Baz yes I followed that thread and like a " what's the best oil thread " it made my head explode
There is no single right or wrong answer as everyone's situation is different and unique . That's why I asked Bob the question I did . His answer will be just another data point for me .
I will state the obvious here but we all have to make that decision with one HUGE data point missing............ how long will we live ? Speaking for myself I retired at 59 and I'm now 60 . I am generally very healthy but was diagnosed in 2015 with prostate cancer . Happy to report that issue has been solved but I could wake up dead tomorrow
. It is that possibility that makes people pull the trigger early on the SS benefits in my opinion . Again just speaking for myself I worked pretty much full time from age 15 to 60 . I don't like the idea of paying into the system for 45 years and not getting out the most I can .
So do I start at 62 live to 80 and get 18 years of payments ? Or wait to 65 ( as an example ) live to 80 and draw 15 years of payments but at a higher dollar value per month ? My wife and I are both retired and both have pensions so that is what we are currently living on . We built up a nice nest egg and have a financial advisor helping us manage the investments . So far we have not had to touch any of our investments but we are paying 1000.00 per month for crappy health care insurance
. Everything we own is paid for so we are in a good position . Our financial analyst is very strongly suggesting holding off on the SS and he's probably right . Sorry for the long answer and good luck to any/all that make their decisions on when to draw .