No. of Recommendations: 1
As long as you can do a Withdrawal of Application at age 70 and start over if you're still in good health, it makes no sense for wealthy people to delay their benefits.

I started taking Social Security at 62. Before I did, I tried to compute the discounted present value of all my benefits depending on when I took them. Maybe my math is bad, but I didn't come up with meaningfully more money down the road by waiting, and I didn't do any sophisticated actuarial analysis which would quantify the "I could get hit by a car at age 69" factor.

Mostly, I was afraid of the government "solving" the SS problem with the "Lucy with the football" approach.

I goes like this:

"Charlie Brown... if you wait another year to take your benefits, I promise I will give you more money"

So you wait a year and then you hear "Charlie Brown... if you wait another year to take your benefits......" Fool me once.

Bird in the hand, I say. The Withdrawal of Application thingie is just the icing on the cake.
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