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Reply to "Taking social security at 62? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My dad did and ended up dying at 67. [/quote] But how long did wife live? My FIL waited till get max and died a year later. His wife is now 84 and is on his SS and because of that she has money. [/quote] DP. It made more sense for the previous generation than for ours. DH and I will have equivalent SS amounts. We’ll get each other’s 401ks in the event of death. [/quote] My block most of wives are SAHMs married to high earners a few years older. A lot did not work that long. The husbands are not a lot older but usually 2-5 years older. Kinda hard to retire early at 62 when you have a 57 years old wife and two kids in college and and one in HS. Also my friend in LA the land of second and third marriages some of wives are 10-30 years younger. The mans wife could live 30-40 years past him. Alec Baldwin is 71 and his wife is 41. They are married almost 13 years so she is fully entitled to his SS. Since he worked till max of 70 for benefits. It could be a huge amount. She also gets his 401ks and IRAs as spouse and given her age could be 50-55 years more growth. [/quote] Good point, but I suspect Alec Baldwin's family is not exactly banking on his SS to feed themselves..[/quote]
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