I was born in 1960. According to the Social Security web site:
Remember, the earliest a person can start receiving Social Security retirement benefits will remain age 62.
If you start receiving retirement benefits at
•age 62, you will get 70% of the monthly benefit because you will be getting benefits for an additional 60 months
So am I better off waiting until I turn 67 which is the full retirement age for those born in 1960 and after? Or is it a crap shoot? If family history has anything to do with my decision...my mother died at 67; my dad is still going strong at 83. He retired at 62 and started collected Social Security right after he retired, so he has been collecting SS for 21 years.
|