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Califbill

wrote:
On Fri, 08 Aug 2014 00:00:31 -0500, Califbill
wrote:

H*a*r*r*o*l*d wrote:
On 8/7/2014 12:32 PM, wrote:
On Thu, 7 Aug 2014 10:45:06 -0400, BAR wrote:

Why wouldn't you start to collect your social security at 62? If you
don't spend it you should invest it. You never know when you are going
to die and do you really want the government holding onto your money for
an extra 4 years and 3 months?

The last time I saw someone run those numbers, the crossover age was
82-83. If you live longer than that, you were better off waiting.

That does not assume any return from investing the money tho. Most
people don't. I am saving mine but that is not the same as investing
it, considering what interest rates are. I originally called it my
"new boat fund" but I never bought the new boat.
I have saved up enough to buy the house next door tho. I am getting
ready to steal it on a tax deed sale if the mortgage company doesn't
move pretty fast.

When I ran the numbers several years ago, I factored in a 5% COL increase
and the crossover point was around 87. So I think your numbers are pretty
close, give or take a year or so. I'm with Bar. The sooner you get the
Govt. to start paying back your money, the better.

9 years ago, when I started collecting, the SS guy said the break even
point was 79. Maybe higher now. Different interest rates.

There are IBM guys who have all of this in a spread sheet and they can
fill in the blanks and run just about any scenario.
If I see it on the IBM retiree board I will post it here.

NCR is offering a cash buyout of our retirements. If your guys got spread
sheets on that also.

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