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If you are still working at 62, no brainer, don't take it. If not, then the break even point for most people will be about 73-4, therefore, you would get more per month after that, making the delay a good decision long term. But, you could also argue that 1) You won't need as much in your 70s as in your 60s and 2) you do take the risk of not getting it at all. There is also the issue of spousal social security--not only what your spouse can get if you die, but also how much the spouse can get if the primary person dies, but how much they can get if they didn't work enough to qualify for ss themselves. There is a penalty for them to begin at 62 as well. In my case, I am retired and began SS at 62 and my wife began spousal (using my numbers as the base) at 62.
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