When we did our retirement planning, we did so conservatively. We budgeted taking SS ay 62, even though we do not plan to take it until 70. We budgeted life expectancies at 94. We also budgeted SS assuming there would be a 25% cut in benefits, thinking it would get addressed in congress. (ok so we made that mistake!)
Now that we are 58 and 57, and within 5 years of eligibility, are we being too conservative with this?
We certainly will still want to spend below means, but we do not want to leave opportunity on the table either.
No one of course knows for sure.. but thoughts?
Now that we are 58 and 57, and within 5 years of eligibility, are we being too conservative with this?
We certainly will still want to spend below means, but we do not want to leave opportunity on the table either.
No one of course knows for sure.. but thoughts?