Collecting Social Security after 67; How They Feel About It Now 

Have absolutely no.idea how I can be a nurses aid till I am 67. There is back breaking labor involved with this job. I am 55 lifting people who weight more than 200 pounds. I come home exhausted there's no way I can do double shifts anymore. Retiring in your seventies is fine if you have a desk job but if your job involves labor, standing all day and moving things you're wore out by your 50's. I can't do the work like a 30-year-old it's physically impossible. Covid pandemic my age group was told to stay home high risk but yet there I was taken care of covid infected residents. People with any type of labor employment should be able to retire at 55. If I work till I am 70...will be taking care of people younger than me. I take care of people that are as young as 64 with advanced dementia need everything done for them. This whole country is ridiculous people who made the retirement age 67 into existence have no idea what it's like to really do hard days work.

This video was sponsored by the social security admin. They want you to take it at 70, because a quarter of us will be dead. Take it at 62, unless you know you will live to 110 years old. My break even is 80.4 years. If you don’t need it, reinvest it, and get 7 to 10 percent in the stock market. No charge. You’re welcome.

Why don't they ask the people in nursing homes whether or not they wish they took SS earlier?

I just started SS at 62 at 1,770. IF I started at 66 1/2 years old the break even point is 78!! As for me I`ll take my near 1,800 a month to start and maybe become a expat. Or just move to a cheaper part of the USA. Life happens, so instead of fighting it I`m flowing from now on. No more work! I want to finally live FREE! While I can.

More money means nothing if you are dead

My husband took his ss at full retirement age of 66. He didn’t wait until 70, which was a good thing because he died suddenly at age 71. His parents both lived until they were in their 90’s. It’s crazy that people think because their parents lived to a certain age that they will too. Sometimes life does not work that way. 😢

I'm 66. If I collect SS now, my monthly benefit would be $3,313. If I wait until 70 it will be $4,342.What am I missing??? Why would anyone collect at 62? Are people really that foolish???

When I watch these I see the little watch swing back and forth, "wait to 70", "wait to 70" and hopefully die before then. I retired at 62 after 36 years, will take my SS at 65 when the SS + pension take home equals my previous working take home. Also have 401K sitting quietly to take care of any inflation issues down the road. Everyone is different decide how much you need not want before you retire and that is the goal plus a little fun money. My expenses have dropped in a lot of areas since I retired so my income goes a lot farther. Everyone needs to decide their own course.

Taking it later than 62 doesn't have to mean working longer.

All of the comments on this site calling it Federal Welfare, it is not. We paid in to this so we deserve this money. A lot of us would have made more by investing it ourselves but we were not allowed.

Never heard of anyone taking it at 62 and investing it while still working? Wonder why . . .

No way! I take mine at earliest!

When I was working I never asked for a smaller check. What would I do that now by collecting SS at 62?

According to the SS website, my Federal welfare check will be $4,719 per month if I wait until I'm 70. Why would I accept a smaller check???

One good reason to wait is to convert some Trad 401k/IRA funds to Roth when you hit 65.. I.e after ACA age but before RMD age.

These are folks who retired on their own terms and were not laid off in the twilight of their careers. Imagine you are 61, walk into the office, and your manager tells you "sorry, business is cutting back so we have to let you go".

Many don't make it at 62! Many people die before retirement so I never understand why the government is always trying to high up the retirement age?😱🔥🔥🔥🔥🔥🔥😱🔥🔥

My best friend turned 60 on December 2023, and on January 1 New Years Day he passed away with a major heart attack.? Wow!.

One word. "INFLATION"

That's fine for healthy people but if you had health problems in the past, I suggest taking it earlier. I had a heart attack at 54, my wife at 54 was diagnosed with stage 3 breast cancer 1 year ago. Can you guess what age we will take are social security. Research what your odds are living to 70 years old.

Waiting not for me the times are to unpredictable and your not promise tommorow.

I'm taking mine at 65 and 3 mos

No one really knows how much time they have here on Earth, but a fair indicator is your biological parents. How long did they live? When did the quality of their life start to decline to where they were no longer able to care for themselves? My parents were active into their 80s. Dad passed unexpectedly just shy of 81, mom is 83 and still lives independently needing just a little assistance with getting laundry down and back upstairs. Barring unforeseen circumstances I'll take mine out at 70 and continue putting into my IRA.

Check back with them in 3 years, that's how old the video is today. If they're not alive they would be wishing that they took it earlier. Course I guess by the time they're dead it doesn't matter.

A Bunch of Boomers. The rest of us are relying on Politicians not gutting it.

25 of my freinds died before they were 62 had to work with poor health they had cancer or hart problems etc 'worked till dropped dead I myself had to take disability at 62 copd thyroid problems sleep apenia back problems never smoked cigarette but was exposed to a lot of hazardous materials we were all truck drivers working 70 hours a week . If you have a desk job maybe you can retire at 70.

The added benefit might be nice if you wait…but the thought of SS becoming defunct in the coming years was the reason I decided to collect at 62. We are not living in the good old days!!

I'm retired at 60 and no regrets i will draw on ssi at 62 while my dollars still worth something, the break even is about 80 and i lost a brother at 63 and a sister at 37 and if i make 80 and would have gotten 600 more per month if i devide that by the 200 months i will be collecting to that point it would be like 3 dollars per month i would be losing boo hoo. I'd be crazy to wait. And in my opinion everyone should retire as soon as possible, if i knew what I know now i would have retired 5 years sooner, retirement is amazing, no more stress no more boss, besides God and my wife and the wife is easy 😂 tells me to go fishing to get out of her hair, love being able to do what i want for the first time in my life, i will do a little volunteer work on my terms, but there is no regrets, true freedom starts when you venture into retirement, dont wait too long the money's not worth it people.

Will be collecting Social Security at 67 (FRA) automatic change from Social Security disability. I am currently 54

Those are some good looking pensioners

At the end the person says “It pays to wait” - with nothing backing-up this claim. The “reality” is that taking Social Security at age 70 vs. FRA means that you have to wait about 11 years before you have more money by waiting! And if you don’t need the money now- take it and invest it or get a nice 4.5% no-risk CD! You’ll have more money by taking it now and enjoying it now! (A similar argument could be made for taking at age 62 - but if you are working then you may have important tax considerations so I basically recommend FRA for starting Social Security). Of course each case is different and so no one blanket recommendation works- but don’t forget that breakeven and most people won’t live much past 80! 1 June 2023 - SCS.

Is this vid sponsor by SSC department ?

It's all I have after paying from 13 years old.and working for it. Hand to mouth most all of my life. What?

As usual, there's no mention of the time value of getting money early.

American seniors are so greedy. Why all the talk about undeserved Federal welfare benefits? This discussion should not be occurring in a public forum. It is embarrassing!

You have to live to at least 84 for waiting to age 70 to work, and the odds are against you. If you collect $700 at 62, $1000 at 67, and $1240 at 70, you basically give up the money during the years you are waiting. If you waited till 67, you give up $700 x 12 x 5, or $42000, to get $300 more a month, and that takes 140 months to recoup what you give up, that's 11.66 years. So, if you live to 78.66, you are ahead from then on. If you died at 78, you didn't even break even. U.S. life expectancy is less than 78.

Kinda mis leading , take yours at 62 and still work part time and have more time to yourself

I say if you have a laborious job that takes its toll on your body retire as soon as you can - in my case I have a desk job and will start SS at full retirement age and I will continue to work if I get laid off then I will collect unemployment and SS both if I continue working then I still am paying into SS and my rates will be adjusted accordingly- so at age 70 I could save 4 years of SS and my SS rate will be higher than I started at 66 - after all we got a guy in the white house 80 and still working - go after the money

Not near enough information, about each individual, to form an opinion if anyone else might be in a similar situation. For example, i bet Nancy is from money , has a pension, nice 401k or is a widow of someone who was heavily insured, possibly has survivor benefits, or all of the above. Poor job, AARP !

What if that gets you in trouble?

The tricky part with this question is the unknown. You don't know how long you will live to make the best decision. Take it at 66 or whatever full is 62 if you can afford it. If you want to gamble take it at 70

Brought to you by the SS administration.

The break-even point is between 83 and 84 years old. This is the point where delaying to age 70 actually pays off. That's 13-14 years after 70. Some things to think about. 1. Although Social Security payments are COLA adjusted, the rate is never the true rate of inflation as the government always underestimates it to put a positive spin on things. If you take it early, the funds you do get early are going to be worth more. 2. No one knows when they are going to die. Even if longevity runs in your family, you could be in a car accident and die, or contract a disease and die. Over 1 million people in the US died from COVID. 3. By taking SS early, you would be spending the money while you are younger and healthier. What's the advantage of waiting and not being able to walk a mile when you're over 84? There are other considerations though. If your spouse would benefit by waiting, you need to work for health insurance, or you want to keep working, then it may be beneficial to wait.

the reason you get more if you wait is because it is now a shorter period of time they expect you to live. It is the same amount of money but if you take it at 62 it is stretched over a longer period of time...therefore it will be a smaller payout. Now if you have a retirement pension then social security will not give you the full amount due unless you have paid into social security at least for 30 years.

I want to collect SS at 62, but I don't want a tiny check. Suggestions?

By the time you get to 62 and older, you can decide what is best for you, and you don’t need anyone telling you what to do. Whatever you decide, that is the best decision!

I'm 67.5 years old today. Waiting to 70 to file.

If you can retire before 70 and wait until 70 to begin collecting Federal welfare, do it! If you need Federal welfare to make your retirement work do not retire until 70.

If you were not successful and poor, take it at 62. If you were able to avoid getting fired and were able to save, wait until at least your FRA.

What age to take SS? There is no 1 correct answer. Everyone's situation is different. People who have a nice pension can retire at 62, take their SS and be set for life. People who only have SS can not afford to take a reduced amount at 62 and stop working. The Government will allow a person who collects SS at ages 62-66 to make 18,000 for the year before they hammer you with taxes. Working after age 67, you can make an unlimited amount without tax penalties. Some people retire because they are tired of being asked "When are you going to retire?" Not a good reason. I will work until 64, take my pension (which is good), work part time ages 65 and 66 (not more than 18,000). Take my SS at 67. Waiting until 70 is tempting due to the extra money you get. Wait until age 67 you will be 78 when you break even. Wait until 70, you will be 87 when you break even.

If all of you need the money so badly, why did you retire??

I would like to know more about Social Security.

Review sounds biased.

I worked mostly for cash, how do I get a monthly Federal welfare check?

I am on disability. When I turn 66 it will be considered social security, If I would work after i'm 66, Do I have to report it ?

Uncle Sam is projecting SS will be only paying 0.77 % of your benefit come 2033. Throw this in the mix when calculating.

Old people rushing to collect their Federal welfare checks makes me nauseous. Stop whining!!

Why do any of us deserve a Federal government handout? Young people are struggling to pay off student loans, educate their kids and pay off mortgages. Seniors had their whole working lives to save. They should not be collecting welfare now