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Thread: Delay Social Securiy
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Old 05-20-2012, 08:39 AM
bandsdavis bandsdavis 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.
Richie, I did exactly the same calculation and made the same decision. For me it was age 78 where the "breakeven point" came.