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Subject:  Re: What to do...? Date:  11/16/2001  8:24 PM
Author:  rkmacdonald Number:  32568 of 88063

Author: cfleisig Date: 11/16/01 5:53 PM Number: 32566 question is...should I wait till I'm 66 to start taking my SS payments, and should I invest them somewhere, or should I wait till I'm over 70 1/2 to get the maximum amount or should I forget ever getting SS since the Feds seem to be gutting it now? Or, one other possibility, take the SS payments as soon as 62 and invest them????

My philosophy is take SS as soon as you can. You never know what might happen to you, or when. If you don't need it, by all means, invest it. But I would recommend to be conservative about it. At your stage of life, you don't have time to recover from a fall.

Most people near retirement use a 50/50 or a 60/40 stock/bond mix to reduce portfolio volatility. Some brave ones go to 70/30 or 80/20, but that's too scary for my blood. I like 60/40. If you had had your IRA allocated 60/40 before the crash, you would have been down only about 16% at the worst point.

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