I've been in finance my entire career - until I retired at 67 in March. I plan to wait until 70 to take SS: 1) I already have have a pension/annuity; 2) I will "take" the guaranteed 8%/yr growth in SS and use it for worse case planning - if the market goes down "significantly", I may then draw SS so as to remain invested and benefit from a then-higher market upside potential; 3) I don't think politicians can politically afford to cut SS by 20%, but if they do, my check will be approx 20% higher by 70, offsetting the cut. Finally, I agree with others that this is not a (not so?) simple PV exercise. If you don't have or haven't bought an annuity/pension, then by all means pull the trigger and build a conservative cornerstone to your retirement income and add portfolio risk around it.
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I've been in finance my entire career - until I retired at 67 in March. I plan to wait until 70 to take SS: 1) I already have have a pension/annuity; 2) I will "take" the guaranteed 8%/yr growth in SS and use it for worse case planning - if the market goes down "significantly", I may then draw SS so as to remain invested and benefit from a then-higher market upside potential; 3) I don't think politicians can politically afford to cut SS by 20%, but if they do, my check will be approx 20% higher by 70, offsetting the cut. Finally, I agree with others that this is not a (not so?) simple PV exercise. If you don't have or haven't bought an annuity/pension, then by all means pull the trigger and build a conservative cornerstone to your retirement income and add portfolio risk around it.
Post: Social Security – Why I Chose FRA
Link to comment from December 27, 2025