[markinnaples]

Do the math. Calculate what you'll get at 62.5 (Is that when you can start?) and add up all that you will get before the next tier that raises the amount and see how long it will take you to recoup the amount that you're foregoing by not collecting right away and see where that puts you.

For example, if you collect $100/mo when you start at 62, and the amount raises to $150 at 65, then you will need to make up 3 years of $100 payments ($3600) at $50/mo, which means that it will take you 6 years/72 months ($3600/$50) to make up the difference. After those 6 years (age 68), you'll start to get ahead as a reward for waiting.

I'm 50, so I have a ways to go, but I plan on collecting as soon as I am able because (a) I don't trust politicians, (b) I have no guarantees how long I'll live past 62 so I'm going to enjoy life with the extra SS money as long as I can, and (c) I don't trust politicians. JMHO.