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Rayvt writes,

Most of the people who got all excited about it were focussed on the fact that you could pay the money back without interest and keep any earning you'd made in the meanwhile. While this was true, it was also kinda dumb---because you re-exposed yourself to mortality risk. They looked at the benefits but ignored the risks.


How does it "re-exposed yourself to mortality risk"?

My analysis showed that it actually gave the retiree a second bite at the apple with regard to mortality risk.

If you wait until age 70 to collect SS (the advice of many financial planners to their wealthy clients), you could come down with cancer by age 69 and be dead by age 70. On the other, had if you take SS at age 62 with the plan to do the Withdrawal of Application at age 70, you can reevaluate that decision at age 69 when you get the cancer, and not do the Withdrawal of Application -- collecting 8 years worth of SS instead of zero.

Of course , it's all a moot point now.

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