OK, and we know it can be more or less. But if you retire at 62 you are adding 2% per year. That is reasonable. But if you wait until 67, are you increasing the benefits you will receive at 67 by 2% each year you wait? My understanding is that the retirement age benefit level increases with the COL increase.
I've been waiting until age 70 but you're making me have second thoughts.
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Today's Featured Article - A Farmall Story - by Ed Meadors. The year was 1978. Our young family had recently moved to rural Chesapeake, Virginia to a plot of land which would finally allow us to realize our dreams of a huge garden, critters and more lawn and pasture than we would ever use! We needed a TRACTOR; not a riding mower or tractor wannabe, but a real TRACTOR. The answer to our needs materialized in the form of a '44 Farmall A, complete with cultivators, discs, single plow, a 5ft.Woods belly mower and one, mounted spare 9.00x24 rear wheel.
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