Quote:
Originally Posted by KayakerNC
You have an interesting concept of math.
Life Expectancy at age 62 for a man is age 81.4 (19.4 years), for a woman age 84.3 (22.3 years). Half will make it that far, half won't. For the AVERAGE person, the choice to start receiving retirement benefits early will ultimately mean receiving a smaller total lifetime benefit.
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If the life expectancy is 81.4 for a 62 year old man that does not mean that half of the 62 year old men will live longer than 81.4 and half less. What you are referring to is the median age, not average age.