I am trying to convince the wife we gotta find a way for her to retire at 62 or before. (She will be 60 in a few months. Vs waiting for 67 or whatever age would be.
Randy, I started collecting Social Security at 62. Because Liane didn't work 10 years (40 quarters) outside the home, she didn't collect anything on her own but she received 50% of the amount I collected. It was kind of a 'no brainer' for me.
The 30% reduction in the Social Security benefit for collecting early is a consideration. All the 'smart' people say wait. My father died before he ever collected a dime so to me a check in the bank is better than an IOU. Collect $700 a month at age 62, wait five years to collect a $1,000 full retirement benefit at 67 or wait 8 years for a $1,240 maximum benefit at 70 makes waiting sound good until you calculate how long you have to live to make up the money in hand versus the IOU. It takes 17 years to make up the difference waiting until 67 and 20 years to make up the difference waiting until 70. If your wife is absolutely sure she'll live to 79 or 82, she should wait. If no one in her family has lived way beyond 80, I'd take the smaller but guaranteed payment.
Here's a simple spreadsheet to show the hypothetical $1,000 full benefit. It doesn't consider Cost of Living increases or changes in the system. I also don't know what month or day of the month your wife turns 62. It makes a difference so I made her birthday October 4, 1963. That would mean she wouldn't collect her first payment until some time in January 2026 (my payments are deposited on the third Wednesday of the month).
Motley Fool explains it like this: "If you were born on the first or second of a month, your birth month in the year you turn 62 is your first month of eligibility. But if you were born on any other day of the month, the following month is when you become eligible for benefits.
For example, if you were born Sept. 15, 1960, you wouldn't be eligible for Social Security benefits until October 2022 because you're only 62 for half of September, and you wouldn't actually get your first check until November. The same rules apply for anyone with a birthday between the 3rd and 31st of a month."
bit lazy. 
i have a feeling i will adjust right in the first 3 seconds.