If I Could Tell All Retirees 1 Thing About Social Security, I'd Say to Do This Before You Claim Benefits

Contributing sentiments towards policy:

60% : Again, there is no "right" or "wrong" time to claim Social Security, just the time that works best for you.
57% : Few retirement decisions have as lasting an impact as when you decide to claim Social Security.
57% : Why your break-even age is so important in Social Security Deciding when to claim Social Security comes down to a trade-off: Do you want smaller payments for a longer amount of time or larger payments for a shorter amount of time?
57% : If Social Security is your only income source and you need it for your livelihood, your answer is essentially made for you: Claim as early as you need the money.
56% : The earliest you can claim Social Security is 62, but claiming before your FRA reduces your monthly benefit based on how far away you are from your FRA.
47% : However, people with other income sources who may not rely on Social Security may find waiting longer for the higher benefit feasible.

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