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"This isn't Lake Woebegone. There is no reason to think that you'll live longer than average."

Does that differ from betting that you will die earlier than average?


No.

But dying before average isn't what people fear when considering their start SS age. The concern isn't even to maximize your total lifetime income from SS. The concern is outliving your money. I'm sure it REALLY SUCKS to have to learn to like the taste of Alpo at 90.

To be real blunt, I think it's stupid to voluntarily be dependant on SS for a significant part of your retirement income. Note that I said "voluntarily" -- I'll grant that many people just didn't have enough income to put away anything for retirement. And others realized too late that they should put money away and ran out of time.

I'm largely of the opinion that *if* you have the resources to survive comfortably in the 8 years between 62 and 70, then you don't need the higher SS income you'll get by waiting to 70. And why bother to optimize something that isn't necessary?
Spend that effort on optimizing and maximizing your non-SS portfolio.
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