Semi retired but like to work, so did make sure of limits while collecting SSI. Made under 10k on 1099, no taxes taken. Big mistake, lesson learned. But here's the kicker. I did not know the feds would tax half the SSI. My bad. Found out about this when, as working part time at major tax preparation office, and get returns done as benefit for free. So, my paychecks are going to the Feds for the most part. Now, we had a timeline to payoff 2 cc's. Timeline adjustment was necessary and a real lesson in debt elimination. 1 cc will be gone by end of March, not Feb. Small one but annoying. Other cc is much larger 12k. But by April, we will double up the pace and get on a 24 month path to total debt elimination. As much as we enjoy not working, we will have to until hubby starts collecting SSI. He gets Navy retirement now. That's been our saving grace. No medical premiums to pay and guaranteed income. Building back our credit rating after losing our home to foreclosure by unscrupulous bank. Had buyer at table on short sale with guaranteed financing but our bank dragged it out longer than neccessary so lost buyer and house. Will never buy house through a bank again. This was back in 2010 during BP oil spill (lived near Pensacola Fl) and construction crash. Bad times for everyone.
Submitted February 23, 2019 at 11:45AM by rlesgal https://ift.tt/2tBIKq6
