Quote:
Originally Posted by allus70
From Smart Money
The wild card is health. Retirees with life-shortening illnesses might be better off collecting early. Determining how each illness affects the equation is beyond the scope of this column, but Mr. Shoven offers a rule of thumb: "If you're healthy enough to work at 62, you should probably wait as long as you can to collect."
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For me, the final paragraph says it all. If there was some sort of guarantee similar to some annuities that your estate would recover some total amount by you electing deferred SS at 70, then all of this return on investment advice would make better sense. Otherwise as Liebdoc says, you're gambling on a long and healthy retirement and could easily lose it all.