Originally Posted by
Dutchy
Breakeven analysis is important, but everyone's circumstances are unique.
Remember to consider income tax impact on taking SS vs.. investments.
Also, if you care about leaving a legacy to children or charities you obviously cannot leave SS benefit to
those when you die. If you draw down investments (TSP/IRA/401 K) for income while postponing claiming SS,
you are taxed at 100% and are depleting any potential legacy..
Lastly, by 2030, SS,Medicare,interest on 18-22 trillion dollar Federal debt will consume ALL of Federal budget.
Big changes will have to be made to social programs, possibly including means testing (reduced benefits based in income).
Politicians continue to say, "those 55 and over will not be impacted" by any changes, but can you take that to the bank ?
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