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Most of the discussion on whether to collect SS at 62 or wait has looked at total long term returns. The answer in that context is clearly a no-brainer - take the money and run.

But what if you will actually need the SS income to live on? Is the analysis different if SS will be, say, a third of one's retirement income?

Is there any circumstance in which it might pay to use some savings to delay starting SS (e.g. if SS were 50 percent of expected income)?


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