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Deciding when to take Social Security retirement benefits is important because it can directly affect your benefit amount. Calculating your Social Security break-even age can help you decide when ...
Waiting until your full retirement age of 67 means you’d break even when you’re a little over 78 1/2 years old. If you wait until age 70 to collect Social Security, you would be a little under ...
To calculate the break-even point in terms of revenue (a.k.a. currency units, a.k.a. sales proceeds) instead of Unit Sales (X), the above calculation can be multiplied by Price, or, equivalently, the Contribution Margin Ratio (Unit Contribution Margin over Price) can be calculated:
Continue reading ->The post How to Calculate Your Social Security Break-Even Age appeared first on SmartAsset Blog. Deciding when to take Social Security retirement benefits is important because ...
A simplified cash flow model shows the payback period as the time from the project completion to the breakeven. In economics and business, specifically cost accounting, the break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even".
In assessing your situation — particularly, the timing of Social Security benefit collection — it may be helpful to look at breakeven calculations in relation to your life expectancy.
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