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Reply to "Social Security at 70 worth it?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Break even age is like 80 if you take it at 62 and 82, if you take it at 67. You only make out better if you live longer than 80, which isn’t guaranteed. [/quote] It's not only about breaking even. It's the insurance aspect of having the highest possible inflation-adjusted annuity for the rest of the survivor's life. If a male and female couple are both 62, there's a 59.3% chance one of them will live past 90.[/quote] I thought there a limit of income if you start at 62.[/quote]
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