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Retirement Discussions / Retire Well on Less


Subject:  Re: Newbie to this Retirement Board Date:  10/11/2012  12:12 PM
Author:  alstroemeria Number:  1432 of 1751

An illogical thought that refuses to go away is what if I die at age 70 and never get to enjoy retirement?

It may not be illogical, depending on your health conditions--are they mainly annoying and well controlled or serious and apt to shorten your life? (you don't need to post an answer to that-) If I had a life-threatening condition, I'd retire sooner rather than later unless my job was my raison d'être.

Social Security benefits are designed to be actuarially equal no matter what age you start collecting. In other words, you end up with the same total amount of $$$ over the years whenever you retire between age 62 and full retirement age, IF you live an average lifespan. If you live longer, delaying the start of SS works out better financially--much better if you start collecting at 70 and live