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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75381  
Subject: Re: What age to take SS payments? Date: 12/1/2013 12:43 PM
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Start with the idea that if you defer taking benefits at age 62 to age 70, you must collect for x years past age 70 just to get back the cash you did not take earlier. I suspect the break even age might be as high as age 85. And that does not count inflation. Nor does it count the effects of mandatory distributions from your IRA or 401k, which may put you into a higher tax bracket in those years.

It's a very complex issue which can be figured many ways. I'd go mostly with your health and your life expectancy. If in doubt take the money earlier (assuming you are not still working etc). Otherwise it's a toss up and a gamble. Too many assumptions necessary to win the bet. May as well flip a coin.

If you win the bet, you can always brag about it later (assuming you live long enough).
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