pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
....Assuming most of the people in this forum are financially independent, isn't this crowd potential targets for social security means testing (income-based or asset-based.) How do you factor in that social security may be reduced or eliminated for people in this position? Wouldn't that argue for taking SS earlier before it disappears? Or do you simply assume it's too tough to forecast and leave it out of your analysis?
I recognize this as a risk but my view (and I know others will disagree) is that it is unprecedented and would be viewed as unfair (the Sue Spender vs Sally Saver argument) so is unlikely enough that I don't consider it in my plans.
Once I turn 62, I view myself as having an option to start SS if we have adverse investment results, it appears that SS will reduce benefits, our joint longevity takes a turn for the worse, etc but based on what I know now we would wait until FRA (for her) and 70 (for me).