skipro3 wrote:
If I have a retirement IRA that already covers me, I still plan to draw my SS early. Reason; by spending my SS, I reserve my own account for any inheritance. My SS stops when I die. My IRA is handed down to my family. I think I'd rather spend the SS dollars first before spending my own savings.
That's a good point. If you are planning on providing for your next generation, then spending SS over your own $$ will help in that endeavor.
Another way I look at it is that if I wait to take SS and I die 2 years later, I'm handing over a lot of money to unknown entities. If I take SS early and save my own money, then when I die, I get to choose who gets the money I didn't spend.
