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The New Coffee Room

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  3. Against Conventional Wisdom

Against Conventional Wisdom

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  • JollyJ Offline
    JollyJ Offline
    Jolly
    wrote on last edited by
    #1

    Actually, I think it can work for the right person...

    https://www.usatoday.com/story/money/personalfinance/retirement/2024/05/05/dave-ramseys-social-security-plan-is-risky-and-unrealistic-for-most-retirees/73496319007/

    “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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    • CopperC Offline
      CopperC Offline
      Copper
      wrote on last edited by
      #2

      If you start collecting at 62 and invest all of it, you have to beat what the feds are giving as a return.

      My recollection is that that is something higher than 8%.

      If you can beat 8% for 8 years do it. And that is on the pre-tax amount, you'll need more to cover the tax.

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