pb4uski
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And what is the basis for that view other than pure conjecture? I have not seen anything written suggesting that approach. Everything that I have seen suggests that just a percentage of benefits would be paid out.
The latest projections are 100% of scheduled benefits to ~2034 and 75% thereafter.
In my case, if I take 70% benefit now at age 62 until 2034 I would receive $1,190 (17 years @ $70). On the other extreme, if I wait until I'm 70, I'll collect 130% for 9 years... or a total of $1,170 (9 years @ $130). So my BEP ignoring time value is about age 79 give or take.
If benefits are cut 25% in 2035 and beyond... if I claim at 62 I'll receive $52/year (75% of $70) but if I claim at 70 I'll receive $98/year (75% of $130).
In our case, joint mortality is an issue since DW was a SAHM and her benefits are a lot less than mine... the chances of one or the other of us living past 80 is very high.
The latest projections are 100% of scheduled benefits to ~2034 and 75% thereafter.
In my case, if I take 70% benefit now at age 62 until 2034 I would receive $1,190 (17 years @ $70). On the other extreme, if I wait until I'm 70, I'll collect 130% for 9 years... or a total of $1,170 (9 years @ $130). So my BEP ignoring time value is about age 79 give or take.
If benefits are cut 25% in 2035 and beyond... if I claim at 62 I'll receive $52/year (75% of $70) but if I claim at 70 I'll receive $98/year (75% of $130).
In our case, joint mortality is an issue since DW was a SAHM and her benefits are a lot less than mine... the chances of one or the other of us living past 80 is very high.
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