Another reason to claim Social Security at 62

Not sure that's a universal truth, like all things about the SS claiming age.

We had two kids in our early 40's, mom died over 10 years ago. Last kid will graduate from college when I'm 67. Not married, still supporting the oldest due to health reasons, and medical expenses have been high. I'm not mid-7 figures but comfortable enough. No big travel or other classic retirement splurges and it's close to stay under the first Medicare tier and cover hard-wired expenses with those circumstances.

No pension, and taking SS at 65 cuts my draw from assets by an equal amount. Can't know today how things will work out for either kid, so want to leave as much as possible while I make the best of my next few decades.

After 27 pages of this discussion, I'm surprised at the dogmatic responses and how few think their correct/defensible decision based on their situation may not be optimum for someone else.

Like all things SS, "it depends" :) :flowers:
I have seen on here (and other forums) that people are really enamored with their own solutions to investment and withdrawal. I learn from all of them, but (will now) choose my own that allows me to feel comfortable. It will be right (or wrong) for me!

Flieger
 
I have seen on here (and other forums) that people are really enamored with their own solutions to investment and withdrawal. I learn from all of them, but (will now) choose my own that allows me to feel comfortable. It will be right (or wrong) for me!

Flieger

I think your approach is the right one. Read extensively and try to learn from everyone, but choose your own path. Each of our lives is unique, with unique challenges and unique concerns, and what works for one may not work for another. That's why I will happily tell people what I did and why I did it, but I really hesitate to advise other people what they should do.
 
After 27 pages of this discussion, I'm surprised at the dogmatic responses and how few think their correct/defensible decision based on their situation may not be optimum for someone else.
+1

There must be a name for the logical fallacy that everybody else's situation must be the same as mine.

I think the legal begals call it an A Priori Argument.
 
I guess I read things differently than some... I do not see a dogmatic statement that there is only one way to think about it...

As mentioned, not all situations are the same.. I for one have a younger wife who has no SS so my decision is very easy... 70... but I have a friend who is not married, dad died in his 40s and not the best health... he is still working at 65 but about to retire and will start SS right away... easy for him..

As some put down... YMMV...
 
Not sure that's a universal truth, like all things about the SS claiming age.........

Like all things SS, "it depends" :) :flowers:
Very true. It's possible that the poster you're responding to meant to say that "Leaving an estate to heirs is a non-factor FOR ME." instead of "Leaving an estate to heirs is a non-factor." His implication that his life scenario applies to everyone is nonsense. Of course, his post gave him the opportunity to do a bit of chest pounding and that's always fun, so I understand.
 
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+1

There must be a name for the logical fallacy that everybody else's situation must be the same as mine.

I think the legal begals call it an A Priori Argument.


Expanding what you see as good for yourself and your situation to everyone else and their disparate situations can be called a False Generalization. I found this on Google:

A "false generalization" argument, also called a "hasty generalization," occurs when someone makes a broad conclusion about a group of people or things based on a very limited sample size or anecdotal evidence, essentially "jumping to conclusions" without sufficient data; examples include: "All teenagers are lazy because my teenage neighbor never does chores," "Since my friend's vegan diet made her healthier, everyone should go vegan," or "I met a rude taxi driver in New York City, so all New Yorkers must be rude.".


Key points about false generalization arguments:

  • Limited sample size:
    Relying on a small number of experiences to make a broad claim about a large group.

  • Anecdotal evidence:
    Using personal stories or isolated incidents as the primary basis for a generalization.

  • Oversimplification:
    Ignoring nuances and complexities within a group to make a sweeping statement.
 
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