You have to deal with a number of variables. You and your spouses health. Longevity history of your families,etc.. Everybody keeps talking about waiting till your 70, but who says you’ll live that long. My wife started at age 62,so she got more over time than waiting until 70. She passed at 73, so waiting wouldn’t have worked. Everybody keeps talking like they know, but nobody knows for sure. As I have said before, this is an individual’s decision on when to take SS. You have to look at your specific circumstances and then make your decision. There’s no right way that covers everything or situation.
Comments
That’s if you live long enough to reach 70. Delaying is not always the right answer.
Post: After You Leave
Link to comment from February 23, 2022
You are right on! These book learned bean counters need to experience real life.
Post: Building a Bridge
Link to comment from February 19, 2022
What about the Required minimum distributions that will be taxed?
Post: Making Your Claim
Link to comment from February 17, 2022
The Social Security System thanks you for waiting. They’ll pay you for a few months instead of years.
Post: Making Your Claim
Link to comment from February 17, 2022
Right on!!
Post: Making Your Claim
Link to comment from February 17, 2022
There are no guarantees in life, except death and taxes. Take the money and invest it. I’m making 11.25% after expenses on my money. Why wait?
Post: Making Your Claim
Link to comment from February 17, 2022
You have to deal with a number of variables. You and your spouses health. Longevity history of your families,etc.. Everybody keeps talking about waiting till your 70, but who says you’ll live that long. My wife started at age 62,so she got more over time than waiting until 70. She passed at 73, so waiting wouldn’t have worked. Everybody keeps talking like they know, but nobody knows for sure. As I have said before, this is an individual’s decision on when to take SS. You have to look at your specific circumstances and then make your decision. There’s no right way that covers everything or situation.
Post: Making Your Claim
Link to comment from February 17, 2022