E. Pluribus Unum wrote:
I waited until my full retirement age but looking back on it I should have taken it at 62.
At least this way I can work/earn all I want with no penalty on my SS benefit.”
Why would it have been better to have taken it at 62?
The time value of money and the time needed to make up the difference ?
I started taking my SS at 62, but I have metastatic prostate cancer (spread to my bones in 8 spots). Talked to my CPA son, and he said I’d have to live until I was 79 to reach the break-even point. That is very unlikely, plus I get to use the money now.
Also stated getting a very small pension from a job I had for 7 years when I was in my late 20s to mid 30s.
Yep. Even when you make up the difference after 10 or 15 years you made it up in dollars that were worth less.