Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Angelino97

The lifetime benefit from Social Security is calculated to be the same regardless of what age you start receiving benefits. So someone starting at age 62 isn’t getting anything more or less, over the lifetime of payments, than someone starting at age 70. That being the case a person might as well start at age 62.


8 posted on 04/06/2024 4:44:47 AM PDT by ops33 (SMSgt, USAF, Retired)
[ Post Reply | Private Reply | To 3 | View Replies ]


To: ops33
The lifetime benefit from Social Security is calculated to be the same regardless of what age you start receiving benefits. 

Last time I looked, the crossover point is around age 84. If you die before then it was best to take the smaller payment early. If you die later it is best to wait to take it. Whether you will live to be 84 is a guess based on your health and family history.

12 posted on 04/06/2024 5:37:32 AM PDT by KarlInOhio (Democrats' version of MAGA: Making America the Gulag Archipelago. Now with "Formal Deprogramming")
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson