Social Security consideration
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I'm holding off collecting my Social Security until age 70. I do this because if I live to be 83 the difference I collect will increase by an amount that gives me roughly an 8% return.
This is about the same for everyone who has Social Security.
If inflation is running at 9+% should I reconsider taking Social Security before age 70. That's only a couple years off now, so it's no longer such a big deal.
The more important question might be, should everyone else who is waiting until age 70 reconsider?
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Social Security has very good actuaries. It doesn't matter a whole lot in terms of total monies collected, if you start drawing at 62, FRA or 70...For most people.
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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Social Security has very good actuaries. It doesn't matter a whole lot in terms of total monies collected, if you start drawing at 62, FRA or 70...For most people.
@Jolly said in Social Security consideration:
Social Security has very good actuaries. It doesn't matter a whole lot in terms of total monies collected, if you start drawing at 62, FRA or 70...For most people.
The actual numbers are old. I think I did this calculation about 10 years ago. Assuming a COLA of 4% (LOL), there really is little difference.
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