Yeah, we see this type of article on Yahoo every other week...

I think they need to name these articles "work till you're at least 67, preferably 70 before you collect social security". Besides not looking at the break even, they don't go into what you would live on from your IRA if you quit working and don't take social security. Money left in your IRA when you take SS at 62 adds up also. Never gets a mention in any of these "delay taking social security" articles anywhere.....

Agree. I retired at 59. Getting my 1st SS check next month at 62. My break even age is 78. I plan on doing most of my living, traveling, etc. between 62 and 78 - so taking it now - I may not make it to 78. I have an IRA and now withdraw less of it.

This all basically assumes that the reader necessarily believes 8% a year is a good return. I retired before I turned 61, then started collecting SS at 62. I find my SS is enough to live on while I invest my retirement portfolio for aggressive growth, and it's working very well for me. If I live a long life (I'm 64 1/2 right now), then that's more time to enjoy the fruits of my efforts; if I don't, then I've come out ahead on the SS issue alone. I have no spouse, so this simplifies it considerably for me.