Collecting Social Security at 62; How They Feel About It Now

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Information Collecting Social Security at 62; How They Feel About It Now

Title	:	Collecting Social Security at 62; How They Feel About It Now
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Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs Retirement choices determine a lot of things My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k
Comment from : Elizabeth ONeil

This video is funny Sure - ask those who elected to collect at 62 whether they regret that decision 9 years later What we are missing is the view of the person who died at 69 who never collected, waiting for that max payout at that agebrbrOh yeah - they are dead and cannot be interviewed
Comment from : billsfan2000

Tomorrow will never come, so the earlier to collect is better, some one said "Longevity" is a big factor to take it earlier
Comment from : Joe ABS

Paid for by the us gubamint
Comment from : Jo Ja

Retiring from public services made me realise that I had no means to passive income and in 5 years I only moved around in circles financially, I needed to make investments immediately desperate retirement and that led me to this looking for ways out I feel very accomplished every time I remember my journey and how I have been able to grow my Investment to a return of over 200 in less than 6 months Mind-blowing experience really
Comment from : Perezesq1

Social Security was never intended to be your sole source of income upon retirement Be smart and invest in an IRA/401k/Roth etc starting when you are in your 20s Even if you are in your 40s or 50s it's never too late to start
Comment from : Douglas Williams

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
Comment from : Ernie

Retire at 62 try to defer social security until 70 If you need the money before 70 take it Make the best decision for you Do keep in mind that you don't have to work until you collect before you retire Delaying social security until 70 lets you safely spend more from you retirement funds
Comment from : Pizza 4me

I was able to avoid being fired while I worked Therefore I am not financially desperate I'll collect at 70
Comment from : Bill Pasaki

Videos like this could be helpful, but instead they pander to weak seniors Resist taking a check at 62 You will regret this decision later
Comment from : Lee Reader

With the debt crisis looming, why not cut SS benefits by 50 immediately? This is something both Democrats and Republicans should be able to get behind Greedy seniors should not be allowed to ruin our great country
Comment from : Jack Dreddle

The average monthly SS check for Americans is only $1,550 Why so low? Because many people foolishly begin collecting SS at 62 This stupidity needs to stop
Comment from : Walter Knox

My mother what's 61 years old is she pass away a my dad retire at 62 pass away at 69 he retired at 62 years old and live 7 years And his son 74 years old and now I'm now I'm retired
Comment from : Spencer Davis

one reason to wait for FRA or later is for survivor benefits, for the surviving spouse the longer you wait ,( if you financially can), the more the survivor will get, depending on when the survivor takes the survivor benefit
Comment from : larriveeman

It’s an individual choice based on many factors I retired and began collecting at 62 because I was in a field I couldn’t bear any longer after 35 years My quality of life and mental health was a priority and I knew I could make it work for me On the other hand I know people that still love working and don’t wish to retire yet, so they don’t I have no regrets and am super happy with my decision!
Comment from : Susan B

I want to collect SS at 62, but I don't want a tiny check Suggestions?
Comment from : harold carson

When acquiring S S, depending on your retirement contract, the amount you receive from S S is subtracted from your pension leaving you with the same digits monthly 🎉
Comment from : Renee Horton

Tf
Comment from : whitedummy

If you are not in the financial market space right now, you are making a huge mistake I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market
Comment from : Alesandro Hoxha

I don’t know why you’re alive because if you take it to 62 whatever you got, that’s what you get for the rest of your life it don’t go up It should go up when you turn 67
Comment from : Get down this

No, it's not worth waiting My father insisted on working until the very end He ended up with dementia and died No way, I'm collecting at 62
Comment from : Lisa Duncan

Every situation is Different brOne thing I do knowbrPlanbrAt least try tobrI'm 64 yrs oldbrLove my job brBeen there 42 yrsbrI get time offbrComes down to Purpose brI have hoppiesbrMy job gives me Structure as wellbrI plan on finishing the Contract outbrActually a group of us are Rolling outbrI can go if I have tobrI can go back Part time as wellbrI'm blessed to actually have a good work situation brI stay activebrMy Family has longevity brMy Window is 65 to 67brSo finishing out Contract brMy brother retired at 61brHe returned to work part timebrHe was bored as Hell brI know alot guys in general who regret retiring earlybrIf I hated my jobbrI would have been out at 60brGood Luck brTo each there own
Comment from : Bill May

Free time or a few extra bucks? No brainer in my world I love getting up now when I feel like it
Comment from : j Rowdy GI

The way things are going I retired at 62 getting social security and a pension I have mix emotions
Comment from : Charles Pressley

Get out EARLY Chipping away at your bucket list from a wheelchair is frustrating!
Comment from : Nala

My grandfather worked from age 8 3rd grade education He died 6 months before his first check
Comment from : Mike Kennedy

Take it at 62 - PERIOD!!!!!!!!
Comment from : G G

I'm 675 years old Waiting to 70 to file
Comment from : Peter Davila

The single most important thing you need to know is that you don't always get more money if you wait In fact in most cases you get less You have to live past 80 to start getting more money by waiting Remember this, less per month does not mean less money I stopped working and started drawing my Social Security at age 62 My choice at that time was simple, would I rather have more money in my 80's, or more free time in my 60's I took the time because it's the one thing money can't buy The reason your checks are smaller at age 62 is because you are going to get more of them 48 more checks than the person who waits until age 66 and 96 more checks than the person who waits until age 70 The biggest question you don't have an answer to And that is "when am I going to die" Do what's best for you, but just understand one simple truth about Social Security and that is that more per month does not mean more in total By the same token less per month does not mean less total
Comment from : Bernie

Don't take it early if you still work part time You will take a HUGE tax hit on that money Look into this before you leap
Comment from : Steve

I think that is worth waiting the two extra years because it's about security I want to die with (a paid off inexpensive home, food in my fridge, money to eat out sometimes, my bills paid up, and) LEFTOVER MONEY IN MY MATTRESS Leftover money is the ultimate security
Comment from : RETIREMENT BOOT CAMP Off-gridAZ

The earlier the better when financially able Get a job under the table Anyone who waits to age 70 is an idiot Age 70 is the least popular age to collect for a reason You're leaving thousands on the table before collecting a penny People who wait are gambling that they will live a long time The longer you wait you are playing catch up for years to the break even point Valuable time is lost too They are annual SS COLAs too
Comment from : Mark N

I turn 62 in 2 and a half years and I'm raising an autistic daughter who is 10 and a half years old so obviously, I'm an older parent and need to stop working and focus on my child I think that's a legitimate reason to retire early
Comment from : Albert Berardinelli

I have to work until 67 , might as well wait another 3 years and get the max
Comment from : Steakandkidney

I'm 67 If I wait until I'm 70 to collect SS, my monthly check will be $4,719 Why should I collect a small check???
Comment from : Walter Knox

I had planned on working until full retirement age, 66 years and 4 months My husband was diagnosed with a life-threatening chronic disease He’s on palliative care and I had to retire at age 62 to care for him Life sometimes upsets your plans and you have to change them I don’t regret retiring early and caring for my husband But I would’ve preferred we both retired in our retirement age as planned
Comment from : Shirley Ross

I worked mostly for cash What do I need to do to collect SS?
Comment from : James Ripton

I can't afford to live now
Comment from : Tom Simpson

Do the math Most breakeven ages for the difference between collecting at 62 and at 67 is 79 years old before you financially start getting aheadbr$1400 a month for 5 years is $84000 (62>67)brIf you draw $2000 a month at 67, a $600 increase it’ll take 11 years and 8 months to catch-up Almost 79 years old After that you’re only getting ahead $7200 a year
Comment from : Scott Hayes

if the statistics about covid are accurate this is out of date
Comment from : Arlo Arthur Cordell

Well I had friends that never collected it They never reached the age
Comment from : Wendy Sullivan

I heard the Republicans will try to save social security by raising the age for qualification It's not a cut according to them
Comment from : EllVTV

I'm 100 years old now I finally retired 😪
Comment from : layndretti13

I'm going on 65 this year can I get social security
Comment from : paul crossen

Rich people collect at 70 Poor people collect at 62 Poor people should stop making bad decisions Collet at 70 Be smart!
Comment from : Richard Argst

Collect at age 62 it’s an individual choice
Comment from : Nana Nkansah

Collect as soon as I’m able There’s no guarantee I’ll live long pass 62 I’ve been contributing for over 40 years They hope more people die before they start collecting That’s exactly why they keep increasing the age Also this program was supposed to be temporary Plus my father died at 36 and most of his brothers young as well
Comment from : Eddee What

I started SS at 62 $234300 No way was I ever going to leave that money on the table I retired at 55 I'm not a rich man but it sure beats going to work everyday
Comment from : Peter Northrup

The original reason for offering SSA benefit at 62 (Social Security Amendments of 1961), was to address the fact that older workers could become unemployed, and have a hard time gaining employment This is still a valid reason to take it I was still working at 62, and mybrwage would have reduced my benefit to zero
Comment from : DB

Take your money as soon as you can get itIf you don't need it, invest in broad index mutual funds Social security is a poor investment for your money, if you would otherwise invest it However, since the government forces you into SS, take it out as soon as possible If you die younger than 80, the government redistributes it to someone who didn't work for it
Comment from : Paul brungardt

Great brainwashing job number one you should have a pension to go with your Social Security number two like with mine $1400 a month do the math 14×12×3 and you’re giving that money away you’re not taking it even though you’ve paid in great decision So you’re gonna let the government keep over $50,000 instead of drawing at 62 how long do you plan on living you’re never gonna make up that 50 grand at least I never would cause that’s what I figured out the difference for three years collecting $50,000, $1400 a month 12 months of the year times three equals 50 grand over 50 grand
Comment from : Live and learn

Folks I'm finished I have tried for a year to explain why it is a bad idea to collect SS at 62 I guess you can't change piggish, human nature Take your smaller check, but do not come back to this site and complain when you are older You were warned! Adios
Comment from : Lee Reader

When we were young we learned not to smoke and to graduate from college As adults our goal should be to collect SS at 70 and wait until 72 to take money out of our IRA or 401-K Be smart!!
Comment from : Charlie Poral

I took a chance on retirement at 62 because of the Medicare health coverage but tomorrow I will be eligible because I turn 65 Hooray for me
Comment from : Anthony Brown

Covid caused mass retirement If there's more collecting there less going into to the fundbrBut the government doesn't want you to retire until full age as they dip into our reserves for other handoutsI did it at 62 and so did my fellow as Covid ravaged our bodies
Comment from : Cheryl MacEntee

Jennifer, you look awesum at 62!!
Comment from : Derrick Bridges

My kidneys failed at 61, I had to retire with a medical disability
Comment from : Deborah Frederick

YOU GET NOTHING AFTER YOU'RE DEAD
Comment from : Paul Hailey

Seniors had their entire working lives to save They shouldn't be dependent on the SS taxes their children pay to support themselves SS is Federal welfare and should be abolished
Comment from : Tom Blevins

When I was working I never asked for a smaller check What would I do that now by collecting SS at 62?
Comment from : Ed Rodgers

Just turned 62 a week ago and just waiting for the eagle to land in my bank account I have three dead brothers that never collected a dime I earned it Can't wait to spend it
Comment from : Donald Pepera

I am a math pro Just do your simple math and you will see that waiting till 67 (time when I should retire) will paid of if you live till 85 and longer Hope you do! I hope I do to, but do I need same money as I need now, when I still able to enjoy it?
Comment from : Natalia Fofanova

Take SS at 62?brbrI have commented on numerous blogs/vlogs dealing with this subject matter I used to encourage my co-workers and friends to look at the break-even point on the money… it is virtually the same time no matter what your dollar amount is; if you take SS at 62, you receive 5 years of benefit that you have earned by the time you (hopefully) see 67 years of age It will take nearly 12 years (age 79) before you hit break-even on the money that you chose to give up by not claiming your benefit early - so, YES, the government ‘wins’ (financially) if you live beyond 79 (because they get to continue sending you the reduced benefit payment that you ‘locked in’ at 62 (or whenever you started your claim) - but, heres the rub: most people stop their analysis with the money - completely overlooking the TIME brLet’s go back to age 62… you’re in a job that you may or may not like, but whatever the case - its a job, and by definition, a job for most people involves ‘reporting for duty somewhere’ Is that what life is all about? What could you do with 5 ‘extra’ years FIVE YEARS! …YEARS… br5 years is no drop in the bucket of time when it comes that late in life - especially considering the issue of age slowing us down, declining physical abilities, etc brDon’t overlook or underestimate the VALUE OF YOUR TIME As Americans, we spend more of our lives working than most any other country in the world - and we’re #1?… at what? …convincing our worker bees (that’s you and me, by the way) to make honey all of their lives and fall dead for the privilege of having served??
Comment from : 1Clk Videos

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???
Comment from : Jack Dreddle

I will wait till 6 Big ups to everyone working effortlessly trying to earn a living while building wealth I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts Currently living smart and frugal with our money Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income brThanks to fire movement
Comment from : David Foresto

I retired at 62 and haven’t looked back I mainly retired to deal with ill / dying parents in another state As an only child I had no choice By the time I was 65 I had heart surgery followed by cancer I had hoped to travel some, but life just got in the way I was an RN And worked shifts in a hospital I was just tired of the time clock, rotating burned out bosses and the creep of corporations and big business taking over medicine dictating when or even if you could use the vacation leave you had earned and was “on the books” I do not regret retiring at 62, I only regret I “sold my life to a job” I am grateful I lasted that long
Comment from : Eloise Coppler

Take the SS as early as you can You never know what will happen I did and I’m not sorry
Comment from : Beth Furry

I got cut in half by truck 😭
Comment from : Paul Marecki

Oh I'm going to live forever so I feel bad bout collecting SSD at 105
Comment from : Paul Marecki

A few years ago I used to watch the obituaries to see the ages and causes of people dying it’s astounding how many people pass away before they’re even 60 😳
Comment from : Real Steel

100 grand between 62 and 66 and 8 mo Get it before they take it from you If you don't need it, invest it It's the same money
Comment from : Brian Chisnell

I would think it would be better to wait and collect the full amount that you can get if possible I guess it depends on your circumstances
Comment from : Rhonda Unger

I’m 53 years old , and I going to start collecting when I’m 62 Life has know guarantees
Comment from : Lyle Daniels

Bad idea to take it at 62 if you're in good health still working try to get to 66 you'll be a happier camper
Comment from : 392 Scatpack

So basically another bs AARP ad telling you everything, but telling you nothing at all!
Comment from : Mike Cagle

Why are seniors so greedy? Why the rush to get to the welfare trough at 62??
Comment from : Steve Risser

I'm legally married , but we live apart Can I collect off his Social Security once I turn 62 years old ?? Do I apply in person at a SSA office ?
Comment from : Janet Carman

Don't make excuses that's your money
Comment from : Michael Gray

63 took mine before the Democrats take it
Comment from : Patriot csa

One has to understand the whole design of SS is to keep your money, period Look at how long you have to live to get it, 62 And if you die they keep it Only guarantee is that we all will die, but when? Collect when you can is my advise,,,,
Comment from : Los good music Mandrell

Well,I have been thinking about retirement since 38 yrs old…I am 57 n plan to retire at 62…the plan is not to take my social security bec I will be bringing in money 💰 besides my pension …Therefore,I will wait a few yrs🙏🏽
Comment from : SunnyxMistysbiggestfan