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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Retirement Investing
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Author: sykesix ✭  😊 😞
Number: of 1281 
Subject: Re: What's worse than lottery tickets?
Date: 11/13/24 6:32 PM
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I read a few article several years ago which discussed a sort of split strategy. It only applied to married couples. The lower-earner should take benefits at 62, increasing money available to do stuff (like travel) without rocketing up (usually) into a higher tax bracket. It also buffers against market fluctuations if you're living off of your investments. Then the higher earner would take them at 70. When one spouse expires, the surviving spouse can opt to retain the higher benefit payout of the two.

Seemed like a reasonable, conservative strategy to us. 1poorlady is planning on doing it in a few years.

That's what we intend to do. Article on this topic from Kitces.

kitces.com - Why it rarely pays for both spouses to delay social security benefits
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This community has written 1,207 posts about Retirement Investing. The article-length ones it recommended most:
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