ShokWaveRider
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I was reading a post about why one would take SS payments at 62 vs waiting, this has nothing to do with that.
I am 59, I am planning on retiring again soon (Took a 4 year sabattical in 2002). Though I would not go back but got one of those offers.
Anyway I digress.
I was looking at how much I would get if I took my SS at 62, 66 an 70. There are quite some difference according to the GOV Site. I also took my life expectancy and it appears to be 79. They never asked about my heart and I have a pacemaker and medicated High BP. So I am subtracting a few years for that. Mum died at 64 (Stroke) Dad a 74 Hear Attack. So I think 75 for me is more realistic if not pushing it. That said here are the numbers and some questions.
Thanks
I am 59, I am planning on retiring again soon (Took a 4 year sabattical in 2002). Though I would not go back but got one of those offers.
Anyway I digress.
I was looking at how much I would get if I took my SS at 62, 66 an 70. There are quite some difference according to the GOV Site. I also took my life expectancy and it appears to be 79. They never asked about my heart and I have a pacemaker and medicated High BP. So I am subtracting a few years for that. Mum died at 64 (Stroke) Dad a 74 Hear Attack. So I think 75 for me is more realistic if not pushing it. That said here are the numbers and some questions.
- 62 - $1600pm
- 66 - $2200pm
- 70 - $3200pm.
- Remember I am 59 now, does that mean if I CONTINUE working till 62 and take it then I will get $1600 OR if I quit NOW and take it at 62?
- I am leaning towards taking it at 62. I will definately not wait till 70. But if I did take it at 66, based on the initial life expectancy of 79, the difference is $16,800 in favor of waiting. Is that worth it? If I pass earlier I win .
- DW is only 54 and has a lot longer to wait how will that affect her?
Thanks
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