Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
dferry wrote: I'm planning the same strategy at 54.
Seems to me that if you have at least 1.0 mil in your account...take it back on sys. w/draw at 5-6%...the portfolio should outlive you and on to your heirs. With soc. sec. kicking in at 62... that's another cushion that may help...

I am curious if anyone knows what effect retiring at 54, and not working for pay after that time, will have on social security benefit? Isn't it calculated on your ten years of highest salary or something like that? And those ten years are not inflation adjusted are they?
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement