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At 62, Bianca jumped at the chance to start collecting herSocial Security benefits.
Now, at 72, shes singing a different tune.
If I could turn back time, Id tell my 62-year-old self to wait, Bianca told GOBankingRates.
I thought I was being smart by taking my benefits early, but turns out I was very wrong!
Lets dive into Biancas story and the Social Security facts that might make youthink twice about claiming early.
The Early Bird Doesnt Always Get the Worm
Bianca was ready to retire in her early 40s.
I just never found a career that stuck, she said.
And so, I was always looking for a way out.
When she turned 62, she was ready to flee working life and get to her retirement ASAP.
She saw Caribbean cruises and grandkid hangs in her near future, and she didnt want to wait.
Thats a lot of Caribbean cruises.
The Aha Moment: Full Retirement Age vs.
Early Claiming
When Bianca turned 67, the full reality of her decision started to come to light.
I nearly fell out of my chair when I did the math!
And if she had held out until 70?
She could have boosted her monthly check by a whopping 24%.
I felt like Id left awinning lottery ticketin my old jeans and washed them, Bianca lamented.
Its not just about thesmaller monthly check, she explained.
Its about all the things you cant do because of it.
I really dont care to think about it that much.
Looking back, Bianca wished she could warn her past self.
If I could do it all over again, Id wait until 70, Bianca said.
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