No. of Recommendations: 2
(Peter:) There are an awful lot of people who won't starve if they wait to collect Social Security. Instead, they'll keep working.

The risk for that group is to take SS early and treat it like lottery winnings. They keep working and all the SS benefit goes to finally getting the lifestyle they always thought they should have.

Then a few years later, their health intervenes or a layoff comes or something else happens that forces them to stop working. Then reality hits.

That actually is probably the most foolish (small f) option out there.
If you have to keep working, assuming you make over $15,000, your benefits are reduced for 50% of the excess. And if you're taking reduced benefits to start with, it just doesn't make sense.

I'm 60, and benefit significantly from being on the company health plan. I'm tentatively planning to do what others here have done - retire at 63-1/2 and go on COBRA for 18 months, at which point I'll be eligible for Medicare, and can get a reasonably priced supplement. Assuming that The Marketplace doesn't give a better option than COBRA.

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