Why Waiting to Claim Social Security Benefits Might Cost You More Than You Think
Delaying Social Security increases benefits about 8% per year but incurs opportunity costs and health/longevity trade-offs, so optimal timing depends on individual circumstances.
Should I start collecting Social Security at 62 to let my IRA investments grow?
Claiming Social Security at 62 permanently reduces monthly benefits (up to about 30%), and using IRA growth to offset that loss depends on returns, longevity, and income needs.
