Retirement money draw on 401k,IRA, Etc ?

JEEPONLY · 10-25-2017, 05:22 PM

For anyone old enough to be thinking about SS, it is important to be well informed. It's my understanding that the government will payout a full 1/3 more (of the estimated age 66 payout) if the qualified recipient defers payments until age 70.

Tax liability varies, according to the recipient's work activities, but I'm talking about SS payout, only.

When I do the math, based on an age 66 annual SS payment of 25k, it seems it would take about 13 years (33.333k/yr.) to start "making a profit" v. the estimated 25k/yr, at age 66.

I understand that, if the spouse's expected SS will clearly be less, it might make sense to defer.

A question I would like to know the answer to is, if the person with the expected larger SS payments defers, but passes before the age of 70, is there anything to be gained?

Just wondering about all of this.

10-25-2017, 05:22 PM	#18
JEEPONLY Deceased Member Join Date: Nov 2014 Posts: 695 Thanks: 342 Thanked 179 Times in 141 Posts	Ss For anyone old enough to be thinking about SS, it is important to be well informed. It's my understanding that the government will payout a full 1/3 more (of the estimated age 66 payout) if the qualified recipient defers payments until age 70. Tax liability varies, according to the recipient's work activities, but I'm talking about SS payout, only. When I do the math, based on an age 66 annual SS payment of 25k, it seems it would take about 13 years (33.333k/yr.) to start "making a profit" v. the estimated 25k/yr, at age 66. I understand that, if the spouse's expected SS will clearly be less, it might make sense to defer. A question I would like to know the answer to is, if the person with the expected larger SS payments defers, but passes before the age of 70, is there anything to be gained? Just wondering about all of this.