Taking social security at 62, 67 or 70? Let’s break it down with these numbers. 62 - $1800/month 67 - $2400/month 70 - $3000/month The difference between taking the money at 67 instead of 62 means you miss 5 years of $21,600/yr which comes out to $108,000. By waiting until 67, you only get an additional $7,200 per year. Take that $108,000 divided by $7200 and you get 15. This means it’d take 15 years to break even, putting you at age 82. Let’s say you wait until 70 for the maximum benefit. The same math we worked above comes out to 12. Meaning it would take 12 years to break even, putting you at age 82. So here’s my question and why I think the answer is so clear and obvious… Would you rather have money at 62 or 82? Comment below and let me know!