The Social Security program in this country has undergone many changes over the 82 years since it’s inception, but I’m not here to decry manipulation or the theft of public monies by corrupt politicians. I’m looking at whether I should “retire” at age 62 or wait until full retirement age of 67 (yes, it’s 67 now). To run the numbers I used:
This calculator gives you a personal estimate of what your average monthly Social Security benefits would be, based on if you retire early (age 62), at full retirement age (age 67) or at the latest age of retirement (age 70). This one accesses your S.S.A. data to give you an accurate payment amount.
And
So. Sec. Benefits by Year of Birth
This chart uses “average” numbers to help you make a decision without going into your personal info. Here’s how it shakes out for me.
Continue reading “Social Security Shell Game: File Early or Wait?”