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Thread: Your 3 biggest Social Security questions answered
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Old 02-12-2015, 08:59 AM
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dewilson58 dewilson58 is offline
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62, 65, 67, 70..................When to start SS???

For years I've been told......"Wait, Wait, Wait, you will get more. It increases 8% by waiting. Etc, etc., etc."

But, if you do the math and take SS at age 62 and take less funds out of your retirement savings...........the breakeven point is out to the mid-90's age range. Mid-90's!!!!, not low to mid-70's.

Taking SS early appears to be a better solution if you take into account your retirement savings balance(s).........letting your funds (more funds) earn 6%, 7% or 8%.