My fellow Americans (a social security question) — 2 Comments

  1. I would have kept working until 70 had my employer not ceased operations, but I didn’t have the option to do that so I filed when I was first eligible. Certainly it is better financially if you hold off out for the maximum benefit, assuming you’re planning to live long enough to make up the difference 😉

  2. I calculate the breakeven at just 77 years old.

    It’s interesting that some people talking terms of “total money collected”. It seems the most important factor would be whether or not the amount you received was enough to be useful to help you to live on or not.

    Anyway, I guess it’s best I wait. My mortgages will be finished by the time I’m 69. And it is like 46% difference in monthly benefits. Small as they will be.

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