I started taking my SS when I hit full retirement age, in my case 65 and 10 months, which I do not regret doing. A financially very conservative friend of mine waited until age 70. As I do not need the income I put it into the stock market. My thought was and still is that if congress needs the money they will reduce or eliminate SS payments or tax away SS to recipients having over a certain level of income. Given the pandemic IMHO this could happen sooner rather than later...
People are risk averse in different ways. I still have a fixed rate mortgage on my house but it is in lieu of a mortgage I would need on a rental property which would of course come at a higher interest rate.
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"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
Last edited by manaboutown; 12-24-2020 at 10:45 AM.
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