"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.