Anyone thought about when they'll apply for Social Security(or whatever you have in your country)? I used to think people were dumb for taking SS early; obviously the longer you wait, the bigger your payment. But lately I've started to rethink that. I'll probably take it right away because:
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I don't know how long I'm going to live: I just hit 50 and I still exercise every morning and try to go jogging occasionally, but that's getting harder and harder to do. Plus I have this heart murmur my doctor hasn't figured out yet.
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I want to use the money while I can still enjoy it: I never used to pay attention to old people, but as I'm approaching that age, I've noticed there can be a sharp drop-off between age 60 and 65 or any given time span. Also, there's a history of dementia in my family(both parents, brother, and now sister) so I'm on borrowed time.
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There's no telling when SS will become unsustainable. I think the projected date is around 2034 when they'll have to start making reduced payments, but it's hard to predict anything that far out. I'm just going to take my money when I can.
Any thoughts? Anyone out there already drawing SS?