ivinsfan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 19, 2007
- Messages
- 9,966
On the contrary - if you know that you'll live to be way above the average/median life expectancy, then it pays to delay SS to the point of where you'd get the maximum annual benefit. You're going to have many years collecting way past the break even point.
Or if things might be a little tight at the beginning give yourself some extra money for the first 8 years and let your 401 continue to grow. In fact we pretty much know the OP won't really live to 110...do you know that no one 110 years old can still walk? No chance you'll be living unassisted. Anyone want to guess what a nursing home will cost in 60 years?
The OP would most certainly be living on government assistance at that point. For all the talk about how bad she feels our HC is I don' know if there are many countries in the world that would pay NH bills indefinitely. I would venture a guess that for the time between late 90's to 110 the extra SS money won't mean a thing to her. But it might improve her life in the early 60's until 70.