Depends on your confidence in the future of Social Security based on how long until you would be eligible for benefits.
You know, there is a saying, “a bird in the hand...”
I would want to do the math and figure out how much 3 months of soc.sec. would be, but considering the system may not be solvent in the future, and the fact that it could be used as an investment now and grow to a number larger than that amount would in social security, I’d seriously consider taking it.
Yep, I’m still not eligible for full benefits for nearly two decades at which point it will be bankrupt or dismantled anyway
I wish they loan me everything I’ve paid in already, I’d take it in a heartbeat and forgo ever receiving anything in the future
Totally agree with you.
This reminds me of the options of “borrowing” against my 401(k)
As long as I pay myself back (with interest), there is no penalty. The downside of course is that my portfolio is lower by the amount I borrow, but still....
It’s my money.
Do I want it now? Or later?
I’ve already been receiving SS payments for 10 years now. Leave mine alone. I do just fine with it.