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Subject:  Re: Start taking from savings or file for early Date:  6/13/2004  9:19 PM
Author:  Adenovir Number:  41205 of 78167


I don't know any details of your health status, but if you could find some kind of employment that would pay you what SS would give you (at 65.5), then you should probably wait and maximize your SS benefits. If you can't then I don't see much choice but to take the SS now.

From your $250K nest egg you could safely draw $10K/year (about 4% of the principle), assuming that you hold around 75% equities and 25% fixed income (50/50 would probably work too).

I don't think your going to be able to live at the 50-60K/year level that you had been, but if you can build up your nest egg with the severance pay, then you may be able to take out more, basing the annual withdrawal on the 4% rate.

I assume that you are still paying off your mortgage, but you should consider the $100K in equity in