Quote:
Originally Posted by ureout
MAXIXUM PAYOUT? wow if everyone used your plan SS would never run out.....the majoritry of people will pass away before even breaking even with your plan. plus the fact that waiting until 70 means 8 more years of figuring out how to supplement your income without SS.....sit down figure it out then take the $$$$$ and run.
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You have an interesting concept of math.
Life Expectancy at age 62 for a man is age 81.4 (19.4 years), for a woman age 84.3 (22.3 years). Half will make it that far, half won't. For the AVERAGE person, the choice to start receiving retirement benefits early will ultimately mean receiving a smaller total lifetime benefit.