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Strategies & Market Trends : Young and Older Folk Portfolio

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To: cajman1 who wrote (21481)	10/21/2025 7:48:04 AM
From: cemanuel	5 Recommendations Read Replies (1) of 21941

I'll share my thinking. I just became SS benefits-eligible last summer (2024). So far I have not taken it and there's a good chance I won't until 70. I am planning to assess each December and make a decision for the coming year based on a variety of factors. 1. Need - There is no need and never should be. So my calculations are entirely based on the best odds of receiving the most in benefits (while considering factors such as tax implications) before I die. 2. Impact to AGI. This is where SS benefits no longer being taxed by the Federal government may have a major impact. However my AGI for this year and next year will be averaged together to determine my Medicare premiums so I am trying to keep my income level under $103k/yr (figures are as of the end of 2024) to be at the minimum payment level 3. Roth Conversions. I have been doing aggressive Roth Conversions. Until this year to max out the 24% tax bracket. This year, if I can, to the $103k level. Taking SS, taxed as income, would reduce my ability to do this. Again, new tax code rules may change this. 4. Life expectancy. Last time I calculated it (end of 2024), if I would die at 80 or younger it would make sense to take SS early, at 81 is about break even, older and I should wait. Every male relative of mine in the prior generation died between 84 and 87 - it would make a very tight cluster on a graph. So I'll wait. Again, my 2026 benefits will be larger so I expect the break even age to rise, we'll see what the numbers say. So those are my thoughts and how I'm doing it.

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