Just a chart of the real annualized returns of delaying from age 62 to age 70 for each year you live past 71. I think this makes the financial tradeoff of this simplest case very clear. The traditional crossover age of around 80, without investment returns considered, shows up in this chart as a roughly 0% return by age 80. Before that age the returns are negative, after 80 the returns are positive. Even at age 95 the implied return is only 6%. And the risk of delay is shown very clearly by a -22.4% return if you die at 72.
http://wpfau.blogspot.com/2014/04/delaying-social-security-what-investment.html
Doesn't change anything about the insurance value of delaying SS of course. I'm still planning to delay.
http://wpfau.blogspot.com/2014/04/delaying-social-security-what-investment.html
Doesn't change anything about the insurance value of delaying SS of course. I'm still planning to delay.
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