I have a personal finance guru coworker who advises taking it at 62, investing it in an S&P 500 Index fund and let the money grow at 11% avg annualized return vs. the 5% SSI rate.
“I have a personal finance guru coworker who advises taking it at 62, investing it in an S&P 500 Index fund and let the money grow at 11% avg annualized return vs. the 5% SSI rate.”
This is the correct answer!
I’m a dolt so don’t understand.
If I was making $100,000/year and was 62 would I get any SS if I started taking at age 62?