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why not take the benefit no matter how much I earn and invest it during the year and then settle up at tax time.

That is certainly an approach. I have looked at this pretty closely and assuming I live into my 80s (I too will be 62 in April) I will collect more of what I've paid into SS if I wait until 65 to begin. If I needed the money I would take it at 62, but I don't.

In my case I think it is wiser (or more Foolish) to take joint lifetime distributions out of my pre-tax investments which should cushion the tax shock at 70 1/2.

Ron W.
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