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Reply to "Social Security at 70 worth it?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As for me, I am taking immediately. I will use it for spend ($4K a month covers a lot of fixed costs) and continue to let my retirement savings build wealth.[/quote] 4k at 62? [/quote] My income was around 50k/yr to 100K/yr from 1990 until 2000, 120K/yr to 200K/yr from 2001 until 2010, 400K from 2011 until now at the age of 58. According to SSA, my benefits would be $2753/month at the age of 62, $4019/month at the at age of 67, and $5015/month. [/quote] Do you have any tax advantaged accounts with high balances? If so, RMDs are coming for ya. [/quote]
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