When to Start Social Security

Retirement’s not just about pensions anymore—most folks are counting on 401(k)s and Social Security. If you were born after 1960, your full retirement age is 67. You can start as early as 62, but your checks shrink. Wait until 70, and you get bigger monthly payments. But timing isn’t one-size-fits-all: your cash needs, work status, marriage, and health all factor in. If you’re still working and collecting early, your benefits can get docked. Married couples should consider spousal benefits—if your partner’s payout is higher, you might claim a portion. Health and life expectancy matter too: average lifespans are around 84 for men, 87 for women, and couples often live even longer. If you’re healthy and expect to live a long time, waiting until 70 usually pays off best. But with so many variables, consulting a financial advisor is your best bet to make the right move for your situation. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/24dab1195728eb74