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URL:  http://boards.fool.com/social-security-6265-article-12198921.aspx

Subject:  Social Security 62/65 Article Date:  3/14/2000  11:51 AM
Author:  telone Number:  2875 of 19738

Dear Pixy: Thx for a very thorough and well-written article on the subject of social security -- 65 or 62.

Regarding the statement that "taking the reduced benefit at 62 permanently reduces the benefits," mnay I add that the SS rules allow a person who started taking reduced benefits at 62 to exercise an option at 65 (or any age between 62-65) of "buying back" those "before-65-years" by paying back to the SS those benefits previously received and then "upgrading" the benefit to the current time of the buy-back. Thus, at age 64 and 9 months, if a person's "ship came in," the person could pay back to SS the 2 and 3/4 years of previously received reduced benefits, then go on to claim the SS benefits due at 64 and 3/4 years.

Also, if one is happily employed, there is an added SS benefit of 5.5% per year (above inflation, wage gains, etc) for every work year beyond 65 for folks like me born in 1934. This added benefit (a