In another thread, CutThroat recently said: "This is one of the reasons I am electing to delay S.S. to age 70. This will allow me to spend more money before age 70 knowing that I've got a bigger paycheck in older years, if I live that long."
Oddly enough, DW and I were just talking about this topic yesterday and I'd be interested in other opinions.
My thought has always been that I would take any pension or SS distributions as soon as I can, regardless of any reduction due to early withdrawal. I really don't have a good reason for this thinking, but I just figured if I can get my grubby hands on it, I'll take it. IOW, I'd rather take $1200/mo at age 62 than wait for $1700 at age 67. Again, not knowing how long I will be around, I'd rather get a smaller distribution now than risk not getting it at all.
If this has been discussed previously, feel free to direct me to other threads.
Oddly enough, DW and I were just talking about this topic yesterday and I'd be interested in other opinions.
My thought has always been that I would take any pension or SS distributions as soon as I can, regardless of any reduction due to early withdrawal. I really don't have a good reason for this thinking, but I just figured if I can get my grubby hands on it, I'll take it. IOW, I'd rather take $1200/mo at age 62 than wait for $1700 at age 67. Again, not knowing how long I will be around, I'd rather get a smaller distribution now than risk not getting it at all.
If this has been discussed previously, feel free to direct me to other threads.