Thurs 3/23 Update 5:25 pm I’m learning a lot about myself this week from tracking my meals. Since The Boss is away my meals and eating habits are totally my own. I don’t have to think about, shop for, plan or cook with someone else’s preferences in mind. I like not having regularly scheduled meals. […]
Sarah Whiteside ’24 An iPod. Then an iPhone. Then an iPad. Then a laptop. It never ends. We eagerly await the newest technology release as if we are not satisfied with a fully capable and working phone. We strive for more. We equate technology with power, and power with success. We rarely stop to ponder […] […]
Weds 3/22 The Anti-Bunko meeting last night was a rousing success. Seven showed up and five of us ordered zero sides. Two ordered tots with their burgers. I guess it takes some people a longer time to learn why their jeans no longer fit. I’m not sure if it was last night’s burger or busyness […]
Retrain yourself to recognize feelings of hunger and respect them. Eat when you feel them and stop when they stop. Don’t eat when you’re not hungry. This approach starts with eating breakfast, planning snacks, or eating only part of your lunch and saving the rest for a snack later on in the afternoon. Eat regular […]
Are healthy habits worth cultivating? One recent study and a previous similar study suggest healthy habits may help people tack on years of life and sidestep serious illnesses, such as diabetes and cancer. Researchers from the Harvard T.H. Chan School of Public Health found that five low-risk lifestyle habits are critical for a longer life expectancy. The more of […] […]
6 thoughts on “Wait Till 70 for Social Security? Nope”
I took it at age 62. I didn’t know if I would live to age 70.
I’ll be 67 this year and don’t know if I’ll live to 70 but am deferring SS anyway. I’m playing Beat the Actuaries.
I did live to be 70. But I’m still glad I took the Social Security at age 62. I invested 100% of what I’ve been paid, so hopefully the growth over the past eight years will have put a dent in the overall loss for having a lower payments. There’s probably a way to calculate this, but it’s above my pay grade.
In theory when the system was designed it should not matter if you retired early or later as the total benefits paid would be the same based on actuarial science. But then I found this:
“A study by the Center for Retirement Research at Boston College found that the delayed credit is still about right, with the exception of the highest earners, who tend to outlive actuarial averages and reap the highest extra benefit.”
I don’t know what that means. Is it better for high earners to take Social Security early or late?
Based on averages using large number it doesn’t matter. But if you are a high earner and in good health the Boston College study showed that it pays to claim SS benefits later.