Social Security Timing: Age 62 vs. 70

I did a few follow-ups to this video you may want to see, including changes in life expectancy: Part II: https://youtu.be/f1Bzp44gVcQ Life expectancy too high? https://youtu.be/fjv3too8yMg Social Security going bankrupt? https://youtu.be/9J0q01hsXBU

I was able to retire at 60. Started to draw SS at 62. Tomorrow is promised to no one.

Got fired at 52 in a field that age discriminates openly. Became addicted to having free time to do WHATEVER I WANT WHENEVER I want. Learned to live on less. That’s the key. Get out as soon as you possibly can. Buy less. Need less. Live more.

I retired at 58, took my benefits at 62 and now at 75 have never missed the extra money, would do it all over again the same.

Retired at 57, do not, and will not ever regret doing so. Quality of life won’t be worth much after age 80, or maybe even 75. Time is the most precious resource you have, and all the money in the world won’t buy you more.

The break even point is about 77 years. I decided to take my SS at 62 when I am mobile and want to travel and see the world. By age 77, my health will be declining…not worth the wait! No use being the richest person in the Assisted Living Facility.

Anyone who worked physically hard 30 years can't keep moving until 70! Knees, back, shoulders, neck, all shot! Who the hell thinks 70 years to full retirement?

Delay if you like your work. Don’t delay if you like your freedom.

I took it at 62 and dont regret it!

Here's a brief anecdotal example: My best friend from high school and I have birthdays 15 days apart. I chose to start taking my SS payments at age 62 since I was already retired (ie. unemployed) . He said he would wait until he turned 70 since he was still working so that he could get the maximum SS payments for the rest of his life, despite my advice to do what I did. He died of complications from prostate cancer 9 months before his 70th birthday. BIG win for the federal government. Lesson: don't take the suckers bet and gamble on the long gain, no one knows how much time they have left.

I took it at 62 while I'm still in excellent health and physically able to enjoy an active retirement.

My wife and I were living comfortably on the money we made from our pensions but couldn't afford to travel the way we wanted to. Taking SS at age 62 put an extra $2,500 in our pocket every month. I don't see it as breaking even when we turn 78, I see the extra 8 years of fun and travel we had that we wouldn't have had if we had waited.

lost me at 92 and 94 life expectancy, i know 2 people that lived that long

My break-even age was 81. My parents, grandparents, and great-grandparents lived from 79-81. So at 62 I retired, took the money, and ran. I get four checks a month (USAF, Scripps, VA, SS) for doing "nothing" and I've never been happier.

It's not about winning or losing, it's about quality of life. A secretary can work until age 70, a bricklayer or steel worker not so much.

One cannot get medicare until age 65. That is a huge determining factor to my retirement age

62 go for it. Best thing I ever did.

I've been a mechanic all my life. I'm cutting it loose at 65. My body can't take anymore.

I ask people the same question, You find a lamp with a Genie in it. He gives you two choices. you can be 18 and broke or 75 and a billionaire. Just pick one. I have yet to run across anyone that didn't want to be 18 and broke. You can get back everything, but time. Live while you can.

Wife and I retired at 62, moved to Florida... never looked back. It worked for us!