Do we or don't we?
Short story, we bought a travel trailer and fell in love with a campground so much, we bought a park model, no note. 5 years later (right on my predicted schedule) we bought another travel trailer,...
Forum Discussion
timmac wrote:
X2
The S.S break even age is around 77-78 years of age, so if a person starts drawing at 62 and another starts at 67 they both will earn the same total amount by 77-78 years of age but the person drawing at 67 has to work 5 more years..
"the person drawing at 67 has to work 5 more years.. "
Why? There's no law that says you have to work until you start drawing SS. There's also no law that says you have to start drawing SS when you stop working. I'm 63. I stopped working 12 months ago. I'm living on what some people call "my savings". They haven't arrested me for that, yet.
You are correct that the breakeven age is around 77-78. If I die early and I leave money on the table, so what? (So far I'm in good health) I've also seen statistics that the sooner you retire, the longer you live. I can't explain that.
Steve
