Delaying Social Security when retiring early

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  • Avatar Peds 
    Status: Physician
    Posts: 3618
    Joined: 01/08/2016
    Splash Refinancing Bonus

    Yes. Good intro material.

    #197366 Reply
    Liked by StateOfMyHead
    Avatar Larry Ragman 
    Status: Other Professional
    Posts: 490
    Joined: 08/30/2018


    definitely use Mike Pipers calc:


    the point isnt to pick the most perfect scenario. its to avoid the really bad ones.

    Click to expand…

    I like it. Is the book any good?

    Click to expand…

    Yes, but it is more of an overview.

    #197425 Reply
    Liked by StateOfMyHead
    Avatar StarTrekDoc 
    Status: Physician
    Posts: 1720
    Joined: 01/15/2017

    Phrase the issue this way to your parents. There’s a penalty on starting early at 62 and not waiting until 66.

    The scenario posed is whether they have sufficient funds to carry then to 66 or onwards toward 70 without endangering their emergency funds.

    Given the penalty is quite severe, it is best to pull funds to float until absolutely ss is needed given the longevity is anticipated

    #197451 Reply
    Liked by Tim, StateOfMyHead
    Joshua 1 Joshua 1 
    Status: Other Professional, Retired
    Posts: 6
    Joined: 02/24/2019

    Take a listen to the recent Boglehead podcast with Mr.Piper. It is very informative.

    #197647 Reply
    Liked by StateOfMyHead
    Craigy Craigy 
    Status: Spouse
    Posts: 1868
    Joined: 09/16/2016

    If they are going to live a long time/forever, they should wait until 70.

    Actuarialy it is scheduled such that someone taking benefits at 62 takes about the same money out as someone at 66 or at 70, in total.

    Depending on exactly how they worked during those 15 years I’d check to be sure they have all credits to make them eligible.

    Like Tim said above, they can go make a login at and it’ll spell out all of their personalized data so they can make the best decision for themselves.


    #198171 Reply

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