MasterBlaster
Thinks s/he gets paid by the post
- Joined
- Jun 23, 2005
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- 4,391
The Wall Street Journal had an interesting article today. The article suggests that rather than the often proposed delay to 70 advice, that one make your decision also weighted by market levels. If you are retiring into weak markets you just may NOT want to delay as your required nestegg withdrwals would be too great.
How to Time Social Security Payouts - WSJ.comThe standard advice in recent years for healthy retirees has been to delay starting Social Security payments as long as possible. The reason: You get up to an 8% bump in payments each year you delay between what is called your "full retirement age" for Social Security purposes and age 70. (Full retirement age varies by person; you can look yours up at ssa.gov/pubs/ageincrease.htm.)
But new research finds that for some families, it can pay to fine-tune that strategy—mainly to postpone withdrawing too much from other savings early on. "You really don't want to front-load your retirement withdrawals, especially if the markets are going down,"
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