marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,513
What life expectancy is assumed?
Many of us are not looking at delayed SS as a straight financial gain/loss break-even thing. It is looked at as longevity insurance - it may pay off in the case that we outlive our average LE. It provides some protection if our portfolio dwindles in our old age.
And like most insurance, you don't expect it to provide a gain - you expect to pay on average to cover a risk. But if that risk happens, you get some benefit. And SS is unique in that it appears to be 'cheap' insurance, and can have have spousal benefits, if they apply.
-ERD50
I agree, but if I can spend 30% more per year through the rest of my lifetime, (set calculator to age 92), it sure makes a big difference!