Talk to a professional, and let them advise you. I personally think its BS the reduce what you get if you work. You and your employers paid in your entire career, you should get your $ when you want to, regardless of whether you keep working. They ought to encourage taking it and investing it.
I did the math on the small pension I will receive, its better for me to wait until age 70 to start drawing it. Of course the gamble is I don't reach 70, or don't live much past it.
Just curious. If you took it at 62 and you received for the basis of this question $1000 per month vs when you are 70 you receive X$ more, how long would it take you to make up the 96K$ you just earned in 8 years with the difference you would get at 70 over the $1,000 monthly?
