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<<In spite of all the tooth gnashing that goes on on this subject and all the advice people give, the bottom line is the actuaries have it figured out so you collect exactly the same amount whenever you begin collecting and assuming you live as long as predicted in the actuarial tables.


I suspect that there are a variety of personal variables that might affect what people get in real benefits that aren't going to be accounted for by an actuary's study.

For example --- half Social Security benefits are subject to income tax, and Medicare is means tested and is likely to be increasingly means tested.

I suspect that by delaying income from Social Security, a lot of people will reduce the assets they need to convert into income, which would reduce or minimize income taxes and Medicare costs.

So if someone depletes their savings early and then gets a larger Social Security benefit, that would probably result in increased lifetime ability to spend.

Seattle Pioneer
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