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Of course.

The conventional wisdom is that one should take SS as soon as possible, because SS is going broke and a "bird in the hand is better than a bird in the bush.". It's simple, direct, and doesn't require much in the way of examination or thinking.

If you dig a little deeper, read the relevant research, and learn a little bit about mortality tables and actuarial science, you'll find that by giving you the option to take SS at any age between 62 and 70, the US Gov't is effectively allowing you to buy an inflation-adjusted life annuity for about half the premium that a commercial insurer would change for the same monthly benefit if you wait until age 70. That amounts to about a $200,000 savings for single person getting the maximum Social Security check and $300,000 if you add the 50% spousal benefit for a non-working spouse.


You missed my point but then you are single. The post I responded to was saying the lower earning person in a married couple retire early and the higher earning person retire later. That arithmetic did take into account age of each person in the couple and any job satisfaction or dissatisfaction by one of them. Cold arithmetic doesn't take into account couple dynamics.

PSU
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