Ill take the reduced amount of SS at 62, I can invest it and make way more that the difference at age 67.
No brainer
No brainer
I agree and may make that my retirement career!
I think I read that the break even point is age 82. So, if you wait for full SS pension at 67, you will break even in total $ received at age 82 compared to taking the $ at age 62. If you have health issues & aren’t likely to live past 82, the numbers say to take SS pension @ age 62. If you are in good health & are statistically more likely to live past 82, it might make sense to wait till 67 to take pension. That’s the math anyway, being able to see in the future not withstanding.
I started mine the first month I was eligible.
My financial guy said if I waited until I was 70 I would be in my 90’s before waiting until 70 would catch up in total assets received.
I retired first from the Marine Corps, then OTRS, and started drawing SS at 62. I am better off now than when I was working! Retired life is a good life if you are financially secure.
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