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Author: buzman Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76421  
Subject: Re: Dilbert's 1-page personal finance guide Date: 9/26/2013 7:44 AM
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I'd add a 10th item.

10. The cheapest annuity you can "buy" is delaying Social Security to age 70.

intercst

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Sorry for the late post.

One of the big mistakes people can make is taking SS benefits early.

With some married couples it can makes sense but I digress.

Longevity is tied to income. Men who are poor, working poor, and lower middle class simply don't live as long in America.

http://www.ncpa.org/pub/st342

. "Consistent with other studies based on individual level data, we saw that longevity gains for men in counties with higher Social Security benefits among the retired outpace the gains in counties with lower Social Security benefits."

It's a bit misleading to make broad stoke recommendations when each individual's situation differs.
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