No. of Recommendations: 4
This indicates to me that it's a better idea to take SS payments earlier rather than later. Usually I've been hearing the opposite advice,and waiting for a higher payment is my natural inclination. Anybody have any informed observations on this subject? Anybody seeing anything different using this or other data-based simulators?


I'm still several years away from SS, but I think waiting until age 70 makes compelling investment sense given the guaranteed 8% annual return for waiting. (Assuming your health is good and you're likely to live until the break-even age.)

The worst thing you could do is take it early at age 62, and then decide to buy an annuity at age 70 to make up the difference in monthly benefits.

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