You don't gotta go to work, work, work!! Social Security Strategies! 62, 67, 70. lets discuss

Water Cooler
#21

Look what class I’m in right now!!! The author of this book:

https://www.amazon.com/Social-Security-Strategies-Optimize-Retirement/dp/0615457533/ref=mp_s_a_1_1?ie=UTF8&qid=1528911218&sr=8-1&pi=AC_SX236_SY340_QL65&keywords=social+security+strategies+2018&dpPl=1&dpID=51IQFJRczDL&ref=plSrch

#22

i’ll just bump this. i read a new money article on retirement. and whoa and behold. they recommended a person to wait until full retirement age to receive full benefits as oppose to a 30% cut in monthly ss payments. they assumed that ss payments shouldnt be discounted, and that a person lives to 84 to prove their point. honestly if you have enough money in the bank. there really is no reason to wait until full retirement. anyawys i am targeting my paretns to have about 1m to 1.2m on retirement at age 62.

https://www.analystforum.com/forums/water-cooler/91372944 i also used the calculator brain posted and it seems there is 100 percent chance they will not die broke.

https://engaging-data.com/will-money-last-retire-early/?spend=50000&initsav=1000000&age=62&yrs=23&stockpct=80&bondpct=18&cashpct=2&sex=1&infl=1&taxrate=15&fees=0.3&income=18000&incstart=62&incend=85&expense=0&expstart=62&expend=85&showdeath=1&showlow=1&show2x=1&show5x=1&flexpct=0

also they are flexible. should their account dip. they can go to a cheaper state or cheaper country and cut their expense by 30% to 50%. i didnt incorporate it usign the flex toggle since i wanted to be conservative. anyways bottomline. dumb to wait for full retirement

#23

That engaging-data.com website is pretty interesting.

#24

im goin to bump this again. saw this vid. that confirmed my thots.


to sum if your discount rate is 0. then u breakeven around age 78.
if discount rate at 3% then age 82
if discount rate at 6^ then age 102.

Smart filipino man. i’m impressed. there are a lot of idiots who think it is more optimal to wait. basic ass betas.

Make sure that you don’t need no mentions
Yeah, these are my only intentions

#25

Didn’t watch the vid but I’m in the take early camp unless you simply don’t want/need the cash flow and fully expect to live healthy into your 90’s. Subtle differences up here in the north but the concept is essentially the same. Break even point is somewhere around 15 years, give or take. I’d take the money between 62-77 vs an increased pmt between 77-90 (or life expectancy).