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Retirement
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<blockquote data-quote="Son of Butch" data-source="post: 1709780" data-attributes="member: 14585"><p>Assuming ss benefit of $2000 month at 70 and born in 1962 collect 56.5%</p><p>2000 m at 70 x 56.5% = 1130 month at 62</p><p></p><p>2000 x 12 = 24,000 yr age 70</p><p>1130 x 12 = 13,560 yr age 62</p><p>62 + 18 = 80</p><p>13,560 x 18 yrs = 244,080</p><p>starting at 62 at 13,560 yr = 244,080 collected by age 80</p><p>starting at 70 at 24,000 yr = 240,000 collected by age 80</p><p>13,560 x 19 yrs = 257,640 at 81</p><p>24,000 x 11 yrs = 264,000 at 81</p><p></p><p>breakeven = approximately age 80 yrs 8 months</p><p>check your ss statement to do your own calculations</p></blockquote><p></p>
[QUOTE="Son of Butch, post: 1709780, member: 14585"] Assuming ss benefit of $2000 month at 70 and born in 1962 collect 56.5% 2000 m at 70 x 56.5% = 1130 month at 62 2000 x 12 = 24,000 yr age 70 1130 x 12 = 13,560 yr age 62 62 + 18 = 80 13,560 x 18 yrs = 244,080 starting at 62 at 13,560 yr = 244,080 collected by age 80 starting at 70 at 24,000 yr = 240,000 collected by age 80 13,560 x 19 yrs = 257,640 at 81 24,000 x 11 yrs = 264,000 at 81 breakeven = approximately age 80 yrs 8 months check your ss statement to do your own calculations [/QUOTE]
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