Overview
- People turning 70 in 2026 are advised to claim that year because delayed retirement credits stop at 70.
- If you already turned 70 and have not filed, the guidance urges filing immediately to avoid leaving money unclaimed.
- Early claiming can be reasonable for retirees whose savings comfortably cover living expenses and who want income for near-term goals.
- You can start benefits at 62, while those born in 1960 or later reach full retirement age at 67, which permanently affects the monthly amount.
- An example using the 4% withdrawal rule shows that a $2 million nest egg with $5,000 in monthly bills can make Social Security largely discretionary income.