|
My "Full Retirement" age is 66 years and 4 months....meaning no penalty on SSN payments if I continue to work, which I will. I start receiving SSN next month.
The math is really simple: 3 years and 8 months of SSN benefits at, let's pick a number, $3k a month: That equates to $132k before taxes - which is why I will soon be a SC resident since they do not tax SSN benefits - accrued by age 70.
You folks can do the monthly/yearly investment math if you don't need to use the benefit money every month and invest the entire sum, which is what I will do because I will work until at least age 70, god willing.
If I make it to 80, add another $360k at 3K a month, or a total of $492k before investments.
If I wait until 70, I gain another grand or so a month but I lose the 3 years and 8 months of income and investment opportunity and SSN stays solvent.
Now, that is not a lot of money per year but it can provide a very real safety net if you can go the investment route.
__________________
1996 FJ80.
|