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No. of Recommendations: 8
"Just who are these people that will spend more money now because they expect to get an income boost 22 years from now."

I don't know about 'more money' but we are spending down some of our fixed income now (along with a pension with an inflation adjustment and a 3% withdrawal from one sheltered account combined with Ispouse's SS) while treating my larger SS entitlement as longevity insurance.

This makes sense to me because our fixed income assets, including preferred's are paying nowhere near 8%, and the increased SS would go to either or both of us if we live past the breakeven point. It looks to me like a good deal just like your decision to refi whenever it looks like a good deal to you.

You say, 'Why not refi and get a better deal if you can afford it?'

I say, 'Why not buy longevity insurance at a fair price that protects both spouses in the event they live a long life, if you can afford it?'

Plus, I can always change my mind and take SS between now and 70.5 if I feel like it.
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