Ken, you are correct per Mary Beth Franklin who speaks and writes about SS. She states the system is designed to provide similar results at the life expectancy age.
Appreciate the input, here is an article also delving into the topic that presents NPV considerations. Jason Zwieg posted the link. https://www.financialplanningassociation.org/learning/publications/journal/SEP24-net-present-value-analysis-roth-conversions-OPEN I took SS early and saved IRA funds to grow, my IRA grew to an additional balance of ~ $290,000 during the time I received early SS. This extra balance will be eroded as my lower SS benefit will not be what I would have received at age 70. Should I earn 4% on this balance going forward I will have increased my break even age to 92. If I earn 5.5% my remaining additional IRA won't be exhausted until age 102. I plan to track the remaining balance for a few years as I tend to question things and want to learn. My wife and I have earned the same wages so we took mine early and let hers grow to age 70, our benefits were $16 different. Also should she pass I will get her higher amount and the remaining additional IRA I earned, she will receive her benefit and my additional IRA should I pass. Mary Beth Franklin presents excellent info on SS and various options depending on individual circumstances. Taking SS early worked well for me.
Comments
Ken, you are correct per Mary Beth Franklin who speaks and writes about SS. She states the system is designed to provide similar results at the life expectancy age.
Post: THE REAL RETURN ON DELAYING SOCIAL SECURITY
Link to comment from November 13, 2025
Appreciate the input, here is an article also delving into the topic that presents NPV considerations. Jason Zwieg posted the link. https://www.financialplanningassociation.org/learning/publications/journal/SEP24-net-present-value-analysis-roth-conversions-OPEN I took SS early and saved IRA funds to grow, my IRA grew to an additional balance of ~ $290,000 during the time I received early SS. This extra balance will be eroded as my lower SS benefit will not be what I would have received at age 70. Should I earn 4% on this balance going forward I will have increased my break even age to 92. If I earn 5.5% my remaining additional IRA won't be exhausted until age 102. I plan to track the remaining balance for a few years as I tend to question things and want to learn. My wife and I have earned the same wages so we took mine early and let hers grow to age 70, our benefits were $16 different. Also should she pass I will get her higher amount and the remaining additional IRA I earned, she will receive her benefit and my additional IRA should I pass. Mary Beth Franklin presents excellent info on SS and various options depending on individual circumstances. Taking SS early worked well for me.
Post: THE REAL RETURN ON DELAYING SOCIAL SECURITY
Link to comment from November 13, 2025