No. of Recommendations: 4
Goofyhoofy writes,

The thing I never see mentioned in this debate is the "utility of money", it's always about the "quantity of money."

If you're wealthy enough to delay taking SS until age 70, what's the "utility of money"? I assume nobody in that position would delay taking the monthly SS check if it would put crimp in their lifestyle. It's really more a financial optimization exercise.

The bigger problem I see is that most people aren't going to be able say that their life expectancy will differ enough from the median to make a difference. A few people will have serious health problems that definitely argue for taking SS at age 62. And a few people will be in excellent health with parents and grandparents who lived to be 100, making delaying to age 70 a good bet. Everyone else is in that middle grey area where 62 vs. 70 based on your life expectancy isn't much more than a coin toss,

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