There's a behavioral nudge in favor of claiming an annuity like Social Security earlier as well. We tend to spend more of an annuity than an equivalent withdrawal from our savings, because we know that the annuity payment will recur next year, while a projected 4% withdrawal rate (for example) could vary depending on how our investments perform. Combine that propensity with greater physical abilities when you are younger, and you get an incentive to have the Social Security when you are willing--and able--to spend and enjoy it.
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There's a behavioral nudge in favor of claiming an annuity like Social Security earlier as well. We tend to spend more of an annuity than an equivalent withdrawal from our savings, because we know that the annuity payment will recur next year, while a projected 4% withdrawal rate (for example) could vary depending on how our investments perform. Combine that propensity with greater physical abilities when you are younger, and you get an incentive to have the Social Security when you are willing--and able--to spend and enjoy it.
Post: Rethinking the “Right” Time for Social Security
Link to comment from April 24, 2026
Wow, what a dumb take. Consider the extremes we have seen just in the past decade:
- free college interns (working for experience) to $30/hr babysitters
- Bitcoin to $120k from $100
- oil to $120/barrel from negative during covid
- U.S. housing equity to all time record $35 trillion from $8 trillion in 2010.
- Tesla to over $1 trillion market cap from “near bankruptcy”
Every one of these was the result of someone's "extreme" forecast coming true.Post: Doubt the Forecast
Link to comment from March 31, 2026