Mark :verified: on Nostr: npub1l9qgh…pez0u Well - a simple example is when you take Social Security benefits. ...
npub1l9qghernyxp9st0wgx47x2ym0prjdgkwv22q7s692y6k6hgejmvsvpez0u (npub1l9q…ez0u)
Well - a simple example is when you take Social Security benefits. Taking them early (like 62) means less $$ / month over your life. Taking them at 70 means more $$ / month.
This has the numbers for someone born in 1960
https://www.schwab.com/learn/story/guide-on-taking-social-security
The break even age is roughly 80. At 65, the average male lives to 84 - so it's worth it to wait.
That of course - IF you know all this stuff.
If you get really sick - you can also retroactively apply for 12 months of payments too.
Well - a simple example is when you take Social Security benefits. Taking them early (like 62) means less $$ / month over your life. Taking them at 70 means more $$ / month.
This has the numbers for someone born in 1960
https://www.schwab.com/learn/story/guide-on-taking-social-security
The break even age is roughly 80. At 65, the average male lives to 84 - so it's worth it to wait.
That of course - IF you know all this stuff.
If you get really sick - you can also retroactively apply for 12 months of payments too.