Originally Posted by Funnel
Nearing 63 and ready to retire, does it make sense to not draw SS but instead to take the same amount out from the traditional IRA savings. This will allow SS increase 8% annually and reduce the RMD in the future.
Sure! The question, "When should I take social security?" is pretty contraversial here, but quite a few of us have decided to put off taking it.
Others decided to take it earlier.
There is no "right answer" to your question, but I am withdrawing from my TSP (= 401K) right now, at 62, instead of claiming SS this early. In a few years, once I claim SS, I plan to withdraw less from the TSP.