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there is a whole lot more to #23 then what if i die . there are so many points that have been discussed here over and over as to why the smallest reason as to when to take ss is what if i die .
break even can be longer if you are spending down invested assets and giving up spousal benefits , but that still does not mean delaying may be the better choice .
#20 is not correct either . the gains range from 6.50% to 8.40% depending on age . The confusion arises from the fact that after one reaches age 66, their retirement benefits will increase by 8 percent of their age-66 benefit for each year one delays. But, this is a very different thing from an annual percentage increase.
Last edited by mathjak107; 07-08-2016 at 02:19 AM..
there is a whole lot more to #23 then what if i die . there are so many points that have been discussed here over and over as to why the smallest reason as to when to take ss is what if i die .
break even can be longer if you are spending down invested assets and giving up spousal benefits , but that still does not mean delaying may be the better choice .
#20 is not correct either . the gains range from 6.50% to 8.40% depending on age . The confusion arises from the fact that after one reaches age 66, their retirement benefits will increase by 8 percent of their age-66 benefit for each year one delays. But, this is a very different thing from an annual percentage increase.
"Breaking even" doesn't exist when it comes to social security because when you are dead you are dead and you lost. You lost big.
The only question that matters should be "what if I live?"
Re Medicare,
#44 should say 80%, not 20%, is "typically covered". https://www.medicare.gov/your-medica...at-glance.html
"After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services (including most doctor services while you're a hospital inpatient), outpatient therapy, and durable medical equipment."
"Breaking even" doesn't exist when it comes to social security because when you are dead you are dead and you lost. You lost big.
The only question that matters should be "what if I live?"
i always say the only question should be what if i live . dying is easy . supporting the rest of your life and your spouses with out the money running out or poor market sequences ruining you is the real issue
Last edited by mathjak107; 07-08-2016 at 01:17 PM..
Quite honestly I didn't find any of them particularly newsworthy as a retired Senior. The are way more interesting to people in the 40's and 50's who are not actually dealing with these things.
i always say the only question should be what if i live . dying is easy . supporting the rest of your life and your spouses with out the money running out or poor market sequences ruining you is the real issue
It's amazing how many people still have a 1950s or even 1930s notion of actuary tables.
Indeed, the bigger risk is living past 90 and dying very poor after subsisting for years.
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