Quote:
Originally Posted by rocky raccoon
I don't see it as a old-age pay out. I choose to see it as the U.S. government repaying the interest-free loan have been giving them all these yearrs.
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exactly.and not adjusted for inflation.my dad took his at 62.for 2 reasons.1 my little sister was still in high school and she could also collect until she turned 18 which was after she graduated.so she collected for just over 2 yrs.all that went into a college fund and paid alot of her schooling
2. they figured that for the payments at 62 and at 65 he would have to live to be 80 before they equaled out.which as it turned out wouldn't have mattered as he died at 80.