As long as you can do a Withdrawal of Application at age 70 and start over if you're still in good health, it makes no sense for wealthy people to delay their benefits.I started taking Social Security at 62. Before I did, I tried to compute the discounted present value of all my benefits depending on when I took them. Maybe my math is bad, but I didn't come up with meaningfully more money down the road by waiting, and I didn't do any sophisticated actuarial analysis which would quantify the "I could get hit by a car at age 69" factor.Mostly, I was afraid of the government "solving" the SS problem with the "Lucy with the football" approach.I goes like this:"Charlie Brown... if you wait another year to take your benefits, I promise I will give you more money"So you wait a year and then you hear "Charlie Brown... if you wait another year to take your benefits......" Fool me once.Bird in the hand, I say. The Withdrawal of Application thingie is just the icing on the cake.
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