I would like Eric, a finance manager to answer this if at all possible.
I have a finance question. I can retire at the age of 62 with a lesser benefit than if I waited until 65. My wife is a retired school teacher in Texas and because of this she will not receive my social security benefits at my passing like most widows. So by retiring at 62 and working part time I can almost make what I would otherwise be making if I worked full time. It seems feasible to me, given my wife won't receive benefits, that I take advantage of the early retirement and enjoy life. At the age of 65 I would already have drawn $75,000 from social security. The difference in my salary in waiting until I'm 65 to retire just doesn't make sense. Am I wrong or does anyone think this is feasible? I also have a pension and 401K. Thanks for your input.