How to figure out a right time for retirement

Dear Liz: we hear so many speak about watchful to collect Social Security. What are good reasons to start collecting Social Security during age 62? we recently late from a troops with a monthly retirement of $4,400. we devise to work a municipal pursuit until I’m 62 (eight some-more years).

I’m in sincerely good health now, though decades of troops use and mixed deployments abroad put a lot of miles on my chassis. we truly wish we do, though we don’t know if we will live until I’m 80 or 90 years old.

Answer: None of us knows how many some-more time we have on this Earth. The primary reason for loitering Social Security is to diminution a contingency of regulating brief of income if we (or a spouses) occur to live a prolonged time.

Think of it as a kind of longevity word since a longer we live, a some-more approaching we are to use adult your resources and to rest on your Social Security check for most, if not all, of your income. The wealthier we are — in resources and in pensions — a reduction critical it might be to check Social Security.

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