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URL:  http://boards.fool.com/susanmb-would-i-be-best-served-to-apply-now-for-20887150.aspx

Subject:  Re: Start taking from savings or file for early Date:  6/11/2004  6:07 PM
Author:  wcfenton Number:  41194 of 75402

Susanmb...

Would I be best served to apply now for my early SS in the lower amount and supplement that from my savings (only around $250k with currently about $100k equity in my house if I could/would sell that - not desirable - or would it make more sense to begin taking what I can scrape by on from my savings when my unemployment is depleted and hold off on starting my SS for a year and half when I can get the full amount? Either way I go, it's a zero-sum game, but the difference in early withdrawal of SS, as opposed to waiting to get the full amount is around $400-500/mo according to the schedule SS sends me periodically.

I don't have a solution to your situation, however, you may be able to get a better handle on your alternatives with the help of this Social Security Site:

http://www.socialsecurity.gov/retire2/breakeven.htm

Hope this helps...
Bill

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