We were born in 1961 so our FRA is 67. I know you state to wait until 70 to collect SS but I am having a difficult time making sense of this. Combined SS at 70 for us would equal $5,500 per month. I would have to use almost $200,000 of my retirement funds to live on from the age of 67-70 ($5,500X36). This 200,000 would be invested in very conservative investments.

If I collected at 67, I could invest this $200,00 money for more income potential.. If I retired at 67, I would have to use $200,000 of my retirement income for the next 3 years. Spending this retirement savings to get a little more in Social Security does not make sense. What am I missing?

Hi,

For Larry's thoughts on this subject, refer to the following article: https://www.pbs.org/newshour/economy/collect-social-security-early-order....

Best, Jerry