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[QUOTE="Peacefrog, post: 5285552, member: 986"]
The prevailing wisdom seems to be to delay taking it as long as you can [I]if you have the ability to do so[/I]. The guaranteed raises are very attractive. If you take it early you are locking yourself into a reduced payout of almost 50% compared to waiting until 70. That's huge. Of course there are any number of scenarios where it might be preferred, if not necessary, to start taking it earlier.  The big unknown for all of us is how long we will live.

Given my current health and family history, I am assuming that I will get to at least 90 which makes waiting until 70 the obvious choice. I might end up working to that age or beyond. I love my current job and company and there is only so much golfing and fishing I'll want to do so I think I'll keep working at least half-time. If I stopped working sooner than 70 I would tap investment accounts in the interim and use those low/no taxable income years as an opportunity to convert traditional 401K/IRA funds to Roth.
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