Taking your SS

[Colorado Cowboy]

There was a thread about this same subject about 6 months ago, you should read some of those answers too.

 

[AKDoc]

Good advice but if you are married it's actually a team decision because it can dramatically affect a surviving spouse/lesser wage earner...

Absolutely!

 

[SteveCNJ]

For those who say they're going to start at a specific age, make sure you do your homework. My bday is in April and I was going to wait until my 68th bday. I went on to the SS site and used this tool to see how much I'd get come my 67th in April. Then i slid it back a month and to my surprise it was the same amount! February and January the same thing. December went down so I started my SS in January and got my first payment in February. So, I wound up with 3 months of SS that I would have never seen if I just waited for my birthday. Don't leave money on the table.

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[Huntingfarandwide]

I'm taking mine at 67 and diverting the exact same amount into my 401K. I don't know how long I will work after that butvI have done the math and if I wait until I'm 70 it will take me until I'm 84 to even out.

 

[*Mountainhunter]

I retired at 66 1/2. I started taking SS at 67 1/2. I know I didn't max what I could have received but I am okay with it.
I will deplete our assets less and have more left to leave to our heirs.

 

[Mike Islander]

I'm waiting for 70. I make great money and enjoy working. Why wait? My SS is much higher than my wife's. If I die before her she collects mine, which is 24% higher for the rest of time if I wait till 70 versus taking it at 67.