Summary: look at the numbers assuming you didn t need the money at 62 but you took it anyway and saved it all at 7 if you got an 8 taxable rate then that s about the same as 7 non taxable If you started collecting at the beginning of the year when you turned 62 then you d have around $3 360 000 at the end of the year you turned 100 The present value of all of the payments
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