Taking SS early (62)

[nm.otter]

We would have stuck with them if they had gotten the long-promised HDHP qualification that congress never quite got around to.

 

[RyanT26]

Not specifically Social Security, but retirement related. If you pension/company retirement has a lump sum payout option (10-50%) does it ever make sense to take it?

Take a 10% payout and payoff what is left on the house or just take the max monthly benefit?

 

[SDHNTR]

Not specifically Social Security, but retirement related. If you pension/company retirement has a lump sum payout option (10-50%) does it ever make sense to take it?

Take a 10% payout and payoff what is left on the house or just take the max monthly benefit?

Don’t guess. Don’t feel. Answer the questions with math.

 

[JustABritCrazy]

I had the option to pull my money out of the pension system or leave it in at a guaranteed 4%. Leaving it in would give me a higher monthly payout. Pulled it out and gave to the financial guy to manage. It’s been making me 6% for 4 years now. I haven’t touched it yet.

 

[Southpaw1331]

I will turn 63 tomorrow and will probably sign up for SS after the first of the year. I was curious if many people supplement their retirement income with dividend stocks. I have been moving my portfolio to income type assets the last five years or so. Mainly dividend ETFs, REITs, consumer staples, utilities and oil and gas.

 

[49ereric]

I had the option to pull my money out of the pension system or leave it in at a guaranteed 4%. Leaving it in would give me a higher monthly payout. Pulled it out and gave to the financial guy to manage. It’s been making me 6% for 4 years now. I haven’t touched it yet.

Bull market can make you better returns until the bear comes around.