Quote:
Originally Posted by getdul981
I am already on RR Ret and the only time I paid in SS was for a few months before working for the RR and the time in military. I don't see the benefit of taking the 4 years of SS if you're just going to pay it right back when you get to be 66. If you can survive without SS for the 4 years, why not just quit work at 62 and not apply until you are 66?
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One reason is that the government is basically giving you a zero interest loan for 4 years. For example, if I get $32,400/year between my wife and I, then in 4 years I will have $129,600. However, if I take the $32,400 and can get 4% (no easy task these days), then in 4 years I should have $143,100, a gain of about $14,000. This is an option that is legally available to all. In fact it was told to me by social security.