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d1h

Indiana

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Posted: 05/16/21 08:46pm Link  |  Quote  |  Print  |  Notify Moderator

Anybody retire at 62? Might as well in order to at least get some social security before it runs out of money.

mowermech

Billings, MT

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Posted: 05/16/21 08:50pm Link  |  Quote  |  Print  |  Notify Moderator

I did. Now, I'm 79. I suppose if I had waited, my check would be bigger.
But, what the hey, it makes the mortgage payment...


CM1, USN (RET)
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trb46

Central Kentucky

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Posted: 05/16/21 09:12pm Link  |  Quote  |  Print  |  Notify Moderator

I actually retired (the second time) when I was 58. I decided to take Social Security at 62 because I thought that Congress would somehow screw it up. So far they haven’t. My monthly check is lower but my peace of mind is intact.

RedRollingRoadblock

Oregon

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Posted: 05/16/21 10:23pm Link  |  Quote  |  Print  |  Notify Moderator

62 years and 9 months. Don't miss it one iota.

Welcome to the world of weekends!

rk911

DuPage County

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Posted: 05/17/21 01:53am Link  |  Quote  |  Print  |  Notify Moderator

d1h wrote:

Anybody retire at 62? Might as well in order to at least get some social security before it runs out of money.

my wife and i both went at 55 (we’re soon to be 71 and 70). no regrets.


Rich
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wa8yxm

Davison Michigan (East of Flint)

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Posted: 05/17/21 04:58am Link  |  Quote  |  Print  |  Notify Moderator

Retired younger started SS at 62.. It will be a long time before SS runs out of money.. in fact Congress owes SS over 2 Trillion that they "Borrowed".


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2005 Damon Intruder 377 Alas declared a total loss
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pitch

NY

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Posted: 05/17/21 06:20am Link  |  Quote  |  Print  |  Notify Moderator

Retired at 56, took SS at 62. first couple of years I took day work and a couple partime jobs. Decided that I did not want commitment and a schedule, since then I putter around, travel, play with the grandkids,nap,and whatever else I feel like doing.
I have proudly enjoyed being a taker for the last 7 years,and I hope to take much more in the next 20 years.

way2roll

Wilmington NC

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Posted: 05/17/21 06:21am Link  |  Quote  |  Print  |  Notify Moderator

The doom and gloom of SS running out is hype. If they stopped SS it would be a financial apocalypse. There is such a large percentage of consumers on SS that it would be a total economic collapse if that revenue stream just stopped. As far as retiring or waiting, any financial guru will tell you to wait, the benefit is larger. But I have seen a lot of people struggle physically to make it much beyond 62 to make waiting worthwhile. I figure, I've worked my entire life and will retire as soon as I am able. If you can afford it, why keep working? Unless you love your job that much.


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ken56

Tennessee

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Posted: 05/17/21 06:24am Link  |  Quote  |  Print  |  Notify Moderator

Retired at 52 and started my SS at 62. I had to under the terms of my retirement. Still I would have elected to take it at 62 and collect the reduced benefit over a longer period of time....God willing I live that longer period of time. Roll the dice...life is a gamble anyway. The thing is, everyone is different and your finances are just that, YOUR finances.

fj12ryder

Platte City, MO

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Posted: 05/17/21 06:46am Link  |  Quote  |  Print  |  Notify Moderator

I started at 63, and they figure you break even at around 73 years old. After that, you start benefiting from waiting til full retirement age. Roll of the dice.


Howard and Peggy

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