A QUANTITATIVE ANALYSIS OF BEGINNING SOCIAL SECURITY BENEFITS EARLY

摘要

Many individuals must decide to either begin receiving permanently reduced Social Security benefits at age 62 or wait and receive full benefits at age 65 to 67. This paper examines these alternatives using the actuarial present value (APV) method. The results indicate that there is no significant financial difference between the two options. This conclusion is consistent with information the Social Security Administration (SSA) publishes.