At 62, if I retire now, I get $1150/mo. At 65, I get $1625. At 67, I get $2350. Big diff. But by 67, it (SSI) probably will be either collapsed or run-dry.
Right, I took it at 62 also.
But that has no bearing on the fact that you have to pay income tax on part of those benefits if your taxable non-SS income is more than the gov’t. thinks you deserve.
You have to calculate the difference over time and find out where your break even point falls. Five years, for example, at the difference between your 62 rate and your 67 rate. If you wait, how many years away is your break even? Do you reasonably expect to live that long?