papadad111
Thinks s/he gets paid by the post
- Joined
- Oct 4, 2007
- Messages
- 1,135
Yes. The point about return that could be generated by taking the $ earlier is a good point
Another good point is quality of life - money at 63 often can be enjoyed a lot more than money at 70 and beyond.
The state (and tax payers) are indeed wise to suggest taking money later from their own self preservation perspective -- For those that take money earlier and then fall really short, will require incremental demands on the social safety net (Medicaid etc) and the government (taxpayer) will likely need to kick in more money to cover the gaps. Tax payers will ultimately pay for that.
Another good point is quality of life - money at 63 often can be enjoyed a lot more than money at 70 and beyond.
The state (and tax payers) are indeed wise to suggest taking money later from their own self preservation perspective -- For those that take money earlier and then fall really short, will require incremental demands on the social safety net (Medicaid etc) and the government (taxpayer) will likely need to kick in more money to cover the gaps. Tax payers will ultimately pay for that.