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Greetings, Korchin, and welcome. You asked:

I am 62 years old, retired in good health and currently do not need to depend on Social Secirity benefits.
An article written by a financial advisor in the local newspaper stated that S.S. benefits should be taken at 62 and not wait until age 65. He stated that it would take seven years to make up the difference.
Assuming my life expectency to be beyond age 69, would
it not be wise to defer the benefits?


It might. And then again, it might not. Look at your situation, and then do an appropriate analysis of the issue. Some of the things you should consider are outlined in my article "Take Social Security at 62?" available at
http://www.fool.com/retirement/retireeport/2000/retireeport000313.htm.

Regards..Pixy
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