Same here, I started at 62, worked and paid in for 46 years. I built an Excel spreadsheet and I will probably live long enough to get to the cross over mark. Also, by not having to draw off of my 401K, it has grown way faster than the increase in S/S and since my wife can't draw on my S/S it leaves more money in the 401K for her to live off of if I die first.

I grew up thinking I would never get a dime of SS. Because of that, we always saved for retirement with that in mind. Now I`m 2 years into retirement @ 64 and no plans to use my 401K $$ or other investments anytime soon. A good friend just retired @ 65 and his longtime CPA advised him not to wait to start his SS. He said you never know when they might make changes and if you are already on it, you would be grandfathered in.

Guys - please just think for a moment. If SS was EVER to go bankrupt and be unable to meet their obligations to millions of Americans who rely on SS to live on do you really think this country could go forward? Give me a break - SS will NOT GO AWAY - meanwhile many of you are losing money because you are fearful - once again ........ if you need the income now or are not healthy or have a family history of living not living a long life then take it NOW - on the other hand if you do not need the income now and are in decent health then delay taking it -

I see where over 14 years of being a member here you have posted a total of 26 times - all of us request that you wait another 14 years before your 27th post - nothing but a troll - go away please

I'm convinced that they will continue to push the age back, and even restrict amount certain people get. It will collapse because No body is having kids.

Nobody that pays taxes anyhow…

My SS will be reduced by around 75% by WEP or the Windfall Elimination Provision. So SS is not a factor in my retirement. I have not done the math, but on that consideration of not needing it and not being enough to really matter. I wonder if rather than waiting until the max age to draw one could start drawing it early, but dca the SS into an investment vehicle to ride until that max age or age of choice. Then one could at some future age not only continue to draw the SS each month, but also combine the SS payment with a monthly withdrawal from the investment. Would this be a greater monthly sum instead of waiting until the same age to start drawing SS. Don't know and I'm sure it would depend on the return on the investment, so there would be a level of risk to choose. Yes, I'm over thinking it. It will probably go towards a boat payment instead.

I think it is more about how you have allocated and how the tax implications affect that.

If you intend to keep earning money - wages or self-employment - over approx $21k per year during the 'early' retirement years, probably shouldn't do it. Your early SSA benefits get reduced by 50% of every dollar earned over that $21k. May as well wait until at least 'full' retirement age and take your WEP-adjusted benefit which won't be offset by earnings.