jwalsh07 wrote: “Exactly. The actuaries are not morons”
The social security website tells you that the payouts take into consideration life expectancy. The average beneficiary will not benefit from delaying payments since, on average, their increased benefits will be offset by the amount of time they receive the benefits.
If you take the benefits at age 65 as opposed to waiting until age 70, you will be ahead of the game unless you live beyond age 84.
Yes, I have done the math. My wife will outlive me by a good many years. A gene thing. So at 65 ,I have no intentions of retiring until she can max out my benefit which will be higher than hers based on her earnings. Unless my back craps the bed for good. :-)