Plenty of options there. If someone has a plan to do it at 62, go for it. That lower percentage will be locked in forever, though. I’m watching a current worker go the distance - 70 years old will pay out higher than the 100% at age 67. It all depends on circumstances.
Actually it does not get locked in if you are still working. You get one “do over” if you think you made a mistake.
My family typically does not maintain a long life past 70. Both my parents died at 60, grandmother at 75, aunt at 73. But they also lived hard laborious lives. Not saying mine has not been, but hasn’t been like theirs.
I can submit my application to start drawing in November. Most I have read that in order to do this it is best to have a secondary source of income to draw from, be ready to reduce spending, etc. I have a small business and am actually looking to hire and then cut back on my involvement in the business.
Eventually, it may be sold when I am 67. So their is a plan in place. In the meantime draw from SS and invest for later use.
But the truth is ...I’m tired and worn out. I have done pretty much all I have wanted to do in my working life. I am mentally ready to move on to enjoy the few years I likely have left. God willing.