No. of Recommendations: 1
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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