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Kiplinger
Kiplinger
Business
Matthew Sommer, PhD, CFA®

What's the Best Age to Take Social Security? 3 Questions Advisers Should Ask

(Image credit: Getty Images)

When people ask when to claim Social Security, the conversation usually starts with math. Claiming at 62 locks in a permanently smaller check, while waiting to 70 increases monthly benefits and builds a larger inflation-adjusted income stream for life.

Most advisers and do-it-yourself retirees translate that trade-off into one practical question: How long do I need to live for delaying to pay off?

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