Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Taking social security at 62? "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]There are only a couple of reasons to wait, namely that you’re still working or SS will be your only or primary retirement income. If you have a lot of money, it makes sense to take SS as early as possible for several reasons: 1) you can invest it at a higher rate (and you can always buy a longevity annuity with the appreciated assets); 2) you don’t know how long you’ll live, so you might as well get it while you can; 3) differences in spousal amounts don’t matter much for wealthy couples because their other investments overwhelm the difference; 4) SS income might impact decisions about transfers from traditional IRA to Roth, but unless both spouses start SS at the same time, SS income is too small to matter much tax wise. Basically, if you’re poor or still working, wait; if you’re rich take it ASAP. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
