Quote:
Originally Posted by on2wheels52
I'm taking that 8% interest; I wish the rest of our investments did that every year.
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A lot of folk’s strategy is to start taking their wife’s at 62 if she has her own (based on her work) but made a bit less...but waiting for the husbands to grow. Since women typically live longer, when you die, she gets your higher amount instead of hers. But you still get her’s sooner to spend. Sorta like an insurance policy.
The only reason I personally would not wait is I expect some sort of income test to be enacted before I am 70 (and my retirement income will be significant)..I can take the money now and invest it and probably get better than 8%. Just an S&P Index fund has historically returned more than that over that period (almost 10 years).
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