The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Start taking from savings or file for early||Date: 6/11/2004 6:07 PM|
|Author: wcfenton||Number: 41194 of 75402|
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:
Hope this helps...
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|