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The Water Cooler
General Discussion
Well, I finally done it - Social Security, it ain't social, and it ain't security.
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<blockquote data-quote="O4L" data-source="post: 3759850" data-attributes="member: 24429"><p>I was looking at the numbers the other day. Based on the last SS statement I received, if I wait until 65 to start drawing, instead of 62, it will take ten years to make up the difference for that three years of delayed income.</p><p></p><p>I don't know if I'll even make it to 65 much less 75. At 62 SS would be about equal to my current income so to me it would be a no brainer to draw it at that time. </p><p></p><p>If I get a better paying job before I'm 62 next year, then it would be better financially to keep working but I'm not sure it would be so beneficial otherwise.</p></blockquote><p></p>
[QUOTE="O4L, post: 3759850, member: 24429"] I was looking at the numbers the other day. Based on the last SS statement I received, if I wait until 65 to start drawing, instead of 62, it will take ten years to make up the difference for that three years of delayed income. I don't know if I'll even make it to 65 much less 75. At 62 SS would be about equal to my current income so to me it would be a no brainer to draw it at that time. If I get a better paying job before I'm 62 next year, then it would be better financially to keep working but I'm not sure it would be so beneficial otherwise. [/QUOTE]
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The Water Cooler
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Well, I finally done it - Social Security, it ain't social, and it ain't security.
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