No. of Recommendations: 13
Rayvt continuing to amaze,

<<You keep saying that, but it's not true. Your challenges with arithmetic are still showing....
If you only want a $75,000 annuity, you'd start taking SS at about age 68 instead of 70. If you want a $50,000 annuity, start it about age 66.>>

This is silly.
I want a $100,000 annuity starting at age 60.
I want a $100,000 annuity starting at age 75.

The SSA looks at your account and draws a line on a graph, and says "You can pick any point on this line you want." You cannot pick just any spot you want, it has to be on the line that they give you.


If you want an annuity starting at age 60, there are two ways to do it.

1) Buy the annuity from a for-profit insurer at age 60, and pay a 15% to 20% premium for doing so.

2) Buy a 10-year fixed annuity from a private insurer for age 60-70, then save the 15% to 20% premium on age 70 on by delaying SS.

It looks like you're letting political ideology (i.e., "Social Security bad, private insurance, good) cloud your decision making. And it would be costing you $15,000 to $20,000 in this case. I find it hard to believe that someone could enjoy a long, successful career as an engineer and not follow the arithmetic.

Probably the worst example of that is Obamacare. How many Fox News viewers are leaving tens of thousands of dollars on the table in refundable tax subsidies because "Obamacare is bad, private insurance is good".

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