Page 48 - Ready Set Retire

Stephen J. Kelley

Figure 4: Long Life vs. Good Life with Social Security

I have lined these up and blocked off three areas of each so we
can discuss each in turn. Area A represents the time between
62 and 70. This is the area most people think about when
making these early election decisions. Their thinking is they
could have extra income during that whole eight-year period,
and since they have to live to 78 to break even anyway, why
not? If they put it off, they may get no benefits at all should
they die before age 70.
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