for retirement!
x
Why take early retirement if you cant afford it?
x
When you took early retirement, did you not find out
how much you could earn and other questions about retirement? If you did not, very foolish on your part. I have another year to go to have FULL retirement age- that for me is 66. I could retire now but knew AHEAD of time if I did, then for every 3$ 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.
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.
Why take early retirement before you find out
x
Retired Devoted Transcriptionists
Good for that lady, it is possible to work that long and work well. She is in Heaven with the saints. I am retired but not "dead." I would love to transcribe part-time but when they see the dates in my work history, for some reason they treat me like I am already dead. I have so much to offer. I was self-employed for a long time and did very well in my business from tapes. If someone would give me a break and let me practice doing it over the "Net", I would do it for free until I got it down pat if I had to. I can't think of a better way to spend my retirement years than to keep on working part-time. Now in my retirement, I would love to work from home part-time over the Internet. I am HIPAA aware and abide by all the rules. I love transcription, have the speed and knowledge to do many accounts, even acute care, etc. However, when I apply, I cannot describe to you in adequate terms how I am treated when I show interest in a part-time job in my profession. I have so very much experience, strength and love for my profession that it is like a fire in my belly. However, no one seems to want to accommodate someone who only wants to work part-time and they look at me as though I'm nuts to want to work at my age (60's). Their loss. Is there anyone else out there who feels the same way? Are we all just from the days of yore and useless? I am a a perfectionist at everything I do. I had to give up my self-employment for personal reasons and have been on a few interviews in which I was treated badly. I sure do feel like I've been "dumped" by the very profession I threw my heart and soul into, maintaining my CMT, etc., until several years ago, only to be trash heaped. Sorry, just venting. I would just like to know if there are other people of retirement age in the same boat. I have a young mind, a great attitude, and a youthful outlook. I won't lie about my age and I won't lie about how I feel. Abandoned.
Mine is a Retired Old Fart
nm
my dad retired at age 66, but I do not remember the year.--sm
he passed on when he was 72, which was six years ago. He definately had restrictions.
No, she got tired of working and retired before
x
Ella, you have retired, so this is for the working MTs
I fully understand the theme here. If you want to hobnob with Indians or other ethnic groups, fine. To sit here and be swamped with people who cannot speak English and we have to be letter perfect on everything, no wonder we have these feelings. Go back to knitting now, ok?
Yeah, but full-time lines does not necessarily mean full-time hours, so I would do it if your produc
-
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.
At one time, I was an MTSO, but sold & retired from
MT last year. I do, however, still own, operate, and offer MTStars to American MTs.
Dont know when he retired but there is absolutely without a doubt no
restrictions put on after full retirement age. Perhaps you thought he had full and did not have- have spoken to 2 people from social security about this- learned most recently as of 1/2008. How old was your father when he retired and what year, if you know, was that?
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.
Retired fire captain. His pension is doing it's thing for us, thank God! nm
s
Retired or retarded? Anyone can retire if they set their life standards low enough
BUt if you think sitting on the couch pointing fingers at how bad the government is constitutes a wonderful successful life, good for you!
I'm not the one complaining about how bad things are, YOU are!
By the way, precious. I don't have to work, I want to, and am no longer an MT because I've gotten an education and moved on to a productive life with goals that stretch beyond the living room and the computer room.
Get over yourself. No one is impressed because your life certainly does not sound impressive in the least.
I once watched a retired FBI profiler who studied the case SM
and found evidence of a break-in from the basement window. He took pictures, explained his theory, showed how somewhat could have broken in, hid under a bed. He theorized that the intent was not to kill her, but to rape her. Probably someone who was the house that night. I forgot the profiler's name, but it was an interesting show. Very sad, sad case.
Usually there is no limit.
As an IC, you are not considered an employee where the company would only give you a certain amount of time. I have taken time off sporadically as an IC, and the company has not said a word. They actually thanked me for giving notice. I guess on the norm even notice isn't required. I just thought it courteous to give the company a few weeks to maybe find a replacement for that time period. It has never been a problem whether it be a day off or 10 days off. If I only need a day off though I don't even tell them, I just don't take the work. The IC position I have though is an actual IC position in that I am not assigned work. It is a typing pool basically, so if I do not want to work that day, I just don't take any work. It has neve been a problem. This type of arrangement in my opinion is true IC status. 
If you want to limit yourself, as IC that is your
x
Age limit
Is there any age limit to be a transcriptionist? Could a 16-year-old do it? Thanks!
|
