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No. of Recommendations: 1
Let’s suppose a person decided to take SS at age 62.

Let’s assume that the person invested the SS income, and was able to realize a gain of, say, 5% per year. And did so for the 8 years before reaching age 70.

Sure. Lets also look at the possible case of investing the SS funds in the market and losing a good chunk of it, then still getting the reduced amount after those losses. Let's remember that SS is supposed to be insurance, a catch basin to try to keep retirees out of poverty: The Social Security Act and related laws establish a number of programs that have the following basic purposes: To provide for the material needs of individuals and families; To protect aged and disabled persons against the expenses of illnesses that may otherwise use up their savings;...

By waiting until 70 you max out your insurance.

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