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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (5815)	5/29/2018 12:42:21 PM
From: Qone0	1 Recommendation Recommended By Kirk © Respond to of 26385

Kirk, IMO health has nothing to do with when people decide to take it. Financial condition is the determining factor. The amount of money paid is calculated to average life span. "As a general rule, early or late retirement will give you about the same total Social Security benefits over your lifetime. If you retire early, the monthly benefit amounts will be smaller to take into account the longer period you will receive them. If you retire late, you will get benefits for a shorter period of time but the monthly amounts will be larger to make up for the months when you did not receive anything." If one is dependent on the larger payment at 70 for financial stability, that person will wait. If one is not dependent on the payment that person will lean to taking it as early as possible. That is where I'm at. I simply want my money back. <g>

To: Kirk © who wrote (5815)	5/29/2018 12:43:56 PM
From: robert b furman	1 Recommendation Recommended By Kirk © Read Replies (1) \| Respond to of 26385

Hi Kirk, I'm not that surprised. Everyone's situation is different. Having that much flexibility is good for all - the system fits what everyone wants for themselves = GREAT SYSTEM!! Bob

To: Kirk © who wrote (5815)	5/29/2018 12:44:32 PM
From: Jerome	1 Recommendation Recommended By Kirk © Read Replies (1) \| Respond to of 26385

Hi Kirk,...… It could be that the selection of SS at age 62 or 70 is dependent on a persons financial status at the time of the decision. With a healthy company pension, postponement would be a consideration. But with benefit increasing by 8% for each delayed year...….a retired investor would be tempted to beat that return. And if you took the lesser amount earlier (and saved it)... you could have a nice lump of cash available at any time .