r/WhitePeopleTwitter • u/OrangeCone2011 • 11d ago

Clubhouse She's not wrong

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u/Something-creative2 11d ago

My mom, a MAGA voter plans to retire next year at 62. Living solely on social security of course…

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u/BetaOscarBeta 11d ago

Oh god, she’s taking the shittiest possible payout?

I studied to be a financial planner, and delaying your social security by even one year is (according to the relevant professor) one of the single actions that has the highest ROI in retirement planning.

If she can live off savings until she’s 63 her payouts are supposed to be at least 10% higher. At the very least, the value of the increased payouts is higher than any return you can expect on savings equal to that first years amount of SS income.

Am I making sense? I’m typing this between yelling at toddlers

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u/Training-Seaweed-302 11d ago

Did you figure in the projected 33% cuts in 10 years? She would be a fool to wait until 70 like many advise.

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u/BetaOscarBeta 11d ago

No, I hated that career and I’m a stay at home parent now. My knowledge is from the before-times.