$300 a month difference in pension isn’t that much; the difference for me for going Jan 2020 vs Jan 2021 was something like $800 a month, so I went Jan 2021.
How much a difference is it for your social security?
Mine was something like $200 to $400 a month.
But if you take soc sec earlier, you get the money up front; there’s charts showing the breakeven points.
My plan was 65 because I would be able to use the dreaded medicare (plus supplemental).
Looking at the SS page, the difference between now and 65 (too much of a PITA to get all the data points, especially since something is blocking me from downloading the PDF files from that site) is about $500 a month, so total of about $800 a month. I’d be paying the full price for my health insurance, since the employer would no longer be paying a part of it, though they do allow us to stay on the group plan.
No telling how the market will go, but each year adds a good amount of money to the 401K since I go with the maximum allowable.
One other option - If I could hold off for a couple of years, I could delay SS until 65 and even with no income, the difference between me working and “contributing” to it, versus not for the next 2 1/2 years only amounts to $100. Would probably need to work somewhere for that time frame.
Actually, I’ve been pretty happy with my job of late, and would like to continue, but that is all dependent on what that idiot in the White Hut decides to do. We are, though run roughly like a private company, a part of the US government and as such, are subject to rogue executive orders and such.