Quote:
Originally Posted by SirFozzie
Let's do a thought exercise. I've been hearing elsewhere about a possible "Eagle Plan".
The basics are:
You would get $10,000. On the spot. No strings except:
You cannot claim Social Security for one extra year (for example, instead of 67, 68).
That's a Sophie's Choice isn't it?
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It depends on how many years left you have till collecting SSN, the assumed annual return - inflation. As an average, you are supposed to double every 8-9 years in the market (does not factor in inflation).
If you are 20 years old, its a no brainer, take the $10K and invest it. Over 40-45 years or 5 "cycles", you'll have 10K x 2 x 2 x 2 x 2 x 2 = $320K.
If you are 65 where you have 1-5 years of growth at most, probably make sense to pass.