I have finally figured it out so I want to put it out there to hear what you guys think. You have helped in the past.
I am retired and husband retiring in January. When husband retires we have a 22 month window to deal with before his Normal Retirement Date. Our monthly spending will be around 4000 a month(taxes not included) or 48,000 a year. All we will have is 18,000 my pension; 15,000 rental property; ?.... so we could take $ from our 900,000 net egg or pull husband pension. This is the deal if he takes early it is a reduction of 450.. at 3,482 or we could just wait a year and take it at 3,731 only lose 200. If we wait until the normal retirement date it will be 3,932 (47,184)
We are both 62. Because I am under the ssi windfall I will receive a reduction in survivorship, we probably will not take out the ssi until 66 or 67.
I posted some of this on I am link.
Love your input..... JWR
I am retired and husband retiring in January. When husband retires we have a 22 month window to deal with before his Normal Retirement Date. Our monthly spending will be around 4000 a month(taxes not included) or 48,000 a year. All we will have is 18,000 my pension; 15,000 rental property; ?.... so we could take $ from our 900,000 net egg or pull husband pension. This is the deal if he takes early it is a reduction of 450.. at 3,482 or we could just wait a year and take it at 3,731 only lose 200. If we wait until the normal retirement date it will be 3,932 (47,184)
We are both 62. Because I am under the ssi windfall I will receive a reduction in survivorship, we probably will not take out the ssi until 66 or 67.
I posted some of this on I am link.
Love your input..... JWR