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Thoughts on when to start receiving social security
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Greywolf
Posted 10/17/2016 08:21 (#5585898 - in reply to #5584794)
Subject: I am llooking at it this way



Aberdeen MS
Today I turned 62, last yr BCBS wanted $885/mo for my health insurance, I went with a plan for $775 that is now canceled Jan 1.

I can draw just shy of $1000/mo SS. If I wait to 65, I can draw just north of $1000/mo. The difference is about $300/mo. In those 3 yrs I give up about $11,000 but have drawn out about $35,000.

My last crop I took out was in 2012. Due to some health issues that morally I couldn't claim disability, I decided to retire early.

If Washington DC says I have to insurance, but by their actions make it not affordable, I will draw early to get my "subsidy" for health insurance.
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