Chuckanut
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
One fact to consider in this discussion is diversification. By that I mean diversification of income sources.
Ideally, one could lose one source of income and still live on the remaining sources, if they are properly balanced.
So, for some people taking SS early might be a way to beef up the low retirement savings. For others, spending down the retirement savings while delaying SS might be a way to beef up the lower SS benefits. It all depends on what source needs beefing up to get that balance that will help see one through unexpected financial difficulties.
Diversification. Always a good thing to have.
Ideally, one could lose one source of income and still live on the remaining sources, if they are properly balanced.
So, for some people taking SS early might be a way to beef up the low retirement savings. For others, spending down the retirement savings while delaying SS might be a way to beef up the lower SS benefits. It all depends on what source needs beefing up to get that balance that will help see one through unexpected financial difficulties.
Diversification. Always a good thing to have.
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