Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
I retired at 51!
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Babagounj" data-source="post: 5393662" data-attributes="member: 12952"><p>Bad idea to take SS at 62.</p><p>You lose 1/3 of your amount if you waited until FRA. { Full Retirement Age }</p><p>Once taken out your amount is fixed for life. { Only option to increase it is to repay all funds back to SS within one year after starting to collect }</p><p>I'm waiting until I hit 70 to collect. { I'll be getting around $900+ extra a month, over FRA }</p><p>I'm getting by from just the pension and taking out around $20,000/year from the 401K to have some extra spending money for the year.</p><p></p><p>If you are someone who follows the breakeven charts { taking at 62 vs waiting to age 70 } then you are very mistaken. </p><p>SS isn't an investment, it's insurance that you will be receiving, no matter what.</p><p>And it would be wise to treat it as such.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 5393662, member: 12952"] Bad idea to take SS at 62. You lose 1/3 of your amount if you waited until FRA. { Full Retirement Age } Once taken out your amount is fixed for life. { Only option to increase it is to repay all funds back to SS within one year after starting to collect } I'm waiting until I hit 70 to collect. { I'll be getting around $900+ extra a month, over FRA } I'm getting by from just the pension and taking out around $20,000/year from the 401K to have some extra spending money for the year. If you are someone who follows the breakeven charts { taking at 62 vs waiting to age 70 } then you are very mistaken. SS isn't an investment, it's insurance that you will be receiving, no matter what. And it would be wise to treat it as such. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
I retired at 51!
Top