Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less by Mike Piper
Author:Mike Piper [Piper, Mike]
Language: eng
Format: epub
ISBN: 9780981454283
Publisher: Simple Subjects, LLC
Published: 2012-09-29T22:00:00+00:00
The takeaway: For an unmarried retiree, from a breakeven perspective, if you live past age 80.5, you will have been better off claiming benefits at age 70 instead of claiming as early as possible at age 62.26
According to the Social Security Administration, the average total life expectancy for a 62-year-old female is 84.3. For a male, it’s 81.4.27 In other words, from a breakeven perspective, most unmarried retirees will be best served by delaying benefits as long as possible.
Comparing Social Security to Other Income Options
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