On Mon, 21 Mar 2005 01:32:14 GMT, "Don White"
wrote:


"Calif Bill" wrote in message
news:iFn%d.17032
Do not know. Suzi Ormand said 73 years old when the full age was 65.
When
I was down seeing about getting SS when I shortly turn 62, I commented
about
the Suzo O. comment. The SS agent said it is now 80 years.
Bill

We have the opportunity to take a reduced Canada Pension Plan at 60.....or
wait for the full amount at 65.
When I retired just over a year ago at 54, our Human Resources person said
most of our pensioners did take the pension at 60. I believe the breakeven
date was 76. If you live longer than that you gradually start to
lose..unless you've invested that money in something that pays well.


That's why I think the expected interest rate makes a difference. I think the
calculations are basically the annuity calculations where the final amount is
determined by the interest rate for a given number of payments.

I'll get off the lazy horse and go look it up.

Thanks for the info all!

--
John H

"All decisions are the result of binary thinking."