davismills
Recycles dryer sheets
- Joined
- Dec 6, 2012
- Messages
- 335
I FIRED on Feb 1, 2013 and am loving every minute of my new life. Like many of you, I'm constantly re-evaluating my numbers and I like using Quicken's planner. My real problem is when to start receiving SS payments. Everywhere I read it is better to wait as long as possible with many touting the 8 percent per year increase in payments. Quicken Planner shows an EOF (end of life) net worth that is 250K less for me if I wait until 70 versus 62 years of age upon taking SS benefits. I can only assume this is the tax bite that will hit with minimum distributions at age 70.5. Any Quicken experts out there that can explain this differential?