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Author: Howie52 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 59181  
Subject: Re: Next up, the Social Security decision Date: 10/31/2012 9:12 PM
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"If we kept our savings under the mattress, we could self-fund our desired retirement income for a long time, but we'd need to take 5%--wouldn't want to do that for long. What if we need assisted living later and couldn't afford it because we depleted our savings?
So..do we "need" the funds? I don't know how to answer that except to say Yes...and No. "

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

There will always be uncertainty - but if you say "yes" then you
want to get the funds as early as you can.

But if you say that you could fund your retirement at a 5%
withdrawal rate - but not for long - then what is "long"?
Figure that the delta from 62 to 66 is 4 years - so is 4 years
"long"?

I figure to retire when I'm 64 - and expect to have funds set aside to
cover expenses till I reach 66.
Great expectations sometimes come to naught.
If naught comes to pass - I will not hesitate to draw on SS
early.

Everyone makes their own choice - cause everyone has a
different concept of living. Other folks can offer perspective
but the decision comes down to you.

Good luck and may you choose wisely

Howie52
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