Talk of The Villages Florida - View Single Post - Social Seurity Redo?
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Old 11-02-2010, 12:04 PM
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rjm1cc rjm1cc is offline
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The theory behind the SS monthly payment is that you are paid the same total amount over the period of time you collect. You example shows this.
Another way to look at this is that if you were going to purchase an annuity to increase your monthly income, repaying social security and taking an increased monthly benefit will be the cheapest annuity you can get and it is inflation adjusted to boot.
If you can aford it and do not care whant happens if you die early the pay back should be a good deal for you. A little easier is just not taking your benefits until you are 70. However depending on your spouces work history you may want to do a file and suspend. By the way my guess is that the spouce with the lower earnings should probably files as early as possible if their spousal benefit will be higher than their own benefit. This can be a complicated decision so you might want to get some professional help with the numbers.