Quote:
Originally Posted by bandsdavis
Richie, I did exactly the same calculation and made the same decision. For me it was age 78 where the "breakeven point" came.
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Ditto for me. I'm going through it now at age 64 since I was just laid off at a university but able to retire at the same time.
https://www.youtube.com/watch?v=h3chFhCP5mQ
At about age 78, whether you start at 62 or 70, will collect about the same total AMOUNT. After that age is where the totals change. If you're going to live forever then wait until 70 to start collecting. If you think you'll make it to 78 or less then start earlier. How active will you be after 78? How much more will you be able to spend? Then there are those like Herv's business partner who just died before age 60 or my first cousin who died last year at age 61 and will not see any. A good crystal ball sure helps!
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