Regardless of when people, on average, start taking their benefit (age 62-70), SS will pay out the same amount. On average, people die at approximately age 79. The crossover point is 79 for everyone. One possible way to impact this is to take your benefit at age 62 and invest the money. Depending on your return, the crossover point could be pushed out past age 79. This is really a great feature of SS because you can decide, based partly on your health and family longevity, when to start your benefit. Based on family history, I will start at age 70 unless I develop some health issues.
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Originally Posted by thevillages2013
The break even point for me when comparing the reduced benefits at 62 compared to full retirement at 67 is at 79 years old. I’m rolling with 62 if things don’t change by then
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