Quote:
Originally Posted by on2wheels52
I'm going to start drawing at 62 (seven years) if that option is still available. Seems like leaving money on the table to wait to 65 or later.
Jim
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Hate to break it to you but the the "full" retirement age has been going up
And to draw at 62 you'll take a bigger hit (25% reduction versus the previous 20% reduction). I think your retirement age for "full" unreduced benefits is now 66 not 65.
Here's a chart that explains it:
http://www.ssa.gov/retire2/agereduction.htm