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When Will You Retire?
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<blockquote data-quote="Meat" data-source="post: 2581293" data-attributes="member: 61324"><p>Something to consider: you could take an appropriately .30 reduction at 62, which, let's assume, would be around $1680 per month (1680*12*5 = 100,800). If you wait until 67 you will receive approximately $2400, or $720 more per month - 100,800/729 = 140/12 = 11.6 (more-or-less). This means you will have to live past the average life expectancy to come out ahead by waiting. Of course,if your working past age 62 this changes things, but you get the idea.</p></blockquote><p></p>
[QUOTE="Meat, post: 2581293, member: 61324"] Something to consider: you could take an appropriately .30 reduction at 62, which, let's assume, would be around $1680 per month (1680*12*5 = 100,800). If you wait until 67 you will receive approximately $2400, or $720 more per month - 100,800/729 = 140/12 = 11.6 (more-or-less). This means you will have to live past the average life expectancy to come out ahead by waiting. Of course,if your working past age 62 this changes things, but you get the idea. [/QUOTE]
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