8 GOOD REASONS to File for Social Security at Age 62

Lane Martinsen gives 8 good reasons to file for Social Security benefits at age 62 as well as 8 good reasons to delay filing for benefits.

[TK-ffkc]

Dad died just before his 80th birthday. My mother inlaw who was rarely ever sick died mid 70's. I am planning on retiring at 62, might as well enjoy life when you have your health.

[kristopherdetar]

I turn 62 in 3 weeks, my SS starts in December. Both of my parents died at age 68. Yep, I’m claiming it early.

[jayf]

My wife and I are both 72. We retired at age 60. It was always part of our plan to take our SS at age 62, which we did with zero regrets. If you can or want to wait, that's up to you. It's a personal decision and the math is easy to do if that's important. For us, the decision was easy. It wasn't about the payback or the breakeven. It was about life. We didn't work all our lives to not enjoy reaching the finish line. We wanted to enjoy our retirement and use OUR money to live our best life in retirement. We're both healthy but you never know about the future. What good is a fatter SS check if waited too long and now you're unable to enjoy it?

[BrettTwinSavage]

I was an essential worker with Health and Human Services on the frontline during COVID. A years or so after the crisis, I turned 62 and was emotionally and physically spent. I started SS and am fortunate enough to have a state pension annuity with 100% healthcare premiums paid. I hope SS and my annuity lasts as long as I do. The risk of taking SS early out weighed the benefit of waiting. Two years later I look back and realize it was a wise decision. The stress was killing me.

[theRealRobMart]

The biggest issue with health/longevity, does not take into effect how much your body starts to break down, you are not able to drive as far. Your walking starts to go down. Travel gets even harder. If you can take it at 62, you have much more time to do things that take physical efforts

[bayoustateoutdoors]

The break even point is 79……what u gonna do in ur 80s, snow skiing in Co, scuba diving In Caribbean?….I’m taking mine at 62

[Benjamin-tfb]

I came across your channel through this video—case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments..

[BaffySchenck]

I’m on Social Security and Medicare. The thing that happens is yes we got a three point whatever percent increase last year but my Medicare part B payment also went up by $60 a month more than my cola so I actually took a $60 a month cut. I literally made best decisions when i started working with an advisor

[sdthrutheroof]

#8 on reasons to retire early has ME written all over it. I just turned 60. I've worked construction my whole life. My body is starting to tell me that I cannot continue this.

[donnajschmidt]

I’m 62 next week and just learned my job of 34.75 years is going away. I am also in treatment for breast cancer…so I’m strongly considering retiring.

[johnbenn]

One of the best things In my life is to get social security payments at62 I been receiving Social Security for 13years I'm now 75 I do not know how long I'm going to live so it makes sense to get Social Security as soon as possible

[jeffreyjourdonais]

Worked in hospitals for 41 years. Most people aren't going to make it to 79.

[Omonike]

Im 55 yo. Soaking this all in. Plan to take ss at 62. They live long in my family. Aunts 102, 95...
However, i want quality life over quantity monies.

[everlastingarms]

What an endearing picture of your 4-generation family. A deep bow and much respect to your late father for his service to our country. He has left quite a legacy.

Thank you for the information you provide.

[anntrope]

My mother passed away at age 90, my grandmother at 86…I’m 65 . I decided to start receiving soon. If I start now I maybe able to collect for 25 years… if I wait 5 years… then I can collect maybe 20 years. I may get less per month, but collect sooner, & longer. Can invest it, & gain interest. If I wait… I may run out of time, & get nothing.

[LLTization]

Thank you. The part of SS which is so unfair is the continuance of taxes on pensions and SS payments🤨😵‍💫😡

[commonsenseisntcommon]

4 yrs until i'm 62, and if we still have a Country then, i'll be filing!

[terriscalf]

The thing I worry about is having health insurance in those gap years from 62 until 65. Insurance is so expensive.

[mikemiller]

When you are diagnosed with colorectal cancer at 55...me. diabetic...me. major foot problems lol...me. worked in factories since 18 y/o (33 years now with same company, no pension because it was sold). 401 k only savings but over 850k which im proud to have saved. Nine grandchildren to visit. Wife retired at 58. In 7 years im taking mine at 62...wife not sure when. Sure, money, has a huge part in when but so does health and family.

[gimcrack]

I will assist my health starting at age 62. Currently I'm 60 and planning to start withdrawing my SS at age 67. I'm currently very healthy. Each year after 62, I see how my health is doing. If it shows any negative results. I'll start drawing than. If not I'll wait until 67. That's my plan.