Something to Ponder: Do you really want to wait at least 10 years before you reach the break even point for delaying Social Security benefits while gambling you will even live past the average U.S. life expectancy? That break even point is even longer if you qualify for the supplement a FERS employee can draw for years by retiring early. The government usually wins that statistical gamble. And the longer you delay, the longer the break even point. In 2021 the avergae life expectancy: Male: 76.1 years - Average life expectancy of a US male (at birth). Female: 81.1 years - Average life expectancy of a US female (at birth). - federalretiree.blogspot.com
Delaying Social Security benefits? Here's how long it will take for it to pay off
Article Excerpt: "...it also means you miss out on years of money you'd otherwise have received. You'll need a higher monthly income for many years to make up for all those missed benefits and reach your break-even point. ..."
Resource: www.usatoday.com