I have a pension plan. It is probably the best thing I have going for me. Or at least I hope so.
One milestone on the way to retirement is that at 55 years old, if your company fires you, you can access your pension without penalty. I had some plans of doing that very thing, at a point in time...but life changed for me.
Well, today is the day that I hit the milestone of 59 1/2 and I now don't have to worry so much about getting laid off and not having some sort of income for my family.
It is a good feeling, especially since they keep saying that people should wait until they are 70 years old to "retire" and start taking their Social Security. I am still over a decade away from that age.
I was warned by my tax man to make sure that I don't start taking my pension, just because I can. It will kill you come tax time, he said. So if I am still employed by KCET, I guess I won't be going for it yet.
But it feels good to be able to, finally.
If you want some info, via AARP, check THIS out.
Cute Piggy Bank!!
ReplyDeleteYeah, I got that piggy for Jus and we just never really used it. In spite of that, he has managed to get through college (so far) with the money he had for his college fund. :-)
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