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Subject:  Re: What age to take SS payments? Date:  12/3/2013  1:47 PM
Author:  intercst Number:  73894 of 76421

spinning writes,

Here's another thought on a reason to wait to take SS. One of the risks of retirement is living too long. If you have enough money to delay taking SS, then yes, if you don't live long you lose by delaying SS. But you probably win in that you don't outlive your savings. If you live a long time, then taking SS later gives you more money. Delaying SS is a hedge against the costs of longevity.


That's true -- and it's a lot cheaper than taking SS at age 62, and than buying longevity insurance (i.e., an annuity) from an insurance company to make up the difference in your monthly benefit.
