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path1's avatar
path1
Explorer
Sep 24, 2014

Social Security question/ help please if you know

I’ve been reading articles when I see them about drawing social security early and 99.9% say drawing early is not recommended and a bad decision. The people that write these articles I bet have mor...
RV Lifestyle
steveh27's avatar
steveh27
Explorer
Sep 25, 2014
I was a financial planner and have an annual cash flow plan out to age 95 as a precaution. It has built in inflation estimates, etc. Ignoring the compounding effect gives a younger breakeven point.

I retired at 49 and did not need to take SS early, but using my plan and only changing when I took SS gave me a BE of age 87. EVen if I lived to 95 the 'lost' money is a small fraction of savings. So I took it early.

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