Full retirement age is a confusing phrase but you say benefits don't matter. I am in the post 1960 birth status. I will draw more at 67 than 65 than 62. Is there more to that?
There's a complex way that you can take retirement at age 62 and then give it back if you decide to work or otherwise change your mind, but really, see what happens when you get close. Life is very strange.
I turned 62 last November and my wife just turned 64, so we're right on the cusp of all this. Lately I've been looking at my benefits estimate, calculating our monthly expenses and adding up all the possible revenues from SS, a pension, my IRAs and part-time work up to the limit SS allows.
I could probably retire (mostly) now - it'd be a bit of a squeeze, but I just don't feel like I want to be on vacation for the rest of my life.
Full retirement age is a confusing phrase but you say benefits don't matter. I am in the post 1960 birth status. I will draw more at 67 than 65 than 62. Is there more to that?
You will draw more per month if you wait, but the total amount you are estimated to collect between when you start and when you die is the same.
This is helpful. Having enough money is a problem. Doubt I will do 62 but 65 might work out better to get some $.
There's a complex way that you can take retirement at age 62 and then give it back if you decide to work or otherwise change your mind, but really, see what happens when you get close. Life is very strange.
I turned 62 last November and my wife just turned 64, so we're right on the cusp of all this. Lately I've been looking at my benefits estimate, calculating our monthly expenses and adding up all the possible revenues from SS, a pension, my IRAs and part-time work up to the limit SS allows.
I could probably retire (mostly) now - it'd be a bit of a squeeze, but I just don't feel like I want to be on vacation for the rest of my life.
Yeah. In some ways, I'd be happy to retire today. But then what would I do? I dunno! And I am fortunate that I have a lot of really interesting work.