In a November 25 article in the Wall Street Journal
Conor Dougherty writes about how Kate Bagoy holds off on a haircut so she can
buy a new car and how Massimo Liguori and his wife eat dinner out twice a month
instead of at least once a weekend. But
yet he buys a $49,000 Lexus sport-utility vehicle. What causes Massimo to do that “A car is different
because I put my family in that “, he said.
So is it worth going beyond age 62 to start your Social Security
benefits? It can be, particularly when a
husband and wife are involved. If the
surviving spouse is the low income earner it can increase the survivor’s
income by up to 8% per year for each additional year the social security
start-date is delayed prior to age 70.
The Wall Street Journal, Friday November 25, 2011 page A4 “Holding Off on a
Haircut To Buy a New Car”