Revisions
Edited 19d ago by
gumby
@ovah said ↗Ugh, trying to figure out social security.Is it dumb to put off collecting it after you retire in order to get a bigger monthly payment?It doesn't seem to go up all that much. If you put it off a year to get $218 more per month, you LOSE 1 year of say $2800/month.So you lose almost $34000 to gain $218/month.It would take 13 years to make that back.Amiright???I've thought this before about people working forever to get a bigger pension. They'll never make back the pension money they could have had all those years they waited.No correct answer. Nobody knows how long you are going to live.Im going to take mine onkn the earlier side.
Rendered before/after
Before
Ugh, trying to figure out social security.Is it dumb to put off collecting it after you retire in order to get a bigger monthly payment?It doesn't seem to go up all that much. If you put it off a year to get $218 more per month, you LOSE 1 year of say $2800/month.So you lose almost $34000 to gain $218/month.It would take 13 years to make that back.Amiright???I've thought this before about people working forever to get a bigger pension. They'll never make back the pension money they could have had all those years they waited.
No correct answer.
Nobody knows how long you are going to live.
Im going to take mine kn the earlier side.
After
Ugh, trying to figure out social security.Is it dumb to put off collecting it after you retire in order to get a bigger monthly payment?It doesn't seem to go up all that much. If you put it off a year to get $218 more per month, you LOSE 1 year of say $2800/month.So you lose almost $34000 to gain $218/month.It would take 13 years to make that back.Amiright???I've thought this before about people working forever to get a bigger pension. They'll never make back the pension money they could have had all those years they waited.
No correct answer.
Nobody knows how long you are going to live.
Im going to take mine on the earlier side.