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Personal Finance Topics / Retirement Investing
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Author: intercst   😊 😞
Number: of 598 
Subject: Re: taking SS early
Date: 07/25/2024 8:32 PM
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{{ Don't forget that wealthier people tend to live a lot longer than the average Social Security beneficiary. Those in the Top 10% of the income and wealth pyramid live 5 or 6 years longer than average.

http://www.equality-of-opportunity.org/health/

Great example of how to lie with statistics, that web site.

The first chart "Life Expectancy vs. Income in the United States" shows ALL life expectancy, whereas the appropriate data would be LE of people who are 62 or 65 years old. Because THAT is what we care about.

{{ snip }}

Same result if you look at 65-yr-olds.

The Growing Gap in Life Expectancy by Income: Recent Evidence and Implications for the Social Security Retirement Age -- Congressional Research Service.
https://sgp.fas.org/crs/misc/R44846.pdf

I've found that making decisions based on arithmetic rather than political dogma or centuries old advice from the Holy Scriptures has greatly increased my wealth and happiness, as well as removing the need for employment over the past 30 years. I highly recommend it.

intercst
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