[kjam22]

Well... I don't need the income. It will be extra money. If you put her 62 value and her 65 value into a spreadsheet (she's been retired 7 years) and project forward... it takes 8.5 years to get even on the money. She'll be almost 71 before taking it at 65 catches up with taking it at 62. The real question is are we going to need the extra 4 or 500 a month after that. The answer is no. Its not a suckers bet to take it at 62. It is the right decision.

In my situation, you take the money now and travel with it, or whatever. We don't know what our future holds.

[kjam22]

And when I say it takes 8.5 years for the 65 value to catch up with the 62 value... that’s assuming you don’t reinvest the 62 value. A person could take the 62 value and invest it in a real investment earning a much better rate of return than the SS investment percent. I didn’t even factor that because its not my strategy.... But it could be for some.