What claiming at 62, full retirement age or 70 does to the monthly check, and the age at which waiting has paid for itself.
With a full retirement age check of $2,500, claiming at 62 pays about $1,750 a month for life and claiming at 70 pays about $3,100. By age 90 the totals are $588k at 62, $690k at 67, $744k at 70. Waiting from 62 to 70 pays for itself around age 80 and 4 mo. No statement handy? Estimate the benefit from earnings.
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