Wow, dats one of the MOST Ignorant analysis I've EVER heard and it just goes to show how "Bad Information" is a common occurance on the World Wide Web!?
Obviously that person taking EARLY retirement rec'd $1000/month, $12k/year, for FOUR years (66 - 62 = 4), and hence rec'd $48k Buc-a-roos in Un-expected retirement, yes!?
At age 70 this person could Kick da-Bucket so to speak at ANY Moment, and if they Cough up $-96k to "Get More", they have to get BACK that $96k before they realize ANY gain, yes!?
So, we take $-96k and calculate how many years they have to wait to get their there ORIGINAL investment back using the "New Payout"?
$96k / $1.760k = 54 months or 4.5 years, WOW and OUCH!
So now we have a person who retired at 62, was 70 when they re-applied, and now at age 74.5 years old they will FINALLY start reaping the "So called increased benefit", OUCH!?
NOW someone tell me just exactly how much longer does this person have, IF - they haven't died already, geesh, talk about Ignoramous ideas!?
Remember, Soc Sec is NONE transferable, annuities ARE!
In summary, I'd take the half the 96k, 48k (hey that's the bonus money you got between 62 and 66, sweeeet), and take a Trip around da-World and ENJOY me retirement (that's of course if you could even come up with $96k, Duhh)! Then I'd take the other half, $48k, and put it into GOOGLE stock!
Then my kids and/or grandkids will have something that may be worth a Million Dollars in 20 years, and they may even be able to afford to give me a decent burial when I'm ,well, 90 freakin years old, LOL!?
I'm always amused by the ability of those that have Other agenda's to "SPIN" it as needed to suck in da-Masses, Oh Boy!?
I'd NOT be surprised if the Government itself starting spreading this concept to help-em pull in some extra CASH to make it through the pending Depression!?
Better yet, take everyone's $96k and use it to pay the Newly Arriving retiree's, hey, sounds like another "PONZI" scheme to me!?
THANK GOD some of us have "Brains" and don't just Believe any TOm, DICK, or HaRRy dat comes along with some kinda Pea-Brain idea!
And dats about allseyegotsta say about dat for now, Good Bye,
nm
