View Single Post
Jim Richards Jim Richards is offline
Bandwidth AbUser
 
Jim Richards's Avatar
 
Join Date: Nov 2001
Location: SoCal
Posts: 29,514
Quote:
Originally Posted by Moses View Post
By not drawing at age 62 you’ve already left more than $100,000 on the table. If you start drawing st age 70 it will take you about 14 years to break even. . The 8% erodes pretty rapidly with inflation as well.
Yep. Whether or not it makes sense to wait boils down to "just how long you expect to live." Also, the 8% adder, per year waited, erodes with inflation just as fast as the full retirement age (66 for me) amount. At least the inflation hit is slowed a bit by any COLAs that might be provided, not that that's a guaranteed thing.
__________________
Jim R.
Old 12-12-2018, 10:32 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #148 (permalink)