When Should You Take Social Security?

Deciding when to take social security doesn’t have a one size fits all answer. Your ideal strategy depends on your benefit amount, other savings and investments, and your goals. Let us help you navigate this important decision!

“Social Security is a very common topic among our clients who are thinking about retirement and not as clear of an answer as many people would hope for, I think. When to take Social Security is by far the most common question we get and the answer depends on each client. There may be a different answer for every client. I think a lot of people, there’s two camps really. Some people want to take it right away and “give me my money,” I understand that.

And some people say “I’m going to wait as long as possible because then I can accumulate more Social Security benefits.” Both of those can be right, but sometimes one or the other might make a lot more sense depending on what else you have going on. Do you have a spouse? What does their social security picture look like? What other investments do you have? How much have you saved for retirement? What other types of accounts is that money in? There’s a lot of different variables that can impact the answer to the question “When I should take Social Security,” and we certainly help people navigate that.”