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In my case starting to collect at 62 vice 65 meant reciveing an additional 42000 dollars before turning 65. If I had waited till 65 it would have taken about eleven and a half years for the higher benifit to catch up to what I recived. I for one don't know how long I will live but if I get to 75 I am even.

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9y ago
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10y ago

Better is a comparative term. Most people, given the choice, would retire early

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Q: Should I Retire at 62 or 65?
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Related questions

What number is 65 percent of 62?

65% of 62 = 65% * 62 = 0.65 * 62 = 40.3


What is the earliest age I can retire?

The earliest age that you can retire is at 62 years old.


What age group does a person need to be in to be considered a senior citizen?

At the age of 62, a person can retire with social security benefits. Therefore, a person at the age of 62 or older could be considered a senior citizen.


Will you still get your full bebefits at 65 even though you started at 62?

No. The monthly benefit you receive at age 62, plus any annual cost of living adjustments (COLA), will remain the same when you turn 65. When you retire early at age 62 you are basically discounting your lifetime benefits in exchange for 3 extra years of income.


How much money can you make if you retire at 62?

How much can you earn, if you retire at 62 and still work.


How old do you have to be to retire?

between 65 and 70


How do you find out how much you get when you retire at the age of 62?

where can i get info on how much will i receive from social security when i retire at age 62 or how can get in touch with social security


How old was willilam shakespeare when he retire?

he was 62


Do all women retire at 65?

no. and it isnt just women who retire.


What age do most Americans retire?

Most Americans retire between the ages of 60 to 70, with the average age being around 65. However, retirement age can vary based on individual circumstances, such as financial stability, health, and personal preferences.


62 is 90.5 percent of what number?

90.5% of 68.50828729 = 62


What is 62 out of 65 in a percentage?

95.3