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Old 06-16-21, 05:58 PM
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chewybrian 
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Originally Posted by jon c.
As you'll see from the SS site, the longer you wait the higher your monthly check.

If you know exactly how long you're going to live it's fairly easy to calculate the optimal age to start collecting so that you get the maximum amount over your lifetime. If you don't have that information, the decision becomes a bit more difficult.
Not surprisingly, I don't know that. I assume it makes sense to bet long so you don't end up in the poor house. But, I have a sense that the medicare question is tied up with all this. Can I lock in a certain payment for a supplemental policy and figure out my real health care cost, or should you just keep on banking all you can in case you end up in a nursing home or something?

On the flip side, of course, there is something to be said for enjoying life while you can still do it.
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