Beendare
"DADDY"
I talked to 3 buddies my age- 69- that are still not taking their SS.
OMG, do the numbers...there are a lot of good resources out there. I didn't take mine until 67 becuase I still make a a decent amount of money from 3 businesses and after 67 or 67 1/2 you can make as much as you want and you don't get penalized [Every age group has a different cutoff, check on yours]
My 2 friends thought they get penalized under 70- wrong, leaving money on the table.
My other buddy says he "Ran the numbers" and he makes more at 70 so it makes more sense to wait. Wrong- thats almost never a good idea. When you factor in drawing down savings, money lost to gains on that and other factors- take the money unless you still make a significant amount of money.
My 2 buddies just left appx $60k on the table .....
OMG, do the numbers...there are a lot of good resources out there. I didn't take mine until 67 becuase I still make a a decent amount of money from 3 businesses and after 67 or 67 1/2 you can make as much as you want and you don't get penalized [Every age group has a different cutoff, check on yours]
My 2 friends thought they get penalized under 70- wrong, leaving money on the table.
My other buddy says he "Ran the numbers" and he makes more at 70 so it makes more sense to wait. Wrong- thats almost never a good idea. When you factor in drawing down savings, money lost to gains on that and other factors- take the money unless you still make a significant amount of money.
My 2 buddies just left appx $60k on the table .....
