What percent of your retirement assets would you go through so you could delay Social Security?

[Slade51]

I plan to take it at 66 FRA for me. I have many friends that take it at 62 ASAP.

I looked at these considerations -

If you can afford to wait, and actual rmoney is your goal, there are spreadsheets to calculate the cross over, probably between 78-82? Other posters can give more details on this than I.

If you can't afford to wait and need money now, your choice is limited.

10/20 years makes a big deal as what I can physically do. I'd rather enjoy the next 15 years doing activities like kayaking, traveling, dancing, cruises, running, hiking, bike riding, diving, swimming, etc. At 85 these choices would be limited, even if it gives me a larger check.

It's not a given that I will reach the magical crossover age.

[mathjak107]

so you are saying if you delay you are not retiring , because if you read what we all have been saying above you don't wait to take more .

if delaying is an option you just lay out the extra and catch up later when you cut your draw by up to 69% from your portfolio.

if you don't have the resources to do that then delaying makes little sense . it is silly to wait until 70 to spend more .

unless you have other income sources to carry you while delaying or your own portfolio there is little logic in delaying in my opinion ..