Episode 3 of 6
The Social Security Gambit
Larry can claim Social Security at 62 for $1,680/month or wait until 70 for $2,950/month. His pension adds $1,400/month at 65. He models the crossover point where delaying pays off — and what happens if he doesn't make it to 85.
Key Insight
Claiming at 62 yields $604,800 by age 85. Waiting until 70 yields $529,200 by 85 but $708,000 by 90. The break-even age is 81. With Larry's family history of longevity, delaying adds $103,200 in lifetime benefits.
Model This Scenario