Math with Dick and Jane: Should Jane collect Social Security as soon as she turns 62?

If you are getting close to retirement and you have been contributing to Social Security, perhaps the most important decision you can make is when to start collecting your payments. The Social Security Administration gives you a choice, you can start getting paid a fraction of your benefits as soon as you turn 62, or you can wait until your full retirement age and collect a full payment each month.

While the Social Security Administration gives plenty of guidance on the matter, if you…