Quote:
Originally Posted by rydogg58
I'm taking it as early as I can. Simply because I"m not sure how long past 70 I'm going to live. Another reason is when you factor in how long it will take you to make up the lost money from age 62-70, it's just not worth it to me to break even at 77.
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Yeah, I guess you want to take into account your own genetics. If you don't think your odds are good of living a long life, then take it early. But I think there's a risk in that that may not offset the reward for most people.
My family tends to be long-lived, and barring some bad luck I've saved enough to live well until age 70. So for me, taking a delayed social security minimizes my chances of being evicted penniless from a flophouse at age 97.