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Reasons for taking Social Security at 62.
- Thread starter testdepth
- Start date
That's it. Don't depend on anyone. If I had, I'd be broke. Always prepare for the future. If you make it, you'll be glad you did
My brother took his at 62. He died at 66. My sister took hers at 62. She died in May this year at 67. Another sister took hers at 62. She had a stroke at 65 but survived.
You aren't guaranteed tomorrow. So if you can afford it, take it as soon as you can.
You aren't guaranteed tomorrow. So if you can afford it, take it as soon as you can.
You have to ask yourself 2 questions.
1-Do you have enough?( Financial stability ).
2-Have you had enough?
If the answer to both questions is yes, then take it at 62.
If you are healthy, game-fully employed and love your job, then there is no need to take it at 62.
1-Do you have enough?( Financial stability ).
2-Have you had enough?
If the answer to both questions is yes, then take it at 62.
If you are healthy, game-fully employed and love your job, then there is no need to take it at 62.
Glad u are doing well! I remember I was going through the exact same thing with you about the same time!
When I found out that I was going to lose part of mine because of my retirement fund, I wanted to kill someone! I couldn’t believe that I had been that stupid and not understanding through my whole working career!
But I took mine at 62. I did have to pay some back one year.!
I feel you I work for the carpenter local 225 most of my young adult life paid in every week I do have a sizable amount of retirement fund there, but when I inquired about my retirement statement, they told me that it would be 15% deduction for whatever amount I requested, and that is certified letter comes with the check that you have to send to your friends at IRS, when I inquired there there’s another 33% that I will have to pay on what I receive so do the math 33% +15% TAX!!!
But if you want a real kick in the nuts, I was told that during Covid, which I’ve never had they pass some kind of low that during that time you could draw without a penalty, so I could’ve drew all my money out, received all my money and I had to pay all this tax!
America, another communist country!
WOW. Then you could've rolled it over in a Roth. That's what I did
I retired at 59 so starting SS at 62 just seemed to make sense.
Retired at 54. Took social security at 62
