I believe the age 77 is sort of a cut-off for when it makes more sense to wait.    For instance, my mother is alive and well at 90.  There is a lot of longevity in my family.  If I start collecting SS at age 62, if I make it to 90, I will have earned $605,808 in SS pymts.  If I wait until I am 70 to collect SS, I ...more

10% interest actually is not unrealistic.  I have a 401k invested in moderate to slightly aggressive funds and I earned over 20% last year.  A lot of people claim that only the top people or millionaires make money on Wall Street but if you put your money in decent funds through a reputable brokerage company, you reall...more

tom030903 - I'm returning your compliment.  You write exactly what I'm thinking (only you write it better than I could).  Thanks for your excellent rebuttal to 123rainmaker's (and others) ridiculous arguments.  I fear it won't make a dent in their little victim brains.  No one wants to "man up" so long as they can blam...more

Amazing how many people just don't get it and only blame the banks.  Yeah, yeah, yeah, a lot of banks made risky loans and now they're paying for it.  Risky loans can turn into losses.  Always have.  But things are different now - it's not just the people who lost a job or had a catastrophic illness that quit paying th...more

That cracked me up!  Good one!