I’m 68 and 6 months and just filed for benefits to commence next month. Until recently, I was going to wait until 70. I’m retired,and very financially comfortable. My benefit will be $3964 vs $4340 had I waited, thus only an 8.6% reduction. It would take almost 16 years to make up the difference in absolute dollars, but I would be over 95 before it would make up the difference at a modest 5% reinvestment rate. I’ve visited all of the social security sites, and reviewed the discussions here. Most urge waiting until 70. Survivor benefits are often pushed.
I’ve done the calculations many times before. With health unknowns and political uncertainty the gurus stopped making sense
I’ve done the calculations many times before. With health unknowns and political uncertainty the gurus stopped making sense
Statistics: Posted by Mayacallie — Fri May 10, 2024 6:35 pm — Replies 13 — Views 1350