veremchuka
Thinks s/he gets paid by the post
I sat down and did some simple math. This is for a male, no dependents and no spouse to consider. My age choice to start collecting is based upon my choice not providing for anyone else.
At the SSA site I got my annual SS amount for age 62 and 66. I calculated what I'd get each year to age 75 and allowed nothing for COLA. Doing the straight math I start to receive more around approximately 74 years and 8 or 9 months if I wait to start at age 66 vs 62.
I have read this is setup so that a male's breakeven point is just under 78 years. Did I overlook something? Seems breaking even just before 75 is a big difference than just before 78. A few months earlier or later OK but 3 years? The math is quite simple I wonder if I am missing something?
Thanks.
At the SSA site I got my annual SS amount for age 62 and 66. I calculated what I'd get each year to age 75 and allowed nothing for COLA. Doing the straight math I start to receive more around approximately 74 years and 8 or 9 months if I wait to start at age 66 vs 62.
I have read this is setup so that a male's breakeven point is just under 78 years. Did I overlook something? Seems breaking even just before 75 is a big difference than just before 78. A few months earlier or later OK but 3 years? The math is quite simple I wonder if I am missing something?
Thanks.