Posted by Geo-TH,In on April 29, 2015 at 04:38:05 from (184.16.145.245):
In Reply to: Re: Social Security posted by Pair-a-dice farm on April 28, 2015 at 19:15:23:
Pair-a-dice farm, If you do the math, the increase you get is 8% per year for delaying. Yes, age 78-80 is the break even piont, reguardless when you retire. After that you loose taking early retirement. So, it's a gamble. Die before 80 and you have more money in your casket. Live past 80 and you may find yourself living in the poor house like my older brother.
What sounds like a lot of money today, just wait inflation will eat it up.
For me, I have more retirement money, than when I worked. And I pay more taxes, retired, than when I worked. Including taxes on my SS. It doesn't seem right. I paid SS tax, and now I pay taxes again on drawing SS.
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