Comments on: EP 31: Your Questions Answered: Volume 5 https://clippingchains.com/2022/05/02/ep-31-questions-vol5/ Funding the Adventurous Life Mon, 02 May 2022 18:21:10 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Mr. Clipping Chains https://clippingchains.com/2022/05/02/ep-31-questions-vol5/#comment-2162 Mon, 02 May 2022 18:21:10 +0000 https://clippingchains.com/?p=8522#comment-2162 In reply to Chris.

Yeah, I assumed someone would jump on this. Thanks, Chris for this alternative and thoughtful take.

Ultimately the answer is complex and depends a lot on your expected longevity, which is impossible to know.

If someone is nearing a traditional retirement and has not saved and invested a ton of money (and they aren’t planning to live three more decades), I’m not sure the math will favor the early SS benefits.

Either way, ultimately I’m trying to get people to focus most on saving now, and then we can just be delightfully surprised at whatever SS benefits we receive!

]]> By: Chris https://clippingchains.com/2022/05/02/ep-31-questions-vol5/#comment-2161 Mon, 02 May 2022 17:59:19 +0000 https://clippingchains.com/?p=8522#comment-2161 I generally like your podcast / articles and almost always agree with everything you say. I would encourage you to do some math on the decision about weather you should not take social security at 62. My math makes the break even into my mid 80’s and that’s not even considering letting investments grow and compound since taking social security at 62 will allow that much more to remain in the market.

My analysis has been confirmed by others as well.
https://esimoney.com/a-deep-dive-analysis-of-when-to-take-social-security/
At the end of the day, I would rather a bird in the hand versus 2 in the bush.

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