ERD50
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Re: When to take SS
CFB, so what exactly do you think is wrong in jdw_fire's example?
http://early-retirement.org/forums/index.php?topic=12870.msg240069#msg240069
In his example, you do not need to live to any specific age for a 'payoff'. When you delay, you start spending *more* right away, and for the rest of your life, you have the same amount to spend as if you had not delayed.
The trade off for delaying is, you will end up with a smaller nest egg (zero in his example, since he matches spending to the SS amount to make the point clear).
This was Cut-Throat's point, which I didn't quite fully understand until jdw_fire's example.
-ERD50
Cute Fuzzy Bunny said:.......
Only thing you can control is to get your hands on the money and make it work for you.
Or you can count on everything still being the same or better 30-40 years from now when you're 100 and that delay strategy might really start paying off. :
CFB, so what exactly do you think is wrong in jdw_fire's example?
http://early-retirement.org/forums/index.php?topic=12870.msg240069#msg240069
In his example, you do not need to live to any specific age for a 'payoff'. When you delay, you start spending *more* right away, and for the rest of your life, you have the same amount to spend as if you had not delayed.
The trade off for delaying is, you will end up with a smaller nest egg (zero in his example, since he matches spending to the SS amount to make the point clear).
This was Cut-Throat's point, which I didn't quite fully understand until jdw_fire's example.
-ERD50