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(1) When to start collecting when you've already retired.

But also...
(2) Whether to reboot after a year, paying back the first year's benefit.

(3) Whether to complexify things by one of us collecting immediately and the other delaying (I note that we are very close in age, 5 months apart, and that my benefit is 70% of his if we start collecting at the same time).

If we both start collecting SS as soon as the paychecks stop, we won't hit our assets hard each month until we're making up for years of insufficient COLAs in SS and the pensions.

OR, we could delay SS a few months till DH reaches 64 & I reach 63 1/2, providing about another hundred bucks/month by my calcs (need to verify amounts with SS), but requiring us to fund almost all income needs out of savings for the first few months of 2013. Which we could do.

OR, we could both delay SS longer, but I'm a bit uncomfotable with that on several levels...the possibility of Congress changing the SS benefit formula for anyone who hasn't staring collecting yet, not just those under 55...depleting savings more rapidly when we don't have LTCI (and doubt we could qualify for it now, with DH's micro-strokes--but that's the subject of another question!), or make ourselves too poor to afford a CCRC should that look sensible down the road.

And reboot a year later (or not), whether we start SS immediately or delay 3 months (or longer).

OR, one of us could start collecting before the other. (Our full retirement age is exactly 66.)

Note that we will get a slight raise in income at age 65 when DH's small private pension kicks in, and a big raise at age 70 when RMDs kick in.

I'm willing to provide the numbers if you need them to help me figure this out.

I'm hoping to hear from you numbers dudes! My number comfort consists mostly of being able to make a simple equation whenever possible: X over Y = A over B. But that doesn't solve everything ;-)

[also posted at RELE, as was my previous query.]
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