Looking at claiming options for SS. I’ve tried a couple of calculators (Open Social Security, My Social Security). Both of these solve for my optimum payout by delaying file date to 70 yrs of age. Wife would file now at 64 on her earnings an then claim spousal when I file. This scenario maximizes the payout vs. filing now at 65\64.
The concern I have is the optimum scenario ignores the fact that the bulk of living expenses then come out of assets and are unavailable to participate in the market. When I plug these two scenarios into my wildly complicated spreadsheet to evaluate my asset value over retirement, the earlier filing date always wins because of the lower drawdown in assets.
Has anyone else been thru this analysis? What were your conclusions?
The concern I have is the optimum scenario ignores the fact that the bulk of living expenses then come out of assets and are unavailable to participate in the market. When I plug these two scenarios into my wildly complicated spreadsheet to evaluate my asset value over retirement, the earlier filing date always wins because of the lower drawdown in assets.
Has anyone else been thru this analysis? What were your conclusions?