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I'm not too worried about my overall portfolio if we have 5 or 6% returns, I'd have more of an concern if the market declined 2% or 4% for ten years or so. Of course I hope that's a low probability occurrence.

And, y'know, none of these projections and scenarios account for the possibility of what might happen when the SSA "trust fund" [*} runs out in 2033 (or earlier).

If SSA benefits are cut by 24%, do you think it will happen across the board? Grandma who has only SS income and millionaires who are collecting a 32% bonus because they deferred to 70----Congress is going to let both of them get cut by 24%? You can write the headlines now. "Greedy millionaires want grannie to starve on catfood."

More likely, the folks who got 32% extra by deferring will get cut back to 100% of their FRA, THEN will get the across-the-board 24% cut.

[*] The SSA trust fund is just a fiction. It's one part of the government lending money to another part of the government and pretending that it is a hard asset. It's like you lending $10 to your (non-working) wife and saying that the note she gave you is an asset.
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