Wondering When to Take Social Security?

[A HERETIC I AM]

4. Excellent advice.

For those that it is practical, waiting is better for exactly the reasons you state.

While I was a broker, one of my clients, who became a friend, was a man named George Bush (Really!), an Englishman who live to 101!

He became my client at the ripe age of 98 and lived all of that time in assisted living facilities. Between his living costs and his medical expenses, he burned through over $90,000 a year.

While he had a substantial 6 figure portfolio when he became my client, and though I did the best I could to keep him conservatively invested, his net worth was reduced by more than half in the 3 years I knew him.

I was one of only two people at his funeral. He had outlived all his friends.

Your comments regarding the increased longevity of Americans is not to be understated,