Hi Norm,
I am 66 and will be 67 in Janurary. I took my Social Security when I reached 65 and I am still working and plan to retire in Aug. '09. For the past 13 years I have worked for a local school and for that time have not paid into Social Security. I have been informed that when I retire I will be penalized and loose possibly $200 from SS each month because of the additional pension I will receive from the school job. If I fail to notify the SS immediatly when I retire from the school, I will be penalized for that and must pay the $200.00 that I got after retiring for each month back. I am far from well off and have continued to work because of this. When I do retire I will have to budget carefully especially in the winter months for the heat.
I too have been bombarded with mail from medical insurance firms. Where I am still working I still use my plan at work (cost, $158.00 per week for my wife and I). As you say, the vultures are out.
John R