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Thanks for pointing that out. I've had some trouble logging into my account to doublecheck my notes from a few years ago. I was able to get back in tonight. My early benefit is 2,064 per month, so it's gone up a bit. I guess that would push my breakeven closer to 80.

I think there are two separate issues here. 1) I want to claim early because I like the idea of getting $100K cash before I'm 66 in exchange for a 5K per year less benefit long term. My breakeven is at minimum age 82, longer if you consider potential investment income from the $100K. 2) The...

Because I don't have any job stability at my age in my profession. It gets harder and harder to keep jobs every year due to my age. Also, I'm very close to maximum benefit, so a few more years of high income won't increase my FRA benefit. I'm thinking of taking it early to have it as a backup...

Well, I've got $24,000 a year coming to me at age 62. My FRA is 66 and 4 months. So, I receive $102,000 extra if I declare early. If I forgo the $102,000 and claim at FRA, then my benefit rises to $29,000 a year. If I divide 102,000 by the $5,000, that equals 20.4 years. So, at age 82.4 I...

Thanks, that make sense. I have another question. I have read that if I claim early at 62 and earn $100,000 a year in W2 income until full retirement, then I won't be paid by SSA. However, when I reach FRA, all of the money they withheld will be given back to me, amortized over my expected...

Hi. I'm a new user. I will be turning 62 toward the end of this year and am trying to decided whether or not to claim early, or wait until FRA, which for me is 66 and 4 months. To kick things off, I'm strongly considering claiming at age 62, despite the fact that I continually read that this...