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MoBuckChaser
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If you live until 80, then taking early you will draw $522,000 total. If you wait until 62 and live till 80 you will draw $648,000 total. Longer you live the bigger the difference. But here is the big question; just how well are you going to be able to use that money when you are 80+? I'm young so I may have a skewed perspective but I've always thought you should be retired while in your 20's - 30's and work when you get older.
Well then you may have to talk to Duffy about a life ins policy;) lol JKNo she will not. She would only get the lump some that is in the pension if I do not draw.
Yes SS will be over and above. That is a good reason to take it early. The other reason would be because our Pension fund was on the endangered list for a while after 2008. I want to get on the draw list so I get me money before something major could happen.