"JimH" wrote in message
...

"John H" wrote in message
...
On Sun, 20 Mar 2005 09:19:21 -0500, "JimH" wrote:


"Short Wave Sportfishing" wrote in message
. ..
On Sat, 19 Mar 2005 15:51:38 -0500, "JimH" wrote:

Today is my birthday.

Many returns. Happy Birthday.

Later,

Tom

Thanks Tom. It was a great day.


Yup, sounded like a good time. Happy B-day! Have you reached social
security age
yet? I'm trying to make the decision whether to start getting it early
or
wait
another four years.
--
John H

"All decisions are the result of binary thinking."

Thanks John. I am not social security age yet. I have a bit to go for
that. But my plan is to start collecting it at age 62.



According to the SS guy, the break even point is 80 years old now. If you
start collecting at 66, you have to make it to 80 to have made more money.
Bill

On Sun, 20 Mar 2005 18:42:57 GMT, "Calif Bill"
wrote:


"JimH" wrote in message
...

"John H" wrote in message
...
On Sun, 20 Mar 2005 09:19:21 -0500, "JimH" wrote:


"Short Wave Sportfishing" wrote in message
. ..
On Sat, 19 Mar 2005 15:51:38 -0500, "JimH" wrote:

Today is my birthday.

Many returns. Happy Birthday.

Later,

Tom

Thanks Tom. It was a great day.


Yup, sounded like a good time. Happy B-day! Have you reached social
security age
yet? I'm trying to make the decision whether to start getting it early
or
wait
another four years.
--
John H

"All decisions are the result of binary thinking."

Thanks John. I am not social security age yet. I have a bit to go for
that. But my plan is to start collecting it at age 62.



According to the SS guy, the break even point is 80 years old now. If you
start collecting at 66, you have to make it to 80 to have made more money.
Bill


Do you know what formula is used for that calculation? Does it include an
assumed interest rate?
--
John H

"All decisions are the result of binary thinking."

"John H" wrote in message
...
On Sun, 20 Mar 2005 18:42:57 GMT, "Calif Bill"

wrote:


"JimH" wrote in message
...

"John H" wrote in message
...
On Sun, 20 Mar 2005 09:19:21 -0500, "JimH" wrote:


"Short Wave Sportfishing" wrote in message
. ..
On Sat, 19 Mar 2005 15:51:38 -0500, "JimH" wrote:

Today is my birthday.

Many returns. Happy Birthday.

Later,

Tom

Thanks Tom. It was a great day.


Yup, sounded like a good time. Happy B-day! Have you reached social
security age
yet? I'm trying to make the decision whether to start getting it early
or
wait
another four years.
--
John H

"All decisions are the result of binary thinking."

Thanks John. I am not social security age yet. I have a bit to go for
that. But my plan is to start collecting it at age 62.



According to the SS guy, the break even point is 80 years old now. If you
start collecting at 66, you have to make it to 80 to have made more money.
Bill


Do you know what formula is used for that calculation? Does it include an
assumed interest rate?

The day I am elligible to start collecting SS I am going to take it. I
figure that I will finally start getting my money back and I would like to
do what I want with it rather than letting the Government do what they want
with it. From what I understand if you start pulling your money out at 62
then you will break even at 72.

"John H" wrote in message
...
On Sun, 20 Mar 2005 18:42:57 GMT, "Calif Bill"

wrote:


"JimH" wrote in message
...

"John H" wrote in message
...
On Sun, 20 Mar 2005 09:19:21 -0500, "JimH" wrote:


"Short Wave Sportfishing" wrote in message
. ..
On Sat, 19 Mar 2005 15:51:38 -0500, "JimH" wrote:

Today is my birthday.

Many returns. Happy Birthday.

Later,

Tom

Thanks Tom. It was a great day.


Yup, sounded like a good time. Happy B-day! Have you reached social
security age
yet? I'm trying to make the decision whether to start getting it
early
or
wait
another four years.
--
John H

"All decisions are the result of binary thinking."

Thanks John. I am not social security age yet. I have a bit to go for
that. But my plan is to start collecting it at age 62.



According to the SS guy, the break even point is 80 years old now. If
you
start collecting at 66, you have to make it to 80 to have made more
money.
Bill


Do you know what formula is used for that calculation? Does it include an
assumed interest rate?
--
John H

"All decisions are the result of binary thinking."

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

"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.

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."