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Old 06-17-2019, 10:16 AM
 
71,520 posts, read 71,694,121 times
Reputation: 49105

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Quote:
Originally Posted by Rakin View Post
Really wish a Mod would create a sticky on this subject. It's discussed so much and the advice repeated often it's one of the main concerns and topics in this Forum.

Lot of good advice here that should not die but hang around for others to see. A sticky would might help cut down on Mathjak having to retype so often.
Actually I have been explaining the same thing over and over so much , I copy and paste a lot
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Old 06-17-2019, 10:51 AM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,555 posts, read 39,934,465 times
Reputation: 23683
Quote:
Originally Posted by mathjak107 View Post
Actually I have been explaining the same thing over and over so much , I copy and paste a lot
C-D would benefit from a 'data-base' / sticky with reference topics and charts / links (Would save a lot of typing and searching.) but.... website like to log higher "User-time-on-site" ("Stickiness of users" adds value to site)

Probably gonna draw at FRA, tho had planned a Start (63)-Stop(66.5)-Start(70) until SSA advised me my future payments would ALWAYS be reduced to the original Start date %.

in the mean-time...
pre-age 65) living off 'taxed' accts while qualifying for ACA, (65) Must remain under $65,840 MAGI
(65 - 66.5) Taxable T-ira (reducing T-ira later RMD obligations)
65 - 70 - doing more Roth rolls (to 12% tax rate)
70+ RMD's and Tira and LTCG > 12% tax rate) Use Roths for special needs (travel (roofs) and transportation)
80+ Transfer RE (sell on contract or liquidate) to income producing accts
90+ (unlikely to live that long) ROTHS / appreciated assets
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Old 06-17-2019, 07:13 PM
 
Location: USA
1,046 posts, read 362,084 times
Reputation: 874
Op

1. You can at 62 just a lesser amount. One could opine you could collect more if you waited but then you would also need to know your expiration date in advance to make an accurate calculation

2. You cannot collect Medicare until 65 so if you do not work past 62, you have to figure out where/how to pay medical if you plan at 62 is not available

3. If 2 is not an issue, go early unless you like work or your better half hates you being at home all the time
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Old 06-18-2019, 03:55 PM
 
Location: Connecticut
26,304 posts, read 42,279,413 times
Reputation: 7814
Thanks again everyone for the information. It’s been very helpful. Jay
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Old 06-18-2019, 04:02 PM
 
Location: Coastal Georgia
37,097 posts, read 45,613,761 times
Reputation: 61718
So, as I’ve said before, if you don’t need it before 70 1/2, don’t take it. If you are out of a job at between 62 and then, take it. This happened to both my husband and I. We do not have pensions, but just a nest egg that is invested.

We get by just fine, with just a draw for a car payment.
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Old 06-18-2019, 04:14 PM
 
Location: Rust'n in Tustin
2,191 posts, read 2,381,850 times
Reputation: 3881
I'll gladly pay you Tuesday, for a hamburger today
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