Independent
Thinks s/he gets paid by the post
- Joined
- Oct 28, 2006
- Messages
- 4,629
There are good reasons for starting early and good reasons for deferring.
For most people, it's a close enough call that I'd say there is no "wrong" decision.
The only thing that bothers me is people, who have substantial assets, who think they can spend more money in the early years of retirement by starting SS sooner. That isn't true if you look at the numbers. It may be the right decision from an emotional perspective, but people need to call it what it is.
FTR, we started at 66 and 70 because the numbers say we have a slightly better chance of not running out of money this way. The survivor benefit is part of the numbers thing.
For most people, it's a close enough call that I'd say there is no "wrong" decision.
The only thing that bothers me is people, who have substantial assets, who think they can spend more money in the early years of retirement by starting SS sooner. That isn't true if you look at the numbers. It may be the right decision from an emotional perspective, but people need to call it what it is.
FTR, we started at 66 and 70 because the numbers say we have a slightly better chance of not running out of money this way. The survivor benefit is part of the numbers thing.