Your Social Security Window
This single decision can mean $100,000 or more over your lifetime.
You can start collecting Social Security as early as 62 or delay until 70. Every year you wait past your full retirement age, your benefit grows by about 8%. That is a guaranteed return you will not find anywhere else. But waiting is not always the right answer. Your health, your savings, and whether you are still working all factor in. This is one of the most important financial decisions you will make.
From Grace
Social Security timing is personal. There is no single right answer. Let me walk you through the factors that matter most in your situation.