Hello,
I am 64, thinking about retiring from work next year, need to decide if I want to sign up to receive Soc Security benefits or instead withdraw about the same amount from 403b investment for living expense. I am trying to weigh the pro and con of each alternative. The pro of delaying SS benefit (until I turn 70) is the guarantee of increasing monthly benefit of about 8% annually, vs. the risk of fluctuating stock market yields with the 403b. The other factor to consider is to know which income may be more tax favorable. I am in the 22% tax bracket, as my spouse will continue working and have an income from work. Can you speak to which income source would be more favorable from a tax perspective? Also, are the other factors to consider? Thanks!
