Posted by elton fancher on December 14, 2018 at 16:15:27 from (64.130.164.71):
In Reply to: Social Security. posted by DeltaRed on December 14, 2018 at 09:56:38:
I took mine at 62. I am pretty sure it was the best thing for me. Now someone mentioned a big farmer not drawing a big check. Think of it this way, if you farm and have a large income, but also have a large expenditure, your taxes are not gonna be that much. I have a cousin that was taking in huge amounts of money yearly compared to my factory job. However at the end of the year, if his tax man advised him he would have to pay a substantial tax bill, he would buy a new piece of equipment, neutralizing that bill. Now you can debate which makes more sense, but he now draws $400 a month less than me, and still has some debt. If I understand SS your tax bill limits the amount you pay into SS, therefore limiting your returns.
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