Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: Re: Poll: Age you started SS retirement benefits Date: 3/22/2013 8:38 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 3
If you can delay them....there are benefits


8% a year increase in payments for life. You break even at about 77-78.


If you are married, your wife will receive bigger benefits maybe if you wait till 69 or 70 if you can. If you die, she'll collect the bigger sum . If she didn't earn much, she can start at 62 for 'her' benefits, then switch to half of yours. If you die, she gets more.


It's hard to earn 8% on your money these days......delay for 8 years and you get twice as much per month. If your parents, brothers, and relatives all live to 90 plus and you are in great health, you might consider delaying.

If they all died by 72...well, then take it at 62......unless, of course, they did themselves in by coal mining, working in asbestos factory, or smoked four packs a day their whole life....and you don't/didn't.



t.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Macro Economics

The Story Behind the Story
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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