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Old 05-19-2012, 06:47 PM
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skyguy79 skyguy79 is offline
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Quote:
Originally Posted by RichieLion View Post
That's what I did. I figured how much money I would get taking the money at 62 until I turned 66; and then how much time it would take to make up all that money I didn't get for those 4 years with the increased payment.

It turned out I would be at least 76 years old until I broke even, and then I would at that point start getting ahead by a few hundred dollars a month.

I figured I'd take the money while I'm young enough to enjoy it.
This was the same basis I used in deciding to take my SS at 62. If one is fortunate enough to live to 70, can you imagine how old they would be before making up the benefits they would have lost over the 8 years between 62 and 70?
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