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To: plain talk

plain talk wrote: “That’s right. It gets rid of some of the tricks people would play. Most people don’t even know about them. Financial planners are always touting them. Has no impact on most people.”

And, like a lot of tricks financial planners tout, they don’t always work out. Like deferring social security until age 70 to get a higher benefit which only works out if you live a very long time. Otherwise, you lose.


47 posted on 05/03/2016 12:27:10 PM PDT by DugwayDuke ("A man hears what he wants to hear and disregards the rest")
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To: DugwayDuke

Exactly. The actuaries are not morons.


49 posted on 05/03/2016 12:31:09 PM PDT by jwalsh07
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To: DugwayDuke

Deferring SS to 70 is not a trick and is a good idea if you really believe you will live into your 80s (not that unusual these days). Of course estimating one’s longevity is a crap shoot. I plan to start collecting mine somewhere between 64 and 66.


95 posted on 05/03/2016 4:05:16 PM PDT by plain talk
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