When should you start cashing in on Social Security?

2013 12 13 social security card

At age 62, you receive 75% of what you’d receive at your full retirement age (assuming 66). If you delay until 70 years old, you accrue 8% more per year (32% over 4 years).

In general, I usually recommend waiting until 70 to start your social security, but this is also assuming a long life.

When you’re looking at social security planning for couples, I have a program on my computer that can track all the permutations (file and suspend, delay, spousal benefits), etc.

I’m here to help.

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