Quote:
Originally Posted by dmcummins
I’ll be turning 62 in May, so I went ahead and signed up to start taking SS then. I retired at 50, but now I’m really feeling old.
I’ve read all the advice about when to take it, but unless you know when you are going to die and what return you get on your investments, it seems like a crap shoot.
I don’t need the money to live, so I figure id rather have it now. And longevity doesn’t really run in my family.
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FYI: Here's a 9 page thread I started last year that has a ton of info:
http://forums.pelicanparts.com/off-topic-discussions/987797-when-start-drawing-social-security.html
Indeed everyone's situation is different so this is not a one size fits all deal.
All I can say is I'm
very happy with my decision to start drawing last year at 64 - 2 years before full benefit.
The other piece of advice to always keep in mind is while MONEY is an important component to achieve happiness - you only have so much TIME left in your life. And the older one gets - the more TIME becomes the largest consideration of how to navigate through one's golden years.
Enjoy - you've earned this!