Skip to main content
No. of Recommendations: 0
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

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.