Quote:
Originally Posted by BobKat1
My wife and I started taking SS at age 62 for many of the reasons mentioned here.
As luck would have it, it turned out SS was a wonderful supplement during the worst of the recession when other investments were on a roller coaster (mainly down!). It gave us a nice cushion and eliminated the need to go too deeply into other retirement savings during the late-'07-'09 period.
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Another consideration. SS can be a great safety net. The good thing is if you do not take it at 62 you can start it when ever you need to. Like wise if you wait until 70 the extra dollars can be very helpful and are not subject to investment risks.