You'll find lots of advice to delay until 70 but I think that's over simplified. It's a decision you have to base on your personal situation.I took mine at 62 because I had retired early and was living off my investments for 8 years. My choice was either continue to deplete my investments or cover 40% of my expenses with SS. I've been happy I did that way and my investments have weathered 2008 and rebounded. Among the things to consider are your health (can you reasonabley expect to live long enough after 70 to make up for the years you didn't take SS?), your situation regarding spousal benefits, do you want to continue working until you're 70, are your investments sufficient to support you until you are 70? As you can see, there are lots of questions to be answered and everyone's situation is likely to be a little different. If you don't feel comfortable making the decision alone, this is one those times it might be wise to consult a CPA. Just stay away from financial advisers who might benefit from steering you one way or the other.
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