Yes, you get less each month but you get 50 checks that you wouldn’t get for the rest of your life if you wait to retire at age 66 and two months. In my case I did it and it was great even though I now receive less than I would have if I waited to get the 100% benefit I needed the money because I was out of work. With no income it was far better to get some income instead of trying to live with no money….

Of course you would get far more money in a private retirement account but you can’t do that because the government takes away your Social Security money so you don’t have it to invest yourself. You would have far more money on your own but the government claims you would spend the money so you wouldn’t have it to save but that depends on you, not them.

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