Posted by JMS/.MN on February 26, 2010 at 06:57:35 from (209.237.107.155):
In Reply to: OT Retire at 62? posted by Plumcrazy on February 26, 2010 at 04:22:02:
Your SS statement shows the payouts at different years- you can do the math to see how long it takes to make up what you lost by retiring at 65 (now 66+). Some say 14 years? I started drawing at 62, was on my wife"s insurance (payroll deduction of over $800 per month) until 65, then on Medicare, although I was already on VA. She"s now retired, but not drawing SS until full retirement age. Teacher"s retirement plan has an early high draw, then lowers at SS time.
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