Anyone use one of those Social Security advisory services?

not everyone will have good longevity genes , not everyone will do well as an investor so each has it's own set of risks .

but i think we all get the point that one inherently is not automatically going to provide more income or a bigger balance over a retirement . to many times you see people think the bigger income will come from delaying ss but it is not inherently true . it is a question of more market risk or more longevity risk
 

As a retirement counselor once said, "tell me when you're going to die and I'll tell you the best financial decisions to make." ;) Most people will do what is comfortable to THEM; no one financial plan is best for everyone.
 
C'est Moi said:
As a retirement counselor once said, "tell me when you're going to die and I'll tell you the best financial decisions to make." ;) Most people will do what is comfortable to THEM; no one financial plan is best for everyone.
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another saying is those who delayed ss never lived to regret it .
 

mathjak107 said:
another saying is those who delayed ss never lived to regret it .
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LOL - I never heard that one but am going to borrow it now and then. :)

If I don't live long enough to beat the SS odds, I'm ok with that. I would rather have my money outlive me than the other way around. Higher SS at age 70 and beyond is part of that plan.
 
StarSong said:
LOL - I never heard that one but am going to borrow it now and then. :)

If I don't live long enough to beat the SS odds, I'm ok with that. I would rather have my money outlive me than the other way around. Higher SS at age 70 and beyond is part of that plan.
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i agree with you , not being a more aggressive investor makes the delayed ss a better deal .
 
mathjak107 said:
i agree with you , not being a more aggressive investor makes the delayed ss a better deal .
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according to research by michael kitces , even spending down assets to live while delaying that are in fixed income can take 20 years to get even not counting spousal not received and uncapped medicare increases .. he looked at using tips , which are at least inflation adjusted and break even was 20 years later .

so at 62 you need to live to 82 to see a break even and need to live longer to be able to say you have more money by delaying . that spending down of assets to delay always takes it's toll ..

some try to rationalize it and say they are living off a pension so they are not spending invested assets , but it is still the same thing because if they had the early ss it could be invested in either fixed income or equities so either way it is still taking it's toll .

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delaying is the best choice for most but the point is it is not a slam dunk when it comes to which allows you more money to spend and the bigger balance as most think . kitces's point is you can see the same return from delaying if you live long enough or your spouse does to get the same return as a balanced portfolio and the ss amounts to what is a gov't bond for that return . that is a great deal .

but it takes a certain bet on your longevity to make that happen . other wise early ss and investing will be the winner . so it goes back to what i keep saying . do you want to be more longevity dependent or more market dependent ?

that is what delaying comes down to . all things being equal being longevity dependent is the least volatile road to the same results but you need to live long enough
 
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