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Boone & Crockett
Posted 2/16/2018 14:49 (#6582426 - in reply to #6582386)
Subject: RE: Delay SS from 62 to 70 "basically doubles".......??


Bruce, I did do a calculation and came up with 176% of age 62. But yet rebuilder's own statement shows 193%. Go figure. That's government for ya.I didn't want to start a major pizzing contest over SS. All I know for sure regarding SS is its darn hard if not impossible to duplicate that kind of an increase on a guaranteed basis anywhere. That's why I encourage folks that are in good health to defer. What I really like in retirement is stair stepped income increases. As in my example above, turning your portfolio into a twenty year income stream of $60,000 year. Then at 70, turn on your SS of say, $2,800 month, which will recieve some COLA's along the way. Then at 85, turn on the annuity at $100,000 year, combined with SS at that time should be somewhere around $135-$140,000 year. Those big incremental steps in income should be more than sufficient to keep ahead of normal inflation.

Edited by Boone & Crockett 2/16/2018 15:11
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