Many ppl think taking early SS retirement is a mistake from a purely financial standpoint but it is not really. The biggest advantage to working past age 62 is more income from working itself
, not from the SS income. If you take early retirement at age 62 versus SSNRA (age 67 for most of us), it generally will take you about 11 years to break even or age 78 starting from SSNRA. The average life expectancy in the US is about 78 years.
If your health
is good and your job
is not causing you too much stress which adversely affects your health as we all know, then by all means work to SSNRA and beyond, esp. if you have good genes (mom and dad lived to ripe old ages before death). These ppl are the ones who truly benefit from working longer IMO. I have a friend (ex co-worker) who is planning on working until age 75 he tells me. He is 68 now and getting his full SS retirement and working a fulltime job making a little over 75K per year. Some people are very fortunate. This guy is now buying toys (cars, computers,hi tech gadgets, etc. now like you would not believe but he can afford to.