No. of Recommendations: 3
The debates about when to start SS usually implicitly presume that they have a lot of money.
- It doesn't make sense to start SS while you are under FRA and still working.
- You have to have a portfolio big enough that you can live off of it and don't need SS money.
In the example of my friends upthread, they are both still working, part-time.
They do have a big enough portfolio - at least 25x expenses without the part-time gigs.
I don't know how much is taxable vs tax-deferred.
They don't need the SS income. They live very nicely without it.
Main reasons to delay, I think, are lower taxes now, and to help mitigate sequence of returns risk.
In a few years Mrs. C. and I will be in this similar position. Without the part-time working.
