For me the benefit of waiting till 70 to start collecting ss is to have the maximum monthly payment possible to cover the potential cost of long term care if I do need it. I have pension and I also wait till I get the max payment as well. Meanwhile I am already retired and don't need neither of these incomes.
Comments
What is CCRC if you don't mind me asking?
Post: Prepare for Care
Link to comment from September 4, 2022
For me the benefit of waiting till 70 to start collecting ss is to have the maximum monthly payment possible to cover the potential cost of long term care if I do need it. I have pension and I also wait till I get the max payment as well. Meanwhile I am already retired and don't need neither of these incomes.
Post: The Magic Number
Link to comment from August 27, 2022