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Old 06-01-2010, 12:26 PM   #21
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I'm hoping to retire at 56 years, 4 months. That's my minimum age under the MRA +10 provision. The lack of COLA from 56 to 62 worries me, as well as the penalty for retiring early. I'll have to see how things look when I get close to retiring.
Yeah, that is a concern. I'd be inclined to lean my portfolio toward "inflation protection" mode until age 62 in that situation, but maybe it's just me. I'd probably pick up a slug of individual TIPS that mature close to my 62nd birthday, and once my income stream was largely COLA'd I'd probably revert to a more standard retiree allocation. Then again, that also depends on the economic environment as I were approaching, say, 55.
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Old 06-01-2010, 03:36 PM   #22
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Tadpole...If you decide not to take your SS at 62 1/2, and wait till age 65...your SS suppliment will automatically stop at age 62 1/2 anyways. So, you will get nothing till 65 when you start your SS. I have looked at the different angles planning wise...
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Old 06-01-2010, 07:10 PM   #23
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Tadpole...If you decide not to take your SS at 62 1/2, and wait till age 65...your SS suppliment will automatically stop at age 62 1/2 anyways. So, you will get nothing till 65 when you start your SS. I have looked at the different angles planning wise...
I'm retiring at the end of the month that I turn 62 so no supplemental.

We are in a good position at first. My husband retired last August and has a small non-colaed pension and his reduced SS. It turns out that with just my FERS pension we will only need about $200 additional funds per month to match our current spending. (This is after some initial expenses connected with our move to another state but I have already pre-saved for this.)

I am also considering taking a 10 year dump (payout annuity) of my TIAA holdings. Coincidentally this is about the same yearly cash flow as SS would have been (without COLA). I will reinvest most of this after-tax. This will reduce the RMD down the road. Just thinking about this though. The truth is that I can probably do this with little affect on our principle even if we spend most of it.
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