This examines the issue in isolation.
Useful, but doesn’t take into account everyone’s situation.
There is also a break-even point, that may be 10-15 years out.
And of course, if you are not living on SS alone, you can invest it.
In that case, take it early.
Why the different FRA?
You have to think about what you can do with that money by filing before 70 - against how long you expect you might live.
Unless we already have an unhappy diagnosis, none of us knows how long we might live.
Bookmark.
And thank you for adding this. :)
Yeah right, the government wants you to wait until 70 so they can give you MORE money!
No, they are hoping you’ll be DEAD and never collect a dime.
Turning 70 next month. I have already collected (and spent) a whole bunch of money over the past EIGHT years.