When is the best time to claim Social Security?

One common misconception is that you should wait until age 70 to start taking Social Security, but this is not always the best strategy.

Here are some things to consider when deciding when to start taking Social Security:

Your health: If you have health problems or a shorter life expectancy, consider taking Social Security earlier.

Your financial situation: If you have enough savings and investments to support yourself in retirement, you may be able to wait until later to start taking Social Security.

Your spouse’s situation: If you are married, you must consider your spouse’s Social Security benefits when making your decision.

Check out the article below for more information on the subject.

https://www.fool.com/retirement/2023/09/18/the-best-reason-to-take-social-security-long-befor/