[SamAdams76]

I'm not sold on the "take it early" argument. The difference is pretty significant. I'm on track to earn $3,007/mo if I can wait until FRA at 67 (just 9 years away). Taking it at 62 is $2,107/mo. Waiting until 70 gets me to almost $4,000/mo.

That's a huge swing. $48K per year vs barely $25K a year (or $36K at FRA). And that's not including my wife's Social Security or my 401k.

If I live to be 90 or more, I'll be happy I waited. If I die earlier, I won't care about missing out on the money because I'll be dead.

Guess it depends on how healthy I am when I turn 62 (depressingly just four years from now).

[bankwalker]

I couldn’t have said it better Sam.

[marktwain]

I'm not sold on the "take it early" argument. The difference is pretty significant. I'm on track to earn $3,007/mo if I can wait until FRA at 67 (just 9 years away). Taking it at 62 is $2,107/mo. Waiting until 70 gets me to almost $4,000/mo.

Much depends on how much you enjoy your job.

I had a good career, and overall felt productive.

As the bureaucracy aged, and became more burdensome, the job became less enjoyable.

I got out at 62 and started doing what I enjoyed and was passionate about.

I would not trade that time. It has been wonderful.

[CaptainK]

If you started at 62, by the time you hit 70 you would have already accumulated $201,600 in SS payments.

I’m getting it as soon as I can while I can.

[Shethink13]

Taking it at 62 is $2,107/mo. Waiting until 70 gets me to almost $4,000/mo.

$2100/month x 96 months is a little over $200,000 that you’re NOT getting. If you take 4000/mo at age 70 and die at say age 72 that’s less than half that amount and probably most of it will be spent on health care and or assisted living. If you live until you’re 68 you get NOTHING. Not to mention there’s no guarantee there would be anything for you by then anyway.