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In every situation where I've done it, a present value calculation of SS payments shows that it's much more prudent to take the money at 62, not later. The small increase one would get by waiting takes many many years to make up for what they would be getting by starting earlier. Waiting until 66 usually takes about 15 to 18 years before that decision becomes positive. In every calculation I've done, waiting until 70 NEVER pays back.

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