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Author: Rayvt Big gold star, 5000 posts Top Favorite Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75776  
Subject: Re: What age to take SS payments? Date: 12/2/2013 7:18 PM
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Take SS earlier if you need the money,
If you need the money, the whole question of waiting until 70 is already settled -- you can't wait, since not eating for 8 years is not an option.

The question is only an issue for a very small group of people.
* People with little money cannot delay -- so no decision needs to be made.

* People with lots of money don't need SS at all (as the saying goes: "SS for lap dances") -- so the decision is of no more importance than the decision of what size latte to buy at Starbucks.

Those two groups probably total 99% of the people eligible for SS. The remaining group is people who have enough money that they can easily get by with 8 years of not receiving SS, but not so much money that SS is immaterial.

So IMHO, the whole debate is silly. The proper goal is to retire with $1M-$2M so that you don't have to depend on SS.
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