Remember if you file for SS at 62, you will get the lowest payment, and that amount never goes up unless Congress approves COLAs. In other words, you can’t file at 62, withdraw at 63, and then refile at 68.
Doesn’t matter. The extra 3 years (62 to 65) of benefits more than makes up for the penalty. Figure it up yourself using future worth vs present worth of annuities.
also, keep in mind the bankrupt state of the government. At some point in time they are going to start skimping on benefit payouts. It is a gamble, but there is a chance if you get in now, you will be better off than others who get in 5 years from now once they start throttling benefits down.
I’m still approx decades away from 65th birthday so i’m not the most educated on this matter. But didnt’ they rescind all cost of living raises associated with SS benefits the last few years?