Page 47 - Ready Set Retire
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Ready. Set. Retire!
Figure 3: Social Security break-even: a faulty model.
The highlighted cells are the break even point, age 78. Based
on the fact that his family rarely lives past their mid 70s, Tom
made the decision to receive his benefits as early as possible,
age 62, and Linda, not knowing better, went along with him.
The problem with this is mutifaceted, and can be visualized in
the following illustration. The top chart shows the earliest
election, the bottom the latest.
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