marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,464
Here's an interesting (at least to me) SS question that I'd like to throw out before the collective wisdom here:
BIL is getting ready to RE. He receives a good amount from dividends and interest. 60/40 portfolio running about 9%
Between dividends and taking SS at 62 he'd have enough to live on, and a bit more and he'd be within his SWR.
If he waits for SS at FRA, he'll have to dip into his principal to the tune of about $20K per year for 3 or 4 years and he'd be slightly over his SWR.
He's fully aware of the pitfalls of taking SS at 62 vs 65-66 but has no spouse or other longer term considerations.
So...any insight? Save the principal or wait to FRA? Personally, I've had "never touch the principal" drilled into me since I was 8 years old.
BIL is getting ready to RE. He receives a good amount from dividends and interest. 60/40 portfolio running about 9%
Between dividends and taking SS at 62 he'd have enough to live on, and a bit more and he'd be within his SWR.
If he waits for SS at FRA, he'll have to dip into his principal to the tune of about $20K per year for 3 or 4 years and he'd be slightly over his SWR.
He's fully aware of the pitfalls of taking SS at 62 vs 65-66 but has no spouse or other longer term considerations.
So...any insight? Save the principal or wait to FRA? Personally, I've had "never touch the principal" drilled into me since I was 8 years old.