If i start taking my social security benefit at age 62 and et could easily come out ahead compared to waiting to take sofa security aged 70. By his calculations, if i assume a five % real return, then the break even point between tating sof security of age 62 versus taking it at a 70, is about 90 years old. If you're just kind of goin, eh, i think stack mark is probably going to do better over those eight years. We may take that little bit less than mine for your benefit but we'll have what we've been wanting to put in place for quite some time now. Ah, this is something we'd like to see more of on the
A listener asked, "how would you reset the whole retirement account system in this country to make more sense for both the government and the citizens?" In this episode we dive into what changes we would make if we could in that system, simplifying taxes, separating the retirement accounts from employment, and creating a sort of pension plan bigger than social security. We also answer your questions about caps on 401(k) contributions, small business 401(k)s, social security, annuities, tax deferred vs Roth contributions, C shares and A shares, and contributing to your spouse's 401(k). Read the full show notes here: https://www.whitecoatinvestor.com/how-to-fix-the-retirement-account-system
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