Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
I started my SS at age 62. My wife (7 months younger) took hers at 62, too. We chuckle about the two "paydays" because my payments automatically hit our checking account on the 2nd Wednesday of each month and hers do so on the 4th Wednesday.

Yes, starting SS at 62 means reduction, but we wanted and needed it and it made sense in our calculations. Do what works for you.

Check with Social Security to get the facts. You can do that on line or by calling or visiting your Social Security Administration offices. Do NOT depend on rumors or "I heard X..."

Her own SS would have been very little, so she took advantage of the "spouse" benefit. She receives approximately 50 percent of what I get, now reduced at 65 because of the $88 or so taken out for Medicare Part B payments.

Good luck.

Vermonter
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement