[Leaning Right]

The break-even point is somewhere around 78 years of age. If you take Social Security early, you are ahead of the game until you hit 78. After that, you are better off financially if you had waited.

For me, it was a no-brainer. I took Social Security as soon as possible, at 62. Because:

1. I don’t know if I’ll make it to 78.
2. I’ll be spending more money now - when I’m younger - than when I’m older.

Of course I might have a different opinion when I’m 95. We’ll see.

[A Navy Vet]

"The break-even point is somewhere around 78 years of age. If you take Social Security early, you are ahead of the game until you hit 78."

My math came to about 73 if I had waited for full repayment. Anyway, I suggest to anyone over 62 and not working to get their contributions back soonest. It's your money. However, be aware you have to pay yearly taxes on SS payments as yearly income. Not much, but it sucks.

[catnipman]

“Of course I might have a different opinion when I’m 95.”

if you make it to 95, it really won’t matter ...