My wife, Jo, started receiving Social Security as soon as she could. When she wondered aloud how much larger her checks would have been if she'd waited, I said, “It makes no difference! You are already four years ahead of the game.”
When we applied at the local office, the agent kept reminding her of the big raise she would get if she waited until full retirement age, or better yet until she was 70. Stop with the hard sell; she wanted it at 62, period!
Why did she take it early? To illustrate, I did a little investigating on the Social Security Administration's website and used its retirement planner. Continue reading "When Should You Take Social Security? 62 or Full Retirement Age?"