% of bankroll to put in the stock market

[BoSox]

"Originally Posted by Bigdaddy
My conclusion is (contrary to popular opinion) that it is probably best in most cases to take at age 66. You can decide for yourself."


Three replied with:
"I helped my uncle with this decision a while back and came to the same conclusion. When I pointed out he could park the money he would defer and earn a return on it he saw the decision wasn't even close. In the very unlikely event that he lived long enough to start accruing a tiny bit extra he would likely not be able to do anything with it anyway."


Further down Moses wrote:

"Unless you are telling me you can take it with you. Acquiring assets is one thing. Enjoying them is quite another. i have to admit being far better at the former than the latter. But Im working on it. "


I put a few bad jokes in the thread, but when all was said and done I decided to take the advice of you three brilliant mathematical minds, and take Social Security at full pay, without the bonus. Thank you all, the subject came up at the perfect time for me.

[refinery]

"Originally Posted by Bigdaddy
My conclusion is (contrary to popular opinion) that it is probably best in most cases to take at age 66. You can decide for yourself."


Three replied with:
"I helped my uncle with this decision a while back and came to the same conclusion. When I pointed out he could park the money he would defer and earn a return on it he saw the decision wasn't even close. In the very unlikely event that he lived long enough to start accruing a tiny bit extra he would likely not be able to do anything with it anyway."


Further down Moses wrote:

"Unless you are telling me you can take it with you. Acquiring assets is one thing. Enjoying them is quite another. i have to admit being far better at the former than the latter. But Im working on it. "


I put a few bad jokes in the thread, but when all was said and done I decided to take the advice of you three brilliant mathematical minds, and take Social Security at full pay, without the bonus. Thank you all, the subject came up at the perfect time for me.

I'll be filing this away as a decision I don't have to think much about. Thanks.

[tomf23]

Wondering why all the discussion revolves around age 65 when, in fact, everyone faces the decision at age 62 as to whether or not to defer, and you receive the 100% value of your payout at age 66. Then, you earn the bonus to age 70.

There are many more complications with husband and wife. And, of course, the discussion did not assume any return on the funds taken early, which is also a consideration.

Don

isn't saying 66 is the full amount and 70 is the bonus amount just semantics with age 70 being the real full amount?

[DSchles]

isn't saying 66 is the full amount and 70 is the bonus amount just semantics with age 70 being the real full amount?

You can say that, but it isn't the way it is explained or defined by the SSA. 66 is the full pay. 62, you take a haircut. 67-70, you get a bonus for waiting. Not my language.

Don

[BoSox]

Just to have a little fun here:

You are deciding you can do without the money for the first 5 years if you defer.

True this option is a real gamble where you could very well kick the bucket without having received a single dime, or very little if you lived only to slightly above seventy. Remember you decided you can do this because at the time you did not need the money. In exchange you will be compensated 32% "of course if you live to see it" more if you defer, when you may actually need it.

If you are right you can take the payments and invest the money in a tax free bond fund that gets around 4% return per year for 13 to 18 years depending on what month you got the payment. Considering the growth on the money by the deferral date you have over $130K sitting there earning 4% per year which is over $5K+ per year. There is 13 years left and the $5K+/year is more than half of the $9600 you gain per year if you defer so the break even point would actually be at least another 13 years. The odds of you living to the new break even point of 97 are:

Tthree, technically speaking, if one was to follow your plan and retire early and invest the Social Security money for 13 to 18 years having saved slightly over $ 130 k extra in their bond savings, could this not also be considered a real gamble or deferral? Because you also have not actually spent a dime yet , but have saved a little more for your blood thirsty heirs to find more reasons to get rid of you. Most likely the extra $130 k will not all be there anyway since you most likely gave some to the blood thirsty relatives who pretended you were their best friend.

[Freightman]

Soo. You wait to get it until the time you got it you may not know (or care) if you ever got it? Get it? Good!

Pretty much sums it up.

[BoSox]

I plan to take my benefits the day Im eligible. 1.) It is not in my nature to leave money on the table. 2.) I don't "know" how long I'm going to live. 3.) What difference does it make if the cheese starts to fall off your cracker?

Just about what I expected from you Moses, you most likely take even money on your $10 blackjacks.