FYI: Q. I’m 66 years old. I’m considering the timing for taking Social Security. I am comfortable waiting until age 70. I understand my cash requirements going forward and I have the money assets outside of Social Security to support deferral.
But I have a concern. I looked at the impact of taking Social Security as it would affect my portfolio withdrawal rate. Here is how it would affect the coming year:
Without Social Security at age 66, my withdrawal rate for 2017 would be 4.0 percent.
With Social Security at age 66, the withdrawal rate for 2017 would be 2.6 percent.
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/if-you-can-afford-it-deferring-social-security-is-a-good-investment
