However poorly I phrased my post, I estimated that my breakeven at 4% would be about 80 years old. You get 81.7: Ray: "81.7 816,671 816,676 <-- breakeven" I concede that your estimate is accurate especially since I was reciting from memory of something I looked up long ago. I estimated that 6% after tax income would yield a break even of about 85. And you appear to agree:Ray: "85 1,069,788 1,173,781"I am not that confident that I will be able to earn 4, 5 or 6% returns in this economic environment over the next ten years. Delaying my Social Security appears to be a hedge against the risk that I will not get my desired returns.I am not confident that both my wife and I will die at 85 given that none of our parents did - nor our aunts or uncles. My original post was in agreement with Alchook's statement:"I don't think I'd want to depend on $22K for living expenses, even at age 85. But using your line of reasoning, which I think is realistic, at age 85 $40K a year would likely be more than enough."Ray: "This is valuable to me, because I'd rather be rich than "right"."I agree with that. It seems to me that the safest way for me to prepare for retirement is to continue to grow my financial assets that I have accumulated for 30 years plus allow my Social Security entitlement to grow from $1800 per month to $3166 per month as a hedge against the possibility that I will not get my expected returns over the next ten years.I certainly can't find an annuity that will grow in value by 8% per year. You guys appear to have more confidence in your investing skills than I.
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