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<blockquote data-quote="1982vett" data-source="post: 1709823" data-attributes="member: 7795"><p>What no one is taking into consideration is investment gains. Taking SS early let's my my investment portfolio grow. At the moment it's growing faster than it would by delaying. Taking SS early keeps me from dipping into our Roth accounts. Those funds continue to grow tax free. If I take money out of our Traditional IRA's I'm paying ordinary income tax on it. For me, some of SS is taxable, but all funds pulled from a Traditional IRA is taxable. Another tool available to me this year since I'm not "forced" to use IRA funds to meet living expenses is to convert some of it to a Roth thus avoiding future (as of now) taxes. Until last year our taxable investment funds were depleted. It now holds our "emergency" funds from an asset sold so taxable gains/loss is back in play. </p><p></p><p>So, there isn't a "one fits all" reason to take or not to take early. It varies with each recipient and their financial and health situation weigh heavy on the decision.</p></blockquote><p></p>
[QUOTE="1982vett, post: 1709823, member: 7795"] What no one is taking into consideration is investment gains. Taking SS early let’s my my investment portfolio grow. At the moment it’s growing faster than it would by delaying. Taking SS early keeps me from dipping into our Roth accounts. Those funds continue to grow tax free. If I take money out of our Traditional IRA’s I’m paying ordinary income tax on it. For me, some of SS is taxable, but all funds pulled from a Traditional IRA is taxable. Another tool available to me this year since I’m not “forced” to use IRA funds to meet living expenses is to convert some of it to a Roth thus avoiding future (as of now) taxes. Until last year our taxable investment funds were depleted. It now holds our “emergency” funds from an asset sold so taxable gains/loss is back in play. So, there isn’t a “one fits all” reason to take or not to take early. It varies with each recipient and their financial and health situation weigh heavy on the decision. [/QUOTE]
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