close
    What is the break even age for taking early social security?

    If I wait until age 67 to retire, at what age does my income break even if I had retired at 62?

    0  Views: 624 Answers: 1 Posted: 13 years ago

    1 Answer

    I'm not sure because it would depend on the amount you would receive, but I do know it would be quite a few years. I suggest a meeting with your local SS office as they would be able to tell you.
    You would have a certain maximum amount you could earn from working until you reach 67, so if you have a job that you don't "hate", I'd suggest waiting as long as possible.
    One problem we retired people have is "how long do we need to plan our finances for"...
    itsmee

    My husband is always researching. He says "90 to 95"
    I don't want to live that long but I sure don't know what I could do about it if I did. Do you?
    According to our finances he can live to be 86. (in the present economy. this is with 2% inflation.)
    It probably will be 3 1/2 and that means he'd run out of money sooner.
    We got hit very hard by the stock market. 9/05/11
    We are going through so much worry right now. I'm a mess.
    itsmee

    Flip ~~ Please tell me if I gave you a thumb down. There was some confusion. If there's a thumb down, I will fix it.
    Flip

    @itsme: I don't think you gave me a thumb down, but even if you did don't worry about it because I know you wouldn't do it on purpose.
    As for our savings being used up before "checking out", there is nothing we can do about it. I just keep thinking there's a lot I would do before I die if I knew it was just going to be left to my heirs :o).


    Related Questions In This Category
    EE88 – SAN CHOI CA CUOC UY TIN HANG DAU HIEN NAY
    Answers: 0 | Views: 14 | Rating: 0 | Posted: 2 days ago

    Top contributors in Business & Finance category

     
    ROMOS
    Answers: 97 / Questions: 0
    Karma: 4305
     
    Colleen
    Answers: 215 / Questions: 0
    Karma: 4020
     
    Benthere
    Answers: 1 / Questions: 0
    Karma: 1905
     
    Ducky
    Answers: 35 / Questions: 0
    Karma: 1890
    > Top contributors chart

    Unanswered Questions

    789winpr
    Answers: 0 Views: 5 Rating: 0
    SON 88
    Answers: 0 Views: 6 Rating: 0
    Socolive 15 live
    Answers: 0 Views: 7 Rating: 0
    Nohu90
    Answers: 0 Views: 6 Rating: 0
    ck88dev
    Answers: 0 Views: 8 Rating: 0
    SS777 - Official Bookmaker for Filippinos
    Answers: 0 Views: 10 Rating: 0
    BIG CLUB
    Answers: 0 Views: 9 Rating: 0
    > More questions...
    482455
    questions
    724001
    answers
    811003
    users