Age you started Social Security?

[Jeff H]

If you retire early at age 62 you would get roughly 70% of what you would get at normal retirement age (which is 65, 66 or 67 depending on when your were born). If you wait until 70 or older you would get 25-30% more than if you retired at normal retirement age. That's all assuming SS is still around when you do decide. If your family medical history shows a pattern of living longer, then it might be worth waiting. Both my grandfathers passed away in their late 70's early 80's but my grandmothers lived to 96 and 100 so that's a really big spread to be hedging against. There is no easy answer but looking at the SS information they send you each year and going to the website to look into it further might help you plan it out. Some people get bored quickly, others don't. I never planned on SS being there so I started putting money into plans a while ago.