Making Optimal Social Security Claiming Decisions - A Four Stage Analysis

[flyingpylon]

Thought this was interesting, curious to know what other non-satirists think.

Making Optimal Social Security Claiming Decisions - A Four Stage Analysis

The four stages mentioned are:

1. Simple Dollar Analysis
2. Spending Power Analysis
3. Adjusting For How Social Security Decisions Can Change Medicare Premiums
4. The Depletion Of The Trust Funds

[yankees60]

Thought this was interesting, curious to know what other non-satirists think.

Making Optimal Social Security Claiming Decisions - A Four Stage Analysis

The four stages mentioned are:

1. Simple Dollar Analysis
2. Spending Power Analysis
3. Adjusting For How Social Security Decisions Can Change Medicare Premiums
4. The Depletion Of The Trust Funds

Have not yet read it but I just started collecting Social Security this past May after attaining the age of 70 in April.

As a single person in good health and with no need for the income prior to age 70....that seemed the best way to go. But I will read this as the 4 stages seem intriguing.

Thanks

[Kbg]

I can save you some time Vinnie as I've looked at this a fair amount. Assume your death age and the math is very straight forward...and whatever you assume changes what is optimal.

Whether 3 is even worth looking at is dependent on your retired income stream sources, but once you know those lines it's again very straightforward

4, is a complete guess.

[Mountaineer]

Thought this was interesting, curious to know what other non-satirists think.

Making Optimal Social Security Claiming Decisions - A Four Stage Analysis

The four stages mentioned are:

1. Simple Dollar Analysis
2. Spending Power Analysis
3. Adjusting For How Social Security Decisions Can Change Medicare Premiums
4. The Depletion Of The Trust Funds

Interesting analysis. I took SS at age 62. I did lots of calculations but in the end decided “a bird in the hand is worth two in the bush”. I also considered the death ages of my ancestors. At my current age I have lived longer than all but two males going back several generations. I still have several years before I reach the likely “crossover“ age in the article scenarios. I am completely satisfied with the choice I made and why I made it, and would do the same thing again knowing all that has transpired since I was 62.

Good luck to you flyingpylon!