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Delaying Social Security benefits until age 70.. Now I intend to start benefits next

#31
Totally agree, I also was planning to wait till 70 and enjoy the 8% year to year growth.  But my model (like yours) shows that 66 (FRA) is the least risky of any of the other situations and  what works out best for me and my spouse.
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#32
My wife and I started at 66....I did the math and it took us 12 years to break even if we started at age 70......not a good bet as far as we were concerned!
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#33
I have a good chance to live into the 90's as three grandparents made it. But I will take SS at 62 regardless, those first 4 years is money

you won't get, at the end of your life. If I don't have enough assets and retirement income at age 62, than maybe we should keep working and draw later.
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#34
Since my husband and I are grandfathered under the rules in place before the 2015 budget act, he has already filed and suspended at age 66 to enable me to collect a spousal benefit based on her record. Meanwhile, both of us will continue to benefit from the 8% per year age related increase between age 66 and age 70 for our individual benefits, at which point he will collect a benefit 32% higher than he could have collected at age 66 but didn't because he filed and suspended, and I will be able to collect a benefit 32% higher than the personal benefit I would have been entitled to at age 66, which will be more than twice as much as my spousal benefit.

This strategy is no longer available because of changes in the 2015 budget act.
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