misanman
Thinks s/he gets paid by the post
- Joined
- Apr 28, 2008
- Messages
- 1,255
Sorry if I missed it, but I'm surprised that there has been no comment on the tax implications of taking early vs delaying. The gist of this is that only half of SS is accounted for in the calculation that is used to determine how much of SS is taxed. A strategy that some folks might investigate, depending on the specifics of their situation, is to skew their income towards SS in the later years so as to reduce the amount of it that is taxed. Is anyone considering this?