Your table does not address one important point.For years 1 - 3 of the "take it at 62" scenario, you are not removing $18,000 each year from your savings/IRA/401K. It continues to grow if it is properly invested.No. You double counted. You counted $1500/mo from SS for living expenses, but you also counted that you saved that same $1500 in order to be able pay it back.You can't both save it and spend it.In fact, when I mentioned this refile technique to my retired neighbors last year, they laughed in my face. They said, "Yeah, and where are we going to find $60,000 to pay SS back? Stop eating for 4 years?"
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra