One nice thing about the Open Social Security web site which was mentioned is that once it tell you what it calculated to be the optimal starting date stragety then if you scroll down to the bottom of the web page it will also show you how much alternate starting dates would impact your lifetime expected value. For me that meant that if I started it at my full retirement age(66 and a few months) then the reduction would be about 2%.
There were other tax and investing issues which were more important to me so I started it at my full retirement age.
When looking at your SS retirement benefit keep in mind that the estimates that you get off the SS web site default to assume that you will keep working. If you expect to stop working earlier you can change the defaults to see what your expected benefit will be if your stop working earlier.
There were other tax and investing issues which were more important to me so I started it at my full retirement age.
When looking at your SS retirement benefit keep in mind that the estimates that you get off the SS web site default to assume that you will keep working. If you expect to stop working earlier you can change the defaults to see what your expected benefit will be if your stop working earlier.
Statistics: Posted by Watty — Thu Apr 18, 2024 4:15 pm — Replies 2 — Views 95
