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| Ron Peterson <ron[at]shell.core.com> wrote: - quote - > On Nov 21, 4:52 am, louise <lou...[at]invalid.invalid> wrote:
Thanks to all for an excellent discussion on what to me are> > I'm 64.5 and recently received a few hundred thousand in > > life insurance which I need to keep safe, but also need to > > use earnings to help with living expenses. Thus the > > possible annuity. > Use some of that money to postpone Social Security payments. That will > increase your Social Security payments when you do start taking them. difficult and complicated decisions. One quick note about the SS payments, though. My parents died in their mid-seventies, so I have to infer (even though I don't smoke and do have a more active lifestyle) that I won't live more than a few years beyond what they got. Examining the money to be gained by postponing the Social Security, it looks as if I would have to live into my mid-eighties to profit thereby. Add to that the possibility that Congress will change the rules before I tap into the pot, it would seem wiser to 'take the money when you can get it'. (And the worst-case scenario? I get hit by a drunk driver at age 68, and don't get a penny of my money back!) HH |
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| On Nov 21, 4:52 am, louise <lou...[at]invalid.invalid> wrote: - quote - > I'm 64.5 and recently received a few hundred thousand in
Use some of that money to postpone Social Security payments. That will> life insurance which I need to keep safe, but also need to > use earnings to help with living expenses. Thus the > possible annuity. increase your Social Security payments when you do start taking them. -- Ron |
| Tags |
| annuity, benefit, guaranteed, lifetime, withdrawal |
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