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chinaco · 05-12-2007, 04:23 PM

This is a bit more complicated discussion that meets the eye. Quite a number of variables to consider.

I have read several analysis with slightly different conclusions.

For DW and I... my SS is the larger amount. We will begin taking hers at 62. I am thinking about taking mine at full retirement (65.x), possibly will wait till 70.

This would allow both of us or the survivor to have a higher COLA Annuity.

I need to run some projections to determine which approach works the best. I want to make sure we do not run out of money... and I also want to spend most of our portfolio.

Since we will begin drawing SS at the earliest 7 years after we RE, we can see how we are doing at that time.

Our Ultimate goal is to spend more in the early years... but we do not want to run out of money. I believe deciding when to begin SS is part of the strategy.

http://money.cnn.com/2004/11/18/news...0412/index.htm

05-12-2007, 04:23 PM	#6
chinaco Thinks s/he gets paid by the post Join Date: Feb 2007 Posts: 3,052	This is a bit more complicated discussion that meets the eye. Quite a number of variables to consider. I have read several analysis with slightly different conclusions. For DW and I... my SS is the larger amount. We will begin taking hers at 62. I am thinking about taking mine at full retirement (65.x), possibly will wait till 70. This would allow both of us or the survivor to have a higher COLA Annuity. I need to run some projections to determine which approach works the best. I want to make sure we do not run out of money... and I also want to spend most of our portfolio. Since we will begin drawing SS at the earliest 7 years after we RE, we can see how we are doing at that time. Our Ultimate goal is to spend more in the early years... but we do not want to run out of money. I believe deciding when to begin SS is part of the strategy. http://money.cnn.com/2004/11/18/news...0412/index.htm __________________ Planned FIRE Summer 2011 Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.