[Bonemaker]

Take it at 62...if you wait until 70 or so you won’t break even until your late 70’s. If you don’t need it at 62 take it anyways and dollar cost average it into good investments or give it to your kids or some humane society.

[marktwain]

Take it at 62...if you wait until 70 or so you won’t break even until your late 70’s.

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Yes. If you bank the SS money you get from 62-66, or later, in an account where you get 5%, your income will be the same at 66. Plus, you get to keep the money that you put in the account- it goes to your estate.

When you die with SS, you do not pass anything on to your estate.

[cherry]

I've not taken my "benefit" yet...still working part time, and I'm 64....

I do not want to give any more to Uncle Sam than I have to...

many people look at the 62 age thing WRONG....

if your goal is to get "every single penny " back, then file and collect at 62...

but if your goal is to be financially well ahead, to keep active, to keep your social contacts, to keep your health insurance, life insurance a little longer, working late makes all the sense...

because one can make far more money WORKING than collecting the measly SS handout....far more....at least I can...

[FreeAtlanta]

I was about to ask if taking it at 62 and investing it would be a better option than waiting. It seems like it would.