Did Sarasota Tim help the government by taking Social Security at 62? A longevity analysis.
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- Опубліковано 8 чер 2024
- Inspired by Otter’s Retirement Corner’s rebuttal to Sarasota Tim’s advice that everyone collect social security at 62 along with some other thoughts from Dr. Peter Attia longevity discussions, I came up with my own ideas including predicting my maximum possible lifespan. This is intended for entertainment purposes only should not be construed as lifestyle, retirement, or financial advice. #sarasotatim #retirement #longevity
Appreciate you taking the time doing the numbers and sharing your observations .
Cool video!
I think Tim is giving good advice to retire as soon as possible, if you can afford to live on the proceeds.
I guess if he thinks living in a trailer in a Walmart parking lot as crushing it then he made the right decision for himself. It seems like all these guys are unmarried and childless.
William: The whole point of understanding life expectancy is to help make an informed Social Security decision. It is very crucial information. If you get to age 62 and you don't have cancer, diabetes, heart disease, liver disease or kidney disease and don't have a family history of those diseases, you are likely to live past the average life expectancy of your cohort. So, if your goal is to maximize lifetime benefits under those conditions, you would wait until age 70 to start benefits. That does not mean you need to wait till age 70 to retire. You can save for retirement, retire early (60? 62?) and still wait till 70 to start benefits.
Certainly if you develop some sort of disease or condition along the way, yeah, go ahead and start SS benefits.
Yeah, there are other factors to consider like, your spouse's age, his or her health, taxes and portfolio position. It can be a very complicated decision and it is very important to understand how long you might live as an individual. You should plan to live to 90, not because you will live to 90 but, because you MAY live to 90.
I agree that max VO2 is an important factor in considering your health and life expectancy. I was a runner too at one time. There was a 7 year period in my late 30s and early 40s where I ran about 16,000 miles. That, along with playing a lot (a LOT) of basketball through age 61 (I'm now 67 too) destroyed my knees and back. Now, I do some "sprinting" (200 meter races), long jump and play a lot of softball (225-250 games/year). I work out with weights, elliptical, bike, some treadmill, jumping drills and stretching. My body hurts all the time and I need anti-inflammatories to survive while competing.
I admire your physical condition. I am 5'10'', 162 pounds (I have weighed that for about 50 years). I would be considered in very good shape, compared to my cohort. I have been a Vegan for about 26 years and have been on a high carb diet since I started running in my early 30s. I read Lore of Running early on and in influenced me greatly. The author, Tim Noakes, later changed his philosophy and changed to a high fat diet.
Thank you for listening and commenting. I really like your spirit and demeanor. I was really intrigued by the distribution of longevity and you are right that according to this analysis if the big four chronic diseases don’t take you out it is most probable you will live to 90! I notice many financial advisors even plan for 95 which perhaps not coincidentally encompasses about one standard deviation above the most probable. I do have family history for diabetes and cancer. Nothing I am aware for heart disease. I think my strength training emphasis has helped a lot with the metabolic issues. I can eat a meal without spiking my blood sugar.
It is so cool you were a runner. Until 2010, running was my primary training. I am 5-10 and weighed about 140lbs. My amazing daughter was a gymnast and she inspired me to get stronger. So that year I switched to calisthenics and over the following 4 years I gained 17 lbs of upper body muscle weighing 157 now. So physically we are very similar. I really like the transformation but I wish I could bulk up more but it is not in my genes. I relate to the pain though. Vitamin I (ibuprofen) is taken often. Strangely though my knees are completely pain free. My shoulders hurt and sometimes my back and hamstrings. I really can’t sprint hard because it hurts my hamstrings. My father forced me to run in high school and per my coach I had no talent. But I stuck with it and ran a 15:52 5k in clearwater Florida during the anderson consulting sports battle in 1987. I will say, my running just fell off cliff performance wise after 57. I still run about 1-2 times a week but it is really hard effort wise. I say good for to be participating in all those activities. Diet-wise I eat meat. It shows in my food budget. I was surprised to find you from another 29 physique competitor that I spend over $100 more than he does and I prepare almost all my meals at home.
@@williamread8186 Wow, 15:52!!! I ran mainly marathons and half marathons until my mid 40s. I got down to 3:34 and while i wasn't going to win any races, I was usually in the top 10%-20% of my age group in most races. I spent a couple years trying to get under 20:00 for the 5K in my mid 40s. Finally started to do some speed work and got down to 19:42. Did a 38:55 10k.
Dude, you may not be good at much but two things I would never challenge you on,
1 pull ups
2 statistical data analysis
I’m taking it early
I want to get my free cash while I’m younger
I will not care at 80 if I beat the system
Yes it’s all about your own situation
I think it’s a bigger risk not taking it and enjoying it then the risk I might need more later
I think you should take it when you need it. I don’t know your situation but if you have other sources of income covering your living expenses, deferring it each year yields an 8 percent increase which I think is a nice guaranteed return. But if you need that income at 62 then collect it at that age.