recent article on MSN is saying people should wait til age 70 to collect SS. their example showed that you would get 3500 a month at 70 compared to 1950 a month at age 62. first, by waiting 8 years it seems like it would be worth it but do the math. it would take approx. 11 years to break even. in 8 years you would collect about 200,000 dollars. you would be 81 or 82 before you would start getting ahead. I would rather collect that 2000 a month at 62 and invest most or all of it myself in a tax free IRA till I was 70 instead of letting Uncle Sam do it. that 2 grand a month invested that way would grow to around 275,000 to 300,000 dollars in 8 years under normal ( 40 year average) market conditions. Social Security may not be viable if you waited anyway. Im taking my benefit as soon as I am eligible.