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Strategies & Market Trends : Young and Older Folk Portfolio
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cajman1
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Markbn
To: cajman1 who wrote (21481)10/20/2025 4:50:54 PM
From: sm1th3 Recommendations   of 21939
 
Care to share your decisions?
I'll share mine, but first a brief description of the website I linked to. It has an online "calculator" based on the book mentioned. You enter your earnings history, estimated future earnings and life expectancy. With that it runs a Monte-Carlo simulation and gives you optimum dates to maximize total lifetime SS benefits. You can run as many different scenarios as you want for 1 year subscription.

The key which I was not aware of is that for a married couple, when first dies, surviving spouse can take whichever is higher for the rest of their life.

My lifetime earnings were more than double my wife's. I worked (self employed) full time until 64, then decreasing part time until 68. We had no need to take it early. With our unbalanced earnings, almost any scenario was maxed if I waited until 70, and it made almost no difference when she started. She started as soon as I ran the analysis, and I waited until 70. We are both over 70 now.
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