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JonathanRoth writes:

In our position, we decided I'd take my SS at full retirement age, and DW would take half of mine and switch to hers when she reaches 70. The break-even point compared to our both waiting until 70 is in our early 90's.

A break even point in your early 80's may be worth waiting for, break even in early 90's, much less likely of both of us reaching that age.


Social Security's Primary Insurance Amount are actuarially adjusted so that the cumulative amount of PIA is received by all recipients at the average life expectancy regardless of the age that they claim benefits. Currently, this somewhere between 80 and 82. This is the break-even age for those claiming at 62, FRA, or 70.

How can the early 90s become the break-even age if you both claim benefits at 70?

One's monthly Social Security benefit includes all COLA adjustments from age 62 to the age that benefits are claimed. I claimed benefits at 68. As a result my break-even age is 77 when I will have received more in benefits than I would be claiming at age 62.
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