I'm sure this will devolve into a political shvtshow, but curious what the rich folks on here are thinking in terms of what age to take Social Security. For the sake of exercise, let's assume a) SS still exists and b) the ages haven't changed. If all goes well, hopefully none of us needs it, but I also paid into it for 45-50 years and don't view myself as a charitable organization to the Feds.
I can see both sides of the issue, taking it early if you think you're gonna croak early or putting it off to potentially get a larger payout. It's a bit of an actuarial gamble, so I'm kinda curious what folks are thinking. Basically if you take it at 62 (earliest) vs. 70 the math says that the lines intersect at around 79 years old.
Thoughts?
I can see both sides of the issue, taking it early if you think you're gonna croak early or putting it off to potentially get a larger payout. It's a bit of an actuarial gamble, so I'm kinda curious what folks are thinking. Basically if you take it at 62 (earliest) vs. 70 the math says that the lines intersect at around 79 years old.
Thoughts?
