mathjak107
Well-known Member
- Location
- bayside ,queens , ny
It’s important that everyone understand there is no such thing as a best time to take ss for all .
in fact the reality is those that retire at 62 and want to delay or need to delay , may not even be able to safely delay if they need to use their own assets to live on .
so those that need the money the most are the same ones who may be putting themselves in danger by depleting to much of their own nest egg trying to delay .
a big factor can be spousal benefits when delaying , as a spouse may get thousands of dollars in a spousal benefit. ..yet they can’t get any of that until the higher earner files .
so the longer they delay the more they give up while delaying , and the harder it is to get a head .
also , when you are collecting , what you pay for Medicare is capped by the amount of the cola adjustment under the hold harmless provision .
they can’t raise you more than the cola .
if you delay you are uncapped And unprotected….while I was delaying and my wife was collecting I paid more for Medicare when I started on it.
there can be Medicare surcharges triggered by delaying with the bigger check and rmds .
there can be tax ramifications as well delaying .
so there is no way what is good for one person may be the same for all.
I would seriously have to question using an advisor who throws out canned advice as being good for all as to when to take ss
in fact the reality is those that retire at 62 and want to delay or need to delay , may not even be able to safely delay if they need to use their own assets to live on .
so those that need the money the most are the same ones who may be putting themselves in danger by depleting to much of their own nest egg trying to delay .
a big factor can be spousal benefits when delaying , as a spouse may get thousands of dollars in a spousal benefit. ..yet they can’t get any of that until the higher earner files .
so the longer they delay the more they give up while delaying , and the harder it is to get a head .
also , when you are collecting , what you pay for Medicare is capped by the amount of the cola adjustment under the hold harmless provision .
they can’t raise you more than the cola .
if you delay you are uncapped And unprotected….while I was delaying and my wife was collecting I paid more for Medicare when I started on it.
there can be Medicare surcharges triggered by delaying with the bigger check and rmds .
there can be tax ramifications as well delaying .
so there is no way what is good for one person may be the same for all.
I would seriously have to question using an advisor who throws out canned advice as being good for all as to when to take ss
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