that's not a bad thing. At least you'll get a benefit that's either 24% higher at 70 than at 67. And if you were the higher earner, it will ensure a higher benefit for your spouse should you predecease her.It sounds like I will likely have to stretch retirement from 67 to 70 for more salary income and by that time we will downsize our home. In three years our college expense will be finished when I’m 61.
That's not terrible. Clark Howard's rule is if you have to take on debt to try to have the amount you graduate with equal or less than your first year's salary so the debt is manageable. So if their income is $50k or more, they should be ok. This rule may be different for doctors who because of high income can likely get high debt paid off faster than the average worker.That being said the older two graduated and are starting off life about $50k in debt from their federal and personal loans.
Statistics: Posted by arcticpineapplecorp. — Thu May 21, 2026 4:42 pm — Replies 8 — Views 309
