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al: "What that does is give me a bit more surety in planning."

That is my take. I can't think of a single investment that I can make that will safely return 8%. If I can live on my dividend and interest income from age 62 to 70, Social Security will be like a delayed lifetime annuity with an 8% return.

Furthermore, I think old people just start thinking that way - especially old men who have been married for decades. Dad worked past his 70th birthday partly because he was an old country lawyer who liked to work, and partly because he wanted to max his Social Security and then invest it alongside his mandatory minimum distributions which he simply transferred from his IRA to his main account every year. That enabled him to continue to grow their egg until he was 87.

I think he did this mostly to ensure that he provided for Mom who died before he did.

Some people get more risk averse as they age.
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