Well said
My only comment is you guys that say I do not know if I will live to 70 then you are like a lot of people that only are looking for what they can get now. You must believe that you have no future. You also need to take into account your surviving spouse and what will benefit her when you pass.
There are many consideration in taking SS early one is your health. I have just applied for SS and will be leaving that BIG BLUE GLOP (IBM) in July to fend for myself.
If you want I can send everyone the great pictures of me and the wife in Las Vegas at the expense of the of Casinos. I look at what I would have at 65 and now and YES I made money every year by not taking it at 65. May I live long to see more money then I put in.
PBK
security (early) and you still continue working, your social security is 85% taxable
From: vpFREE@yahoogroups.com [mailto:vpFREE@yahoogroups.com]
Sent: Monday, February 16, 2015 5:47 AM
To: vpFREE@yahoogroups.com
Subject: revision?...[vpFREE] Re: Retirement & its impact
Sent just to JT (not to all).
If you use your logic for taking social security (early) and you still continue working, your social security is 85% taxable, so you will lose some 30% (depending upon your tax bracket) of it to Uncle Sam when you file your tax return each year…making your analysis conclusion, that in every situation, you should wait until you are required to begin taking your social security benefit, which is age 70, and then seriously consider stopping your earnings flow from working.
Do you agree? Is my argument accurate?
DTH
[Non-text portions of this message have been removed]
Posted by: "Paul K" <paulbkramer@cox.net>
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