Does it show this or does it show that under a particular set of circumstances it is better to collect at 62?
This is very obviously true. Nevertheless, plenty of geniuses will come along to "prove" something else. Same ole, same ole.Here's a link to the post I mentioned earlier:
http://www.early-retirement.org/for...f-maximize-my-ss-com-77660-4.html#post1604411
-ERD50
This is very obviously true. Nevertheless, plenty of geniuses will come along to "prove" something else. Same ole, same ole.
As far as these posts being designed to prove that what the OP did was right only for him, doubt it. What use is "proving" that some action already taken was the obvious best thing to do? If someone went to Las Vegas and put his million on black, would his ~$2 million from a wining bet prove this was "the best thing to do?"
Ha
Are you picking one year before FRA because you will be medicare at 65 years old?I was going to take mine at 62, but decided to wait till 65 (1 year before FRA) the reason is that I did not need the income, if I had it I could not qualify for ACA subsidies. That made the decision easy. I WAS going to take it at 62 as my longevity prediction is about the national average.
Are you picking one year before FRA because you will be medicare at 65 years old?
I see the OP is 'Gone travelling"...I THINK it's the same guy who was on this board months ago with a similar story...in addition to no friends, wanting to move to the midwest, and liking to "watch people" in the mall....
Is it that person?
Error in your % of change, it's actually (35.94%).March 5, 2004: 10,295.55
March 5, 2009: 6,594.44
Percent change: (37.76%)
In 2004 there were 33 days where the 5 year Dow return has been lower than (25%).
The market is unknown, your LE is unknown. There is no 'answer', only a process to use to make a decision.
-ERD50
I see the OP is 'Gone travelling"...I THINK it's the same guy who was on this board months ago with a similar story
While I am a long ways from 62, I am already debating whether I should take SS at 62 (or slightly thereafter) or pull from my Rollover Traditional IRA until I am 70 and then take SS. My problem is that I was a really good saver in my 401K/IRA. Maybe too good of a saver, because financial calculator's show that if I don't touch it, my Rollover IRA balance will be very large by the time I reach 70.
I'm concerned that if I don't start drawing my IRA down early in my 60's, I will be forced to take large RMD's when I am 70.5 that will push me out of the 15% tax bracket and will make more of my SS taxable. I would like to have some ability to manage my taxable income and tax bracket once RMD's start.
I guess I have one other option....I can do IRA to Roth conversions. Thankfully, I have many years to consider my options.
Life expectancy for females is 81.2 years and for males, it's 76.4 years. You might be able to beat the stat, however.
I see the OP is 'Gone travelling"...I THINK it's the same guy who was on this board months ago with a similar story...in addition to no friends, wanting to move to the midwest, and liking to "watch people" in the mall....
Is it that person?
I'm not even on these boards that much and I thought I'd read this story before.....obviously SOMEONE caught it but I don't think I've seen it mentioned
The replies are still worth reading even if it WAS a troll!!!!!
Blue collar guy