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According to SS, you get 8% more for each year you wait after full retirement age. If your full retirement age is 66, at 67 you'll get 108 percent of the monthly benefit because you delayed 12 months. If you wait for 70, you'll get 132 percent.
Since we really don't need the money (I see no reason to change my/our lifestyle at this point), I figure that my wife and I might as well wait until 70. We might need it then...and 32% more is pretty significant. I am not sure how I would invest the money at this time if did take it (probably TBills at @5%). Might as well wait.
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo
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"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
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