littleb
Recycles dryer sheets
- Joined
- May 29, 2015
- Messages
- 244
I found out 2 of my relatives took social security recently at age 62 instead of full retirement age or older.
One of them said their FA told them ss is struggling and will not be around in the next 10 years or so. i have heard that comment for the past 15 years and it is still around.
Also, the break even point where you will receive same amount (Total Dollars) at age 75 etc. After that age your benefits will be higher if you elected the full retirement option.
So, I see different reasons why someone might take ss at age 62. Maybe if you are in bad health, longevity does not run in the family or you don't have the money to coast from age 62 to FR age.
What age were you when you took social security? Are there other advantages at age 62 vs full retirement age?
One of them said their FA told them ss is struggling and will not be around in the next 10 years or so. i have heard that comment for the past 15 years and it is still around.
Also, the break even point where you will receive same amount (Total Dollars) at age 75 etc. After that age your benefits will be higher if you elected the full retirement option.
So, I see different reasons why someone might take ss at age 62. Maybe if you are in bad health, longevity does not run in the family or you don't have the money to coast from age 62 to FR age.
What age were you when you took social security? Are there other advantages at age 62 vs full retirement age?