Although lots of things do factor in, taking the money as quickly as possible is almost always going to be correct, especially if you have assets. The only
exception is the situation where you continue to work and earn a good living
such that your SS benefit, if taken, would be very small.
1. With some variation based on individual circumstances, the "break even"
point is roughly 78 yrs of age. And frankly, a lot of us won't even make it
that far, let alone start to see the upside of waiting.
2. The reason assets matter is really very simple... The government is going to
be looking for ways to reduce benefits. People who are deemed wealthy
enough to not NEED the money will be robbed first. The notion that you put
money in and will get it out is a fairy tale. SS is a Ponzi scheme and your money
(and mine) is LONG GONE. If we are very lucky, we might get some back
3. Item 2 is a best case scenario. The SS system is NOT fiscally viable. Anyone
who waits is assuming the system will be as advertised. There is a word for such
people.... morons. This argument dominates all the other factors.
4. If money is at all tight, I'd keep working and postpone benefits. This assumes
your current income would greatly reduce your benefits.
QZ
[Non-text portions of this message have been removed]
Posted by: what7do7you7want@yahoo.com
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