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TwoCybers writes,

Tas your monthly payment will be somewhat larger every month you want from age 62 until age 70. So unless you just do not want to accept government money, you should start taking payments at age 70. There is pretty good agreement on a few points. If you are in poor or not good health starting early may make sense. If you expect to live longer than the USA average, waiting until age 70 will give you the greatest benefit. You can Google and see several places where the "break even" age is shown. Bottom line is simple, if you live longer than the break even age, delay is better.


It doesn't make much sense to delay taking SS until age 70 when you can do the Withdrawal of Application strategy.

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