How does this compare to the associates at STRS?

From John Bos, October 27, 2008

"Early" Retirement

From Fidelity.com

October 27, 2008

Call it a sign of the times. In a survey just released by Fidelity, 45% of its respondents age 61 said that they plan to begin taking Social Security next year. This would be the first year they are eligible to do so. Moreover, it would lock the recipient into the lowest possible payment for the rest of their lives, as postponing Social Security to a later age means a larger monthly income stream.

"The top reasons driving their decision to collect early," says Fidelity, "are immediate financial needs and health and longevity concerns." This same group indicated that their benefits will be used to fund basic living expenses, and that they expect Social Security to account for as much as half of their income.

Click here to read the rest of the article.

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From John Bos: What is interesting is that SS will be the major portion of their retirement. There is also a MAJOR issue with Congress and Wall Street. Several firms that were bailed out planned to give a bonus to their investment staff. Government is now saying, "NOT SO FAST". We now have input.