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| Subject: SS conclusion | Date: 11/5/2003 11:30 AM | |
| Author: workwayless | Number: 199 of 1773 | |
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I look to SS to one day augment my income. One thing I have been convinced of is that SS will eventually be means-tested--probably by the time my fellow boomers are eligible. OTOH I read how posters like RetiredVermonter are able to use SS to meet most of his family's living expenses. So I have come to the following conclusion: during the pre-SS years, it couldn't hurt to try to meet most of your fixed living expenses equal to what you'd draw from SS and any applicable pensions. If you did this, I see two probable outcomes when you reach SS eligibility age: 1) Your portfolio's value is high enough so that SS gets means-tested away. 2) You're eligible for SS so you reduce your investment withdrawals by the amount of your SS payments. Either way, there's no impact to your lifestyle. |
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