“ But, consider this.... If you start SS at 62 and get the max, by the time you are 70 you will have accumulated approximately $250,000. If you wait until you are 70, at 124% of the max SS payment, it will take you 10 years to catch up. That’s before interest.”
Another thing to consider, and one of my top priorities is quality of life. I would hate to have refrained from living my life to the fullest in order to have a bit more money at 80 years old when it’s likely I won’t be able to do a ton of things at that age. I would consider it a major failure to have a couple million in the bank at 80 or 90 years old (when I’m physically unable to do a lot of things) because I passed on opportunities at an age when I was able. Even worse would be to work until 70 and die at 80. My goal in life is not to leave a large inheritance.
Hi.
“My goal in life is not to leave a large inheritance.”
My goal too with one caveat. The First lady doesn’t have to work or worry about care.
5.56mm
:: My goal in life is not to leave a large inheritance. ::
THIS...right here...is why GEN-X plots against us.