You may have heard that if you delay Social Security benefits starting a year after your full retirement age, you'll get a bigger check down the line. While that is true, these benefits are prorated monthly, so there's no need to wait a whole year if you don't want to.
Choosing when to begin your retirement benefits is an important and personal decision. It's a choice that boils down to what is best for you. The variables include health, caregiving obligations, current income and financial need. What isn't up for debate is that the age you begin receiving benefits will impact your monthly benefit.
