Should I Take Social Security at Age 62? || The Perfect Time for Taking Social Security

[@lilliankerr-z7c]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@Sebastian_Marcos]

Facts not everyone has access to this kind of information. Lack of knowledge can definitely make people panic. it's amazing that i’ve been able to make over $687k passively through investing with an advisor! Having a great wealth manager can really make a difference, regardless of how the economy is doing. Keep up the good work!

[@alex-Yolan]

At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an adviser, as this allows you make smarter investing decisions.

[@LeylahCollins]

This is definitely considerable! Alex think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@alex-Yolan]

Hey Leylah My CFA is ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@LeylahCollins]

Thank you Alex for the lead, searched Grace by her full name and at once spotted her consulting page, she seems highly professional having over 22 years of experience. amazing!

[@henrysmith8012]

I was able to retire at 62 with a state pension of 26 years and pension of 65 dollars a month from another job. I started receiving mine months ago at 62. I now bring home more money than when I was working. It's great. Another reason I took mine early is, the federal govt has been stealing from SS for years and our current govt wants to abolish it and they will at some point. Take it early before it's gone, ITS YOUR MONEY NOT THEIRS.

[@ronaldroberts4058]

Your state retirement money is not yours. It belongs to the citizens of your state. State and federal government employee pensions will bankrupt this entire nation, one state at a time. You should NOT be allowed to collect more in retirement than you did while employed if you were a government worker.

[@markpeters5550]

They been saying that for 30 years. Fear is a liar

[@politicallyfukked911]

I get mine but I have had it for 12 years now but I don't know if it's smart to get rid of it because it is for people that would have no income and they could be investing it in things but they could lose it and then nobody is cool.

[@everythingtheynevertoldyou5082]

I appreciate your comment. I am happy you made the right decision for yourself. I try to help people get the most out of their investments into social security. I also try not using fear as a motivator.

[@kareemmobley3343]

@@markpeters5550 what's the average life expectancy? age? what's the chances of you living until your 78? That's past the average life expectancy. How big is the 78+ population? if you live that long what quality of life will you have, physically, compared to 62? from the age of 62 til 78, 16 YEARS of getting your 70%, how much money will you have gotten? If you happen to make it to 78, how many more years do you have left...quality years? The SS is designed to entice you to wait and get more because they are betting on you to die so they don't have to give you anything. If you take it at 62 and only got 1700 a month, in n16 years you would have received $326,400. Wait til 78 Years old, chances are you don't have 16 more years left. You probably won't have enough years left to have received 300,000. And if your bless to live that long to see it, you'd most likely be to tired and feeble to enjoy it. Fear is a liar but not the only liar. not referring to you personally

[@josefizquierdo6139]

I'm planning to get whatever they give me at age 62. Hopefully, if I'm still alive then, I can continue working, doing something that I enjoy, at my own pace and using my own schedule. 😉👍

[@robertcrump8022]

yes you can work but it is severely limited on how much you can make

[@reglook1]

@@peterfrankenstein3244 Ty, you are correct.

[@nala3038]

@@peterfrankenstein3244 incorrect, it’s 67

[@tracymurray9798]

As poor working class bachelor I'm takin it at 62 have everything paid for by then work part time enjoy life while I'm able to get around . that's the plan anyway

[@marimartinez7351]

Stay safe and enjoy. I am also single and doing 62. Have fun

[@lyndadavila5540]

I’m a single 62 yr old & took my Social security plus I work part time! I took it early, because who knows if by 65, 67, if it will see be around

[@tbizzy3606]

I say take it when you can, tomorrow isn't guaranteed and the social security fund really isn't guaranteed, so grab it while it's there.

[@donaldheine6243]

My brother retired at 62. Collected 2 social security checks had a stroke, and died. Only 2 male cousins both died before social security age. This is why I'm hesitant to wait till 67. Even though I am in better shape than all of them. There can be a huge difference in quality of life you have at 62, vs 67. I would like to be able to retire and stll be able to do some things. I don't know how long I'm going to be able to keep it up.

[@oscarmayer9823]

Everyone is different and the type of work they do also. If you’re referring to office or white collar work then why wouldn’t you keep working, but if you’re a blue collar worker that has subjected your body to physical labor and usually subject to the elements of cold and hot weather most of your lives then you’ll likely be wanting to retire at an earlier age. Because bones ache and our bodies break down as we age. Just another point to consider when talking about retirement.

[@everythingtheynevertoldyou5082]

Agreed, that is why I say retire and live off your savings before touching social security.

[@cherylroberts3569]

I agree 100%

[@Digital_Photog1995]

We took ours at age 62 and no regrets. Everyone needs to evaluate their needs, then make an informed decision. JMO

[@robertmoss440]

Me too! You get more money if you wait, but too old to enjoy it. 😂

[@goblack2africa54]

PEOPLE LISTEN! No one knows their day nor hour your life comes to an end. Simply put if I take at 62 and receive $1000 after 30% deduction vs waiting til 70 where I receive $1300 a month, at 62 collecting until 70 I accrue $96k. Those who waited till 70, they make $300 more a month but I got a jump of 96k. How long does it take for them to catch me up with only $300 more a month. 🤔 you guest it 26 years ok will you live until 96 yrs of age? They don’t tell that it benefits you not government to collect early, it’s more of a strain to pay everyone early. Tomorrow’s not promised folks enjoy what you worked so hard for NOW!

[@johnscott2746]

Not even close. Your figures are completely wrong. Collecting at 62 penalizes you 30% of your full retirement age benefit. So getting $1000 means that your FRA benefit would be $1429 at 67. Waiting until 70 increases this by 8% per year so an additional $343 . Making your age 70 benefit $1872. Also you get the cost of living adjustments for the 8 years and they are figured on your higher benefit amount. So you most likely would draw more than $2000 per month which is double your age 62 benefit. The bottom line is if your health is good and you can afford to wait then you should! I retired at 61 and I am waiting until 70 to draw my benefits. I have plenty of money and all of my family has done the same thing and it’s turned out fine. No reason to think it won’t work out for me.

[@danielwaltersakapops1955]

62 and have a part time job works good for me. I don't know if I'll live to 65 or 80.

[@adoracioncosta9865]

That’s what I think too. Today’s day… you never know. Better use some then nothing at all.

[@michaelchason9170]

I'm debating. I gross about 1200 a week and would reach 17,000 quick

[@woodswalker64]

That’s what I plan to do. SS, plus working a couple of days a week works for me at 62. Not waiting to 67, that’s crazy.

[@TheEtbetween]

I agree get your money when you can! It your money! I am not wait a day later!

[@TheEtbetween]

@@woodswalker64 💯! You right !

[@annathompson8613]

It is the right move. We did it 10 years ago and are enjoying life

[@cornpop7176]

I'm 37 and I'll be lucky if I can take social security at 95 at the rate these politicians are selling out future generations

[@tmastersat]

After this generation no one will be able to take it till 67

[@nala3038]

@@tmastersat more like 75

[@reglook1]

The government can print more money and put it in Social security.

[@cornpop7176]

@@reglook1 you can only print so much until it is essentially worthless. Many other nations are vying for the top spot that the US dollar holds as the world economic currency. Since we keep devaluing our currency it wont be long until someone else takes our spot

[@119jle]

We all worked 40 years. Step up lazy.

[@anthonyrametta2413]

Took my social security at 62, have no regrets. I was retired, and had a great pension from the state. He talks about if ur in great health and have good family genes, wait until full retirement. My wife's family had great longevity, parents and grandparents lived into 80s and 90s, so someone u'd think would make it beyond 78. Well, she gets breast cancer at 60 and dies at 62, amd never had a chance to even collect it at all, so that's why I took it, u don't know when ur gonna die, take it while u can!

[@Toesucker26]

I couldn’t agree with you more I’m 56 and I feel like 76 .!!!! If I’m blessed to make it to 62 I’m going to take it .!!! Not a second thought about it.!!!!!

[@drumlover1687]

So sorry to hear that. Your story reminds me a bit of my father. He could've retired at 60 but he didn't want too. Worked until his plant closed at 65 at which time he did retire. He was dead 13 months later from pancreatic cancer. So you couldn't be more right.

[@lorastroupe3477]

I retired at 62 don't regret it 1 bit

[@matt75hooper]

All you govt Hacks in here bragging. You should simply say "Thank you taxpayers out there. I'm just another govt hack slug sucking the system dry."

[@helenbrooks4787]

Exactly right, not only that, you lose 30%, but you are still getting 36 extra months of pay.Nobody knows when their time is up, you could die before you hit 65.You could die at 67, like my dad did, even though my grandparents, his parents lived to 100, and 99.If you die at 67, you only got 2 years of your pay, if you got it early, at 62, you would have gotten 5 years pay, which is more, even with the penalty, than you would have gotten at 65.I don't buy the genes, and living longer crap anyway.My grandparents ate mostly fruits, and vegetables, and were thin.My dad ate exclusively meat, and potatos, burgers, and fries, or steak and fries, and was overweight..Your longevity is all about your health, and your health comes from your eating, and exercise habits. Stay healthy, and take your retirement money as soon as you can, because you just don't know when your time is up.

[@jackbradshaw9027]

I’m single and 62 but had cancer at 58. Self employed my whole life. I took my SS asap. I can still earn up to 20k along with my SS and I do have some retirement money and equity in my home. My rationale for taking it early was I didn’t need to retire from a big job. Many people have told me I’m foolish but many people don’t have a clue what my life is like post cancer I may or may not live to 78 I hope I do but who knows so there you go that’s my story

[@everythingtheynevertoldyou5082]

SSDI is differetn and makes sense to take early. Know that when you reach your FRA (full retirement ag) you can suspend your benfit and it will grow at 8% per year up to age 70!

[@tngerman]

Any money you earn over the 19560 that ssa allows will be withheld BUT given back to you @ your full retirement age😊

[@donphillips3439]

The way this country is going you might want to collect at 62 because the government might not have anything to give you if you wait lol 😆

[@everythingtheynevertoldyou5082]

Please make your decision on facts and not fear.

[@kailic3605]

I started getting mine at 62 and glad I did

[@sandramayes8679]

That's what I was thinking ...

[@motherearth1147]

@@everythingtheynevertoldyou5082 fact : future is unpredictable! Take the slap now and peace is 50%

[@ralphholiman7401]

Well, with inflation running crazy it will definitely be worth a lot less the years to come.

[@Peaceofmind7071]

For me, I pay off the house asap, then I take it at 62 even with zero savings. I can live with 25% less SS money with no house payment. That is my plan ( If I reach 62) Let do some math. This is my case. I suppose to take it at 67 for 1799/ month. If I take it at 62, that will be 1267. The different is 532. From 62 to 67 is 60 months. The total amount I receive is 76020 if I take it at 62 to 67. From that point on, I have to live 11 years and 10 months to offset the amount I suppose to lose to break it even. By that time, I will be 67+11=78 years old. Each month after 78 years old, I officially lose 532/months. Nobody knows what happen tomorrow. Life is too short, take it at 62 and enjoy while you can.

[@eddiemoore8468]

Can’t see waiting very long. There is no guarantee now long you’re going to live. If you can live on what you get , go for it.

[@hopeking3588]

You dam stright if you wait too late you won't enjoy it

[@renadarutti2827]

Take it!!! I didn't plan on emergency open heart surgery. Glad I'm taking it for bills.

[@earlmorton6265]

Yes! It would take you 12 years to catch up to what you lost. Don't listen to somebody who already has enough to get by It's your money. You'll get around $300.00 difference if you waited. It would take you 12 years to catch up to what you lost. If you were to live that long. It's up to you. It's your money.

[@Flushing35]

Actually 16 years break even at 78 so take early invest some an enjoy some or all of it no guarantees how long you will live.✌️

[@benjaminlopez6389]

I agree with you, it’ll take some time to get back what didn’t get.

[@johnscott2746]

@@Flushing35 your math is off. Waiting until 70 to collect means an 8 year wait to break even, not 16.

[@Flushing35]

@@johnscott2746 No 8 years are what 62-70 but in those 8 years say get 1000 per month that's 12,000 per year and 96,000 give up if you waited so start collecting at 70 won't make up till around 78 minus starting at 62 that's 16 years and could be longer if you start investing some of the early money.

[@johnscott2746]

@@Flushing35 sorry but no. Collecting at 70 it takes 8 years to break even with what you would have gotten had you started at 62, no matter what your FRA benefit was. As for investing, most people are horrible investors . Besides in order to invest your Social Security you have to have another source of income to live off of. This source will probably make your Social Security taxable and of course any money your invested Social Security makes will be taxable too. You will never be able to match the guaranteed return you get from waiting to collect,

[@noodengr3three825]

62 is in view for me, a matter of months. I plan on taking SSA as soon as possible and enjoy the extra income while still young to enjoy it. It will nicely increase my monthly income from annuities and dividends . I don't earn enough from my part time job to impact the payout.

[@rickjensen2833]

If i wait till 67 and still work full time to pay my mortgage, can i still get social security.

[@1160rooster]

I retired at 62 3 years ago and I have the best time of my live with my family what I did before retirement started building my extra income on real estate 3 years before and done no money issues so far the happiest man alive.

[@everythingtheynevertoldyou5082]

Great to hear!!

[@onlyhuman3767]

$100 or $1000 a month.. The biggest mistake humans make, is we think we have time.. live with in your means

[@patward8542]

I decided to take my SS at age 62. Because I was divorced and stayed married for at least 10 years, I was able to collect some of his SS benefits for the years we were married (26). I don’t intend to remarry so I can keep collecting those benefits. So I get a good monthly amount. I do work part time but not making that much. So far, it’s working beautifully. Just got to be careful how much I make.

[@joycecantrell4478]

Did they tell if you go to your social security at 67?

[@nala3038]

@@joycecantrell4478 what??

[@jimmalley]

Tomorrow is never promised... take the money!!!

[@motherearth1147]

👍👍👍

[@NYR11949]

Amen!!

[@drumlover1687]

Amen brother!

[@drumlover1687]

Having worked as a journeyman machinist for close to 40 years, with close to 25 of those years in a 2 piece can manufacturing plant working as a maintenance machinist until it closed in 2015. The work day night was 12 hours, 7 to 7 am or pm, half of each year. Factor in all the overtime and holidays worked, or the weekends,( which were also half of every year). The work was hard, and the the conditions were not great. It was demanding and physical work. Hot, dirty and extremely noisy. Now at 62, I'm at that same decision point like many others. One big plus for me was I was fortunate enough to have earned a pension for my years of service, which would give me more combined at 62 than at my full retirement age without it. Tough decision, but the future is guaranteed to no one.

[@119jle]

We don’t need to know all that. Take a deep breath. It works for you. Say no more

[@slolife14]

I would be bored to death if I didn’t work full time. I get bored on my two days off. (I’m 62) planing on paying off my house by 67 and taking SS then. I’ll still work but cut my work hrs to 3 days a week and travel. If God gives me life that’s the plan

[@simplifiedlife8607]

You have no hobbies or interests outside of work? Wow, I can't relate to that.

[@earlmorton6265]

If you're physically healthy at 62 and don't want to retire...wait. If you're not...take it at 62.

[@kathleenphillips7145]

I believe it depends on a persons physical, mental and financial health. I took mine at age 66 and continue to work a full time job as well as another part time job. I’m in pretty good health so plan on retiring when I’m 72. My grandmother died at age 96 and my grandfather at age 103. My dad died at age 90 so genetically I’m most likely to live into my 90’s.

[@michelleruffin6903]

How? You weren’t penalized for still working all those hours?

[@Juicing369]

​@michelleruffin6903 No penalty if you wait till full retirement age. For me, that's age 67.

[@jacksonmorganfroghin4815]

I waited til I was 66 and I'm glad I did. I was able to work full time until I was 71. And with good genes and healthy lifestyle I hope to live as long as my father who died at age 96. My monthly payment from social security is 30% more than it would have been and now at age 77 and rising inflation I need that extra 30%

[@Diana-gn8rp]

I’ll take mine at 62, and if my husband passes, I’ll switch to his which is a lot more than mine.

[@motherearth1147]

You are gold digger 😉

[@rokyericksonroks]

No, the SS rules allow this and she should do this to max out her benefits.

[@ShesMrsSunshine]

Look I may not live to 62.. my sister died at 58 never seen her 401 or her SS and we have good genes and she was healthy until she got cancer died one year after diagnosis

[@rokyericksonroks]

My sister did likewise. A long term career at a law firm until she lost her life to cancer at age 56. Never collected her SS. You just never know what twists and turns life will bring you.

[@lldavidbanks8701]

Social security is just like winning the lottery and getting the payments in installments, you're not guaranteed to live long enough to get it so you want to do it earlier, it doesn't make sense to wait till you get it, because the average lifespan of elderly people has fallen and no one's guaranteed to live long,a lot of people who receive social security don't have a nest egg to fall back on, so they want their benefits early, they struggle through tough times and are subject to dying earlier than expected or have some kind of ailment that makes them take it earlier, it's their right to take it when they feel like it, because they are the ones who put into it anyway, so they have every right to withdraw the money 💲 for themselves to have a better life.

[@markdayoc3907]

No one is promised tomorrow! I choose to draw at 62. Retirement choices are like gambling! I’m not a gambler I like to think I make wise decisions!

[@E-stylz-1967]

63 and move to the Philippines with the wife. Cost of living there can't be beat.

[@billd9667]

Since I’m healthy (now) and working, I’ll start collecting at 70. If I die at 72, does it matter? I’m not going to be whining about what I didn’t get, because I’ll be dead

[@rosalindauchi]

My husband and I retired at age 62. We were able to travel because we were still healthy, if we waited for 4 yrs more, that’s where my husband became sickly.

[@adoracioncosta9865]

I’d say take at age of 62, keep working if you want and just live your life, taking vacation enjoying while you can.That’s what I’m planing to do.

[@tedmccarron]

"When," not "where."

[@nala3038]

@@tedmccarron what are you? An English teacher? SMH

[@tedmccarron]

@@nala3038 actually I was for Chinese kids.

[@Mike232-j2p]

Take it at 62 by the time somebody waits till their 70 and can say they made more than you it would be years before they actually do because you would have been thousands ahead of them and we all know the average age that a male or female dies time enough in the grave live life to the fullest

[@nala3038]

Anybody who waits until 70 is an absolute fool!

[@trinawestcoast8719]

There is no guarantee I will be here at 65! I have a nice 401k, and a company pension I will be ok. I have a small house in Louisiana we’re the cost of living is lower than California. ✌️ I am out!!!!!!

[@everythingtheynevertoldyou5082]

Agreed, life is not guaranteed and if you are single it may not matter. Check out my video where I respond to this comment "I respond to your comments".

[@michaelc4060]

What if you want to enjoy life a bit before you can’t? After 72 most people just watch tv, play cards then croak. That don’t cost much.

[@everythingtheynevertoldyou5082]

Agreed! That's why planning can help you see from where you should pull your assets.

[@michaelc4060]

@@everythingtheynevertoldyou5082 I can't argue with that. I never planned to fail, I just failed to plan.

[@rickcampbell546]

No one ever mentions the cost of medical insurance if you retire early

[@everythingtheynevertoldyou5082]

Agreed! It can be very costly. thank you for watching and commenting.

[@julietbrown3906]

@@everythingtheynevertoldyou5082 Can you provide some information on medical insurance

[@Mountainmomma420]

Money isn’t everything! Enjoy retirement!!

[@tngerman]

Why do you need insurance ? The illegals get medical free

[@daisy4750]

@@tngerman Yeah, if your illegal you get medical free but if your a citizen you don’t.

[@treesamichael3779]

From my experience take your social security as early as possible if you have a pension and saved up some money in retirement account. It’s BS all these financial advisers say that your income is going to be less. Not so.

[@everythingtheynevertoldyou5082]

Thank you commenting. I would love the opportunity to show you the numbers and try to prove it is not BS.

[@treesamichael3779]

@@everythingtheynevertoldyou5082 Not in my case and a lot of people in my situation. Now I need to worry about taking money from my retirement accounts for fear of my Medicare premium going up. If I leave it for my children, they will end up in the highest tax bracket for the 10 years they will be taking that money out. All financial advisors say what you are saying because they only care about beefing up their pockets.

[@Dbb27]

@@treesamichael3779 you really need to do more research.

[@motherearth1147]

@@everythingtheynevertoldyou5082 you are wrong sir!

[@MC-pl3vs]

Bad advice. Many today do not have pensions. If you do, your blessed.

[@lostagain2992]

If you know what you’re doing take it at 62 and invest every single penny of it.

[@everythingtheynevertoldyou5082]

If you are still working that is difficult, if you aren't working and don't need the money why not rely on the 8% deferred credit and the 3% cola?

[@MC-pl3vs]

I'm currently 62 and working. I have every intention to wait until I'm 65. Even with a substantial retirement fund, I'm waiting. Great advice and I hope folks are listening 👏👏👏👏

[@Dbb27]

I waited as well and very happy I did. You do need to be aware full retirement age for you is now 66.5. SS loves people to take their SS early.

[@kathymyers7279]

Good for YOU. I have no other income and CANT work.

[@Dbb27]

@@kathymyers7279 look up Judd Albring on KZbin. If you can use a computer there’s possibly some extra income for you. He has multiple videos on legit companies that hire remotely. I just saw one of his that tells what skills you need to get hired. May provide some extra cha ching for you.

[@paulhailey2537]

HOW MUCH IS ANY AMOUNT TIMES ZERO ? WELL , IT'S ABSOLUTELY NOTHING

[@larrymcdonald5219]

I have a pension and a 401k but I’m still taking SS at age 62. If I needed an extra 30%, why would I have stopped working? People who need to wait until 67 or 70 because of financial reasons they should absolutely do so. It’s a personal decision for everyone and living to 80 is not something I’m going to bet on.

[@ruthwmson322]

Tomorrow ain't promised to you, we don't know how much longer we will live. Live life now, take the money.

[@everythingtheynevertoldyou5082]

Not for everyone but you do what makes the most sense for you.

[@edwardnakagawa8437]

YES, I WILL ! AT AGE 61 !

[@everythingtheynevertoldyou5082]

Unless you are disabled or a widower you have to wait until 62.

[@nala3038]

Can’t get it at 61

[@chrisbjarkman]

How about if your a Fire Fighter who retired at 50 under Florida’s high risk HRS benefits. Im now 55 and living only my monthly Florida state retirement and had planned on collecting at 62. I’ve never heard of people receiving decreased amounts basis retirement benefit income? My county health care covers me till Medicare kicks in. I figured any decrease in SS benefit I don’t really mind and believe it shows currently I’d make $1,800/m at 62 and I’d have to live a long time to make up for that loss of added monthly income.

[@sandra84398]

I did early be cause I had a friends husband who retired drawing social security for just had just retired. 6 months later he died he didnt' get to draw off of what he put in there.. Now of course his wife got some of it.. So I said why wait & started drawing right after 62.. so where does all that money go that you put in there that you don't get because you die.. Hello they take it.. stupid might as well draw it out.. HELLO....

[@jesusglopez8430]

Very Educative and Informative, Thanks for sharing.

[@robertgregory1927]

Great review, thanks.

[@everythingtheynevertoldyou5082]

Thank you for watching and commenting.

[@madelinemercado6850]

Thank you so much. Just subscribe, I need to learn lots , I am will be “63” next month and still working

[@Dbb27]

For those who are not accepting this man’s advice think about what has gone on with Social Security recently. The Full Retirement Age (FRA) has been moved from 65 to 67 (with some variations depending on your birthdate.) This has added two years of the SS being able to reduce full benefits. The Social Security Administration has NOT changed the early retirement age, it’s still 62, because it’s a total win for SS if you take it early, especially if you live a long time. You also cannot earn over roughly $19k if you’re collecting early benefits and if you must work part time to make ends meet you most likely will never truly retire. While many have pensions or other investments and it’s not the only income those people have more options. Those without need to think long and hard about taking early retirement if they are well. Maybe look at just changing jobs instead of retirement.

[@MegaTattoo69]

It's because the bureaucrats want you to die before you are eligible to receive the benefits you worked all your life for!

[@ralphmajor1947]

I was forced to because of health reasons I'm fine with that 🙂!

[@jsphillip60]

Very well done and useful summary!

[@imeldazaragoza5256]

I’ll get it at 62 with my retirement and enjoy life.

[@fetch33]

So what do you do if you have a family history of a disease which can strike in your 60's? I am inclined to take SS at 62 because I don't know how long I will be around. My sister retired at 65 and within a couple years was afflicted. I have enough in my investment accounts to live comfortably.

[@Deaftractor]

I work as city for 16 years. I’m deaf and I do SSI. That city don’t using social security retired. But city using 401K plan retire. Current I’m 55 yrs old. It start slow down. My body start hard time to keep up hard work active outside. My future is blind. I don’t know what happen future because I’m deaf very difficult to learning from hearing employees retired. There no way to accessing communication with them.

[@dianaspy6733]

Let’s go Branden

[@thomasgallegos2832]

I'll probably wait till 65 if I'm in good health but if there's a chance I could die I'll do it at 62.

[@LLJR]

What happens if you retire at 62 but later on say at 67 you go work part time at Walmart greeting

[@sasbeachs]

You can work even after retiring at 62 you are allowed to work you can make up to $18,000 a year. After that they text you a dollar for every $2 you make. Medical is what u have to beware of.

[@johnscott2746]

If you are 67 then you are at full retirement age and you can make as much as you want. They won’t take any of your Social Security. But if you make enough you might have to pay tax on your benefits.

[@chipwells1352]

Well, I live in Louisiana with retirement from the school system. I work other jobs, so I payed in to social security. If I had not done this, I would not get anything. Now here is the funny thing. I only get a third of social security. I'll take it early. None of my family has lived past 75.

[@conniebennett6646]

My mom retired from the Monroe city school system. And she was shocked to fine school employees basically get cut out of a lot of ss benefits.

[@chipwells1352]

@@conniebennett6646 Ouachita Parish here!

[@sharonpope1737]

I think you should take it if you retire at 62 just save your money

[@melodyhess1683]

I got at 62 I’m done ✅

[@christyq1230]

My SS statement advises me in 2035 ,I will ly receive 80% of the current projected amount. I would be 67 on this year. Why should I wait if my early retirement amount would = the 80%

[@tmastersat]

Take it dont wait.... add up what you would lose by waiting.......and calcuate how long you might live.......take it

[@simplifiedlife8607]

So typical of these financial advisors. My full retirement age is 67.5, so by retiting at 62, I get 5.5 years of owning my time, which is by far our most valuable asset. I have no guarantee I'll be alive tomorrow, much less at 78. In 10 months I will be 62 and will start collecting S.S. and working 2 days a week. I set things up by downsizing and cutting expenses, and will hold off as long as possible dipping into my 401k. The advisors put zero value on having free time to enjoy life and pursue what you love, as opposed to toiling at some job until you're too old to enjoy retirement.

[@stevegonzales3612]

Who are you to decide what's the right move!?!? Every individual has their own reasons to choose when and/or why for that matter taking S/S at 62, 67 or 70! I am (8) months short of reaching (62), and though I entertain myself on all the KZbin videos...not a single one of (you's) will persuade at what age I decide to draw.

[@everythingtheynevertoldyou5082]

I am only a CFP® who has spent the last 25 years working with over 1,000 retirees and I have seen the effects of drawing your benefit too early. That's all.

[@randystockton624]

If you have done hard physical labor all your life and your body is broke down then 62 sounds real good. Everybody situation is different depending on your physical health even if your very healthy who knows you could wake up one day and find out something bad is wrong with u.. Drawing at 62 that's 5 more years of Drawing money you will never get back even if you are very healthy and I am at 58 years old but when I think about going another 5 years all I can think is DAM I don't want to wait that much longer. I may go until 64 and that's it for me I will start drawing...

[@UncleGingersChronicles]

The 62 years old of my Era are not living to 85-90 like our parents and relatives did. I think the V will be a key factor plus most of us ate poorly and have conditions that will soon creep up on us. We have foot in the grave.

[@johnscott2746]

I’m almost 63 and run 10 miles three times a week.

[@UncleGingersChronicles]

@@johnscott2746 You're either a retired P.E. teacher, retired Drill Instructor or an exceptional human being. Maybe all three. 💪

[@johnscott2746]

@@UncleGingersChronicles thanks!

[@MargaretHill65_]

I thought about taking SS at 62 but I’m on disability and I’m 63 now . I was a housewife always and never worked outside of the home . My ex is retired RailRoad so I’m trying to wait until I’m 65 but I do have lot of health problems . I’m single as well . Should I keep waiting ?

[@donaldhenry8506]

I R S has me paying in from 13 years old, I’m taking mine at 63 just to get an extra 200. I won’t a life to share and help others . And be free to serve God . Not to make someone else richer. If I wait for 70 my life will be spent.

[@marcusyanez5240]

I’m 59 will be 60 in 3 months… good to know…. Thanks

[@mannyruiz9011]

65 for me, sell my house and go back to southamerica with $3500 a month and $300 thousand cash 💰 live like a king down there.

[@everythingtheynevertoldyou5082]

I love it! Ex pats tend to do better in retirement, they are happier, have more disposable cash, I wish you the best! Thanks for commenting.

[@mannyruiz9011]

@@everythingtheynevertoldyou5082 thanks, 3 more yrs for us.

[@jeannep320]

I’m considering the expat life too!

[@jayterry7291]

Don’t come back

[@sharonpope1737]

@@jayterry7291 lol

[@annecaulder9495]

Does the SSA even send a paper statement anymore? IT'S ONLINE NOW, PEOPLE!

[@adoracioncosta9865]

Can I take at 62 and still keep working if I’m healthy? That’s what I was planing to do.I’m single.

[@johnscott2746]

There are limits on income if you do that. If you go over the limit, they start taking back the Social Security. This stops when you reach full retirement age and they refigure your benefit so you don’t actually lose the money they take back. If you are healthy and want to keep working you might’ve better off waiting to collect Social Security until after you retire. Your benefit goes up every month while you wait.

[@adoracioncosta9865]

Thank you for the information and advise.

[@michaelchason9170]

Money is cut after 17000. Depending on gross income looks like

[@jamesbower1446]

Take it at 62 and invest it all in (T) 8.18% reinvest dividends and your money doubles in a little over 7 yrs. work rule 72:) In my situation I’m making a extra $500 at what I would get at 70:)

[@julietbrown3906]

Can you please explain what you mean by invest it all in (T)? What is T?

[@edwoolsey5107]

@@julietbrown3906 ticker T which is ATT

[@johnscott2746]

AT&T is cutting their dividend soon. The price of the stock has gone down enormously . There are a lot better stocks to invest in.

[@edwoolsey5107]

@@johnscott2746 maybe 🤔

[@johnscott2746]

@@edwoolsey5107 well they announced it over the summer and it’s supposed to take effect in February. They are spinning off some of their businesses and current stockholders will get shares in the new companies. That’s the only reason I am hanging onto my shares. But dang it’s hard to watch it drop like it has.

[@paultaylor2689]

I'm taking S S. At age 68 due to me wanting to complete another retirement! So it's all depends on your situation 🤔!

[@roysheaks1261]

I took mine at 62. Tomorrow is not promised to anyone.

[@tim6167]

I think you should if I’m good health. Gonna be a lot of money over the yrs if you live a long time.

[@kr5289]

Crazy to wait you'll never gain back what you will loose by waiting. He must work for the government.

[@blairboyd5617]

I don't believed this guy really understand the intricacies of social security benefits at all, the system is a big ripped off. All the other countries in the entire world which deal with social security benefits, once you reached the age to get your benefits. If some countries is 60 once you born in certain year,you get your full amount of money 💰 which is due to you. Only the United States want to taxed you twice, they set the system to benefits the organization. Not the people them who worked towards their benefits, and they go back and taxed you. All other countries once you are retired from working, and doing apart time job. All the money is yours, only the United States want to taxed you again. That means you will never come to nothing under their dictator system, how this guy is talking about something. Which he is not a recipient of the the system, the government knows. That millions of people will never lived to 70 years old,,and if they take their money at 62 years old. You should get your full benefits, but they used trick to take away people money 💰 by means of false pretenses. The whole scenario is all fraud, because if 62 your benefits is matured. You should get the maximum amount, why pay you 70% and keeping 30% .The whole scenario is a trick, where they are obtained money by means of false pretenses. It does not matter what this guy is saying, that is a trick, to defraud people out of their money 💰. By writing these clauses and by laws in order to defraud people, the whole social benefits is nothing more than scamming people out of billions of dollars. Millions of people who paid into the system for years and, never lived to get a one cent out of their contributions. Millions of people contributed to the social security programs, and because they does not have any form of documents. They cannot files for any form of benefits, so that money gone over to the social security system.

[@brianchisnell1548]

Take it and run

[@ronnieyoung7510]

The 62 I'm all done working you don't know if you're going to be around might as well get the money instead of them getting it

[@jamesseaman6919]

You can stuff it! How many people wait until age 68 or later to retire and shortly after they die! Social security pays almost nothing!

[@everythingtheynevertoldyou5082]

Ivan! That is great, you definitely did not take it at 62, way to go!

[@everythingtheynevertoldyou5082]

Don't work till 68, retire and spend your IRA first.

[@ralphholiman7401]

Now an inflation is running wild, I think it's an even better deal to go ahead and take your money at 62. That same money is going to be worth a lot less in five years.

[@everythingtheynevertoldyou5082]

Actually Social Security pays you COLA even when you haven’t applied.

[@ralphholiman7401]

@@everythingtheynevertoldyou5082 , there's been more inflation in the last month, then the entire cola for 2022.

[@jamesbrackett575]

Don’t know if I’ll live to 63

[@hopeking3588]

I'm 62 next month!

[@petertosh4748]

Happy birthday 🥳

[@csu111]

If you aren’t concerned with getting covid 19 from coworkers, and are ok dealing with people and their issues these days (and traffic commuting), and don’t mind spending what you’ve saved until you reach 67 then by all means wait…..

[@Scarlettbankergirl]

I get to work from home, no commute, no stress and good money.

[@sandraromero5568]

Is SS keeping up with inflation?

[@everythingtheynevertoldyou5082]

Not quite at this point no, but when it is tax free it does a better job than most 401ks.

[@user-yv1fh3fc8y]

If you take it out early you can reinvest it into something that would appreciate in value. Also, You are beating inflation by getting it early. This young buck doing the video just wants you to wait to make sure that he has Social Security when his time arrives.

[@michaelchason9170]

Wonder how much insurance is people mention that comes out

[@JESUSISLORDFOREVERMORE888]

Hahahahaha, yep.

[@m.s.3923]

Well, I am 59 years old and have been working since I was 9 years old. In my Uncle and Aunts restaurant. I've worked (and played) hard all of my life. My body is falling apart. My father worked hard all his life, never called in sick. Then he retired, he waited! And then he died, almost as soon as he retired. I am not going to do that. Maybe if you worked in a cushy job all your life, you can do this. Working people deserve to "REST" when they get older.

[@bubbahottep8644]

Take it at 62, get paid every month 'til you check out. Take it at 77, get paid 180 less months.

[@johnscott2746]

Why would you wait until 77? Benefits don’t go up after age 70. If you wait until 70, you get 96 less checks but the checks you DO get are substantially more. A general rule of thumb is that whatever you would have gotten at 62 would be more than doubled at 70, due to credits and COLAs.

[@rokyericksonroks]

No! Whatever you do, do NOT delay past age 70. That is the maximum amount SS will ever pay out.

[@stevenchurch8751]

Thanks for the video…How do we reach out to you for the free analysis report

[@conniebennett6646]

U said if you were born AFTER 1960. I WAS BORN IN MAY 1960. DO I GET MORE THAN 70% if I apply at 62?

[@Dbb27]

I think you get less.

[@johnscott2746]

If your birth year is 1960, then your full retirement age is 67. Taking your benefit at 62 is 5 years early and they penalize you 30% for those five years. So you would get 70% of whatever your FRA benefit amount would be.

[@heribertoulloa7995]

@@Dbb27 75%

[@Dbb27]

@@heribertoulloa7995 thank you for the info. The rules change; people need to just go on their website or make an appointment to view their situation. And apparently if you don’t like the answer go to someone else because the first person may not have been correct.

[@josephberlin3723]

I’m taking mine at 62 because I receive a pers pension already they take 30% away because of that.we don’t even know how long ss will be with us anyway.

[@Afib95]

I’m glad not really but I became disabled at age 50 and took my Social Security now I had work for 30 years and put it into the system so I’m not worried about the fact that I didn’t pay it but now from 2011 to 2022 I make just enough to be for.😂❤

[@vjr5261]

I’m taking it early. My parents never got theirs. I have a right to it.

[@southerninfidel3141]

Man makes plans while God laughs........take it !!!

[@martinha2856]

Better sooner than never!

[@everythingtheynevertoldyou5082]

Not for everybody.

[@Bootsie-r6m]

I did and I’ve been getting s.s. For 23 years. Worked for me. I’m still foing

[@everythingtheynevertoldyou5082]

Your comment is the exact reason why I recommend delaying. 23 years! You would have earned nearly twice as much had you delayed.

[@gregoryrandall4819]

I took mine at 62 SS was implemented for age 62 And should receive the full amount Because we live longer the age was raised for full amount The government had no right to do this and nobody fought it The other issue who is the government to tell you how much you can make Or loose part again nobody fought this SS also should not be taxed SS is your money set aside for you as a helpmate when retired I despise the government !!!!! Not the government created by our ancestors but destroyed in 1865 Thanks to Lincoln an admirer of Karl Marx and fails union officers created the Republican Party were Marxist,the Republican Party was a socialist party to begin with the Wilson a progressive destroyed the democrat party .the goal was to take control of both parties and the have thanks to the Dixie crats who went to the Republican Party and made it a Conservative party but have been destroying this by the Lincolnite Rhinos .Lincoln Stepped all over constitution , cause over 750,000 deaths to create a nation state all powerful centralized government A socialist republic The government controls everything, owns your state and you it is your God Politicians are the nobles and we are the servants. Remember this on Presidents’ Day When people praise a tyrant We were a state sovereign constitutional democratic republic And government worked for us