Break even point for taking early social security
You often say to wait to take social security at age 70, but don’t discuss the break even point if you take it early. It seems that it can take 10-20 years before you get to the break even point. Can you explain?
Terry Says
You’re asking the WRONG question! It’s not about break-even, or living longer. It’s about having a higher BASE on which future inflation-adjustments will be made. You get a base boost of 8% per year you wait after full retirement age until age 70. If you can afford to wait, please do!
Read this: https://www.terrysavage.com/when-to-take-social-security/
