FI_RElater
Recycles dryer sheets
- Joined
- Dec 28, 2016
- Messages
- 415
I can't answer OP's question, but here's our plan and reason.
Plan: Grab early and go!
Reason: DW was a SAHM and is a few years older than me. Under the SSI reforms of 2016, there is no "File and Suspend" option. Ergo, not a dime for her until I file (or die). I ran an analysis not long ago. Our break even point is mid 80's for me and late 80's for her. F that! DW has a few health issues that will only worsen with age and I'm already a member of the myocardial infarction club.
As some of the more sage* members have stated, it's very personal. Hey... what's the best color??!!
*I am not sage - - - more like parsley.
Red, it’s “thyme”
for you, it appears that you might meet the conditions that suggest early claiming...notably health conditions
for us, both having about the same PIA , with mine only marginally lower, we will probably claim mine at Jan of year past FRA ( to maximize credits and have credits immediately resulting in benefits) { could also wait until 70, if we wanted} and for the other to wait until 70 for maximum survivor benefits
this will be revisited each year, and I always have the choice to claim that year rather than deplete the taxable/IRA, which goes to the surviving spouse
{yep, also was too young for “file and suspend”, just like when pension formula was changed for the worse.... but we’re also only drawing under 2% in retirement now ( without SS) }