ArkTinkerer
Full time employment: Posting here.
- Joined
- Aug 12, 2014
- Messages
- 584
I am a ways away from SS but planning ahead is what has me on a path to RE...
I found a number of sites that talk about delaying SS so you get a higher payout. MotleyFool has an article that says it may make sense to take it earlier. I find all these are not really as accurate as I would like. Is there a really good tool for making this calculation?
My primary complaints about the other analysis:
1. Doesn't properly account for life expectancy as one ages.
2. Does not account for being able to keep other funds in accounts that earn greater than inflation.
3. Does not account for delays in inflation adjustments when inflation is low.
4. It would be really nice if it accounted for investment risk like FireCalc but I know that is asking a lot.
5. Evaluating each of the possible alternatives for a married couple would be a real boon as well!
Anyone seen or done a better analysis on when to take SS?
I found a number of sites that talk about delaying SS so you get a higher payout. MotleyFool has an article that says it may make sense to take it earlier. I find all these are not really as accurate as I would like. Is there a really good tool for making this calculation?
My primary complaints about the other analysis:
1. Doesn't properly account for life expectancy as one ages.
2. Does not account for being able to keep other funds in accounts that earn greater than inflation.
3. Does not account for delays in inflation adjustments when inflation is low.
4. It would be really nice if it accounted for investment risk like FireCalc but I know that is asking a lot.
5. Evaluating each of the possible alternatives for a married couple would be a real boon as well!
Anyone seen or done a better analysis on when to take SS?