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Stock impact report

You can't spend it when you're gone, but delaying Social Security payments makes sense [Los Angeles Times (CA)]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
I receive a pension of $2,400. I've been working a nearly full-time job averaging $3,800 a month with 8% going into a 401(k) and 4% being matched. I have observed many fellow workers wait till 65 to collect Social Security and then die a few years later. I also volunteer at my local VFW and listen to people complain about the lack of money they have, especially the women, who unfortunately relied on their dead husbands. So would it be bad for me to start collecting my Social Security at 63? I am a very healthy person and longevity is in the family. Answer: Some people do die shortly after retiring. Most, though, live well past the “break-even” age, when the smaller checks they give up by delaying Social Security are more than made up for by the larger checks they receive by waiting. And the ones who die early … well, they're dead. They no longer care about Social Security checks. The ones who care intensely about how much they're getting are those who survive and run through the Show less Read more
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