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Which situation would you rather experience:

If you take it at 62 because you plan to die at age 83, but instead live to 93.

If you plan to live past 88 but die at 70*

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Great question. I think the point is, in an ideal situation, you're trying to maximize SS, not just to make ends meet. So if you don't take any payments until 70 and then you die at 70, that's worst case scenario. If you start taking payments at 62 and live until 93, you've been getting payments for 31 years. I'll take that scenario!

Now if you're struggling to have enough to live on, even WITH social security, maybe the situation is different, but even if you started taking payments at 62, you're still getting SOMETHING at 93...perhaps you just have to adjust your standard of living because you've lived so long. Alternatively, if you're in that situation, how are you going to make it until 70 without taking any SS payments?
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