A citizen born in 1953 would be 69 years old. I promise you: there are no 69 year olds working at our agency.
Anyway, I did learn something valuable. I'm glad I have the information, even if I'm not crazy about the ramifications. As the law stands now,* if my income in retirement is more than $25,000, I will need to pay at least some tax. However, I won't be required to pay taxes on the entire amount of my Social Security check. Right now,* there's a cap so no more than 85% of my SS payment is taxable.
Do I understand this? Kinda sorta. But here was my key takeaway ...
Retirement will not be easy. I hoped when I stopped earning money, the paperwork surrounding money would be reduced. That's simply not true. I will forever be wondering if I have the right Medicare supplement plan. I will forever be handing documents over to an accountant to do my taxes and keep me out of prison.
Oh well, as Maurice Chevalier once said, "Growing old isn't so bad when you consider the alternative."
*And these laws could change and change again before I start collecting.