Follow us:

Northwest Voices

Seattle Times letters to the editor

Category: Social Security
July 31, 2014 at 8:11 AM

Social Security: Take as much as you can early on

DAVID MILLER / THE SEATTLE TIMES

Corrected version

Writers like John F. Wasik get it all wrong because they never take into account the total amount accrued from Social Security [“Social Security at 62? Let’s run the numbers,” Business/Technology, July 26].  For practical people like me, how much I get out of the system and the certainty of getting it is more important than a temporary comparison at a future point of time.

Let’s look at Wasik’s numbers. He says that if you take Social Security at 62, you may only get $1,000 a month, while at 70, that would be $1,320, a one-third increase in value.

But if you take Social Security at 62, over the next eight years, you would have

More

Comments | More in Social Security | Topics: IRA, Medicare, Retirement