Originally Posted by rodi
I believe this is true.
And I think that's why RescueMe is doing 66/70.
Yes, that's part of the reason.
The other is to drawdown our respective TIRA's to reduce the amount of excess RMD's at 70.5. "Excess" meaning withdrawls required by law, not by needed living income/expenses. Delaying our respective SS claims (even though we're both eligible to claim today, at age 64) has a lot to do with our total estate plan, not just current income. My drawdown will be for an 11-year period, whereas DW will only be for two (she retired on her birthday, earlier this year, and will draw SS at her FRA age of 66).
Yes, I know that I/we can just reinvest the withdrawl excess, but I/we hate to pay taxes. Additionally (based upon current tax laws) our "excess estate" value (beyond what we have put aside for continuing care of our adult disabled "child") will be going to our named non-profit charities, which means most/all will be going to them without tax being paid, to continue their good works...