Well, I took my SS at age 62, but Didn't need it and just invested it as Extra $ and thus into Treasuries in late 05'
It made 10% in 06' and over an ave. of +17% in 08' ( FIBIX and FLBIX )
I've diversified it into some other Bonds ( Corporates) for 09'
The way I figure it? Even if it does only 7% apy for the next 20 yrs?
It will pay me nearly 38% More vs waiting till age 66 to collect SS.
And older buddy of mine, he took his @ age 62 SS way back in 2000 and did the same thing with it..( made over 14% apy btwn 2000-2002) and made over 15% apy from 03'-07' and only lost -4% last yr on it..( On a Per $10k basis, it's now worth over $125,000 going into 2009 and if makes only 7% from now On? = $8,700 yr Plus @ $11k Yr SS is paying now..= $19k yr vs waiting till age 65 and at a Per $10k basis? Be only getting $12,450per $10k basis.. and they have that $125k in principal to their estate..and not Disappear when he dies like SS does..
And Now, his Younger ( pretty-Demi More Looking) Wife is taking her SS early as well and doing the same with her $... If even can make 7-8% on it? vs Based Upon what SS tells them what she will get waiting till age 66, it isn't worth it..
And they also got LTC ins. at age 55 as a back up plan B..
as well as have over 70% of their Assets in a Irrevocalble Trust...
so they will be Legally Poor to get alot of Benefits from the State and Fed. and not have to wait to "Spend Down" to get them...( Thanks to A sneaky Estate Attorney..lol )
Make Sense?
It made 10% in 06' and over an ave. of +17% in 08' ( FIBIX and FLBIX )
I've diversified it into some other Bonds ( Corporates) for 09'
The way I figure it? Even if it does only 7% apy for the next 20 yrs?
It will pay me nearly 38% More vs waiting till age 66 to collect SS.
And older buddy of mine, he took his @ age 62 SS way back in 2000 and did the same thing with it..( made over 14% apy btwn 2000-2002) and made over 15% apy from 03'-07' and only lost -4% last yr on it..( On a Per $10k basis, it's now worth over $125,000 going into 2009 and if makes only 7% from now On? = $8,700 yr Plus @ $11k Yr SS is paying now..= $19k yr vs waiting till age 65 and at a Per $10k basis? Be only getting $12,450per $10k basis.. and they have that $125k in principal to their estate..and not Disappear when he dies like SS does..
And Now, his Younger ( pretty-Demi More Looking) Wife is taking her SS early as well and doing the same with her $... If even can make 7-8% on it? vs Based Upon what SS tells them what she will get waiting till age 66, it isn't worth it..
And they also got LTC ins. at age 55 as a back up plan B..
as well as have over 70% of their Assets in a Irrevocalble Trust...
so they will be Legally Poor to get alot of Benefits from the State and Fed. and not have to wait to "Spend Down" to get them...( Thanks to A sneaky Estate Attorney..lol )
Make Sense?