Quote:
Originally Posted by Francie
I am wondering if it makes sense to utilize my investments when I retire at 62, then take SS when I turn 70 for the maximum payout, versus taking SS at 62 or 66.
I welcome any opinions.
|
Most of us have that same question. The problem is to begin a financial analysis is to know all your financial details and your life expectancy.
Can your investments at say 3% return provide enough money to provide you the income you will be foregoing? Do you know how much you need?
There are so many variables.
My advice is to find a good retirement simulator and feed in your data and start SS at different ages. Social security website will provide the info you need for your expected benefits for each age.
Good Luck.
By the way, the president of the US should not influence your decisions...