Taking Social Security at 62


Q. I’m 62 years old with 30-plus years of service. I am CSRS Offset. What are the benefits (or disadvantages) of taking Social Security now while still working?

A. Unless you have a shorter-than-usual life expectancy, the only benefit that comes to mind is that it would enable an eligible spouse to claim a spouse’s benefit against your record.


About Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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