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    lohicks's Avatar
    lohicks Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 19, 2012, 10:11 PM
    Should I collect social security early or take ira distribuition
    I am 61 and not in good health. I am unemployed due to my health issues but my wife's work insurance covers all but $5000 a year of my annual medical expenses.
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
    		  
    #2

    Jul 20, 2012, 02:17 AM
    To put it bluntly, one factor in all this is how long you expect to live.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Jul 20, 2012, 03:31 AM
    You take from the IRA. The longer you delay claiming your pension the larger the pension amount will be. The IRA doesn't work that way.
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