When you begin claiming your Social Security benefits is one of the most important decisions you will make. Knowing when to start your benefits—and when not to—could mean thousands of more dollars to you, and your surviving spouse, when you could use the income the most.
But with so many claiming possibilities, when is the right time?
You probably have heard arguments for claiming early and waiting. That being said, it pays off to understand the break-even ages for Social Security benefits, their impact, and how different claiming ages may compare.