Ask Stacy: Should I Wait Until 70 for Social Security?

Which is better: getting your Social Security benefits at the first opportunity, or waiting until you're 70? The answer: It depends.

Welcome to “Ask Stacy,” a new video feature on Money Talks News. Most weekdays, I’m doing short videos to answer a money question sent in by a reader or viewer. (Learn how to send in a question of your own below.)

Today’s question is about Social Security, specifically, whether you should you take it as soon as you can get it, or get a bigger monthly check by waiting until you’re 70.

Click “play” and see what I think.

For more on this topic, see “14 Ways to Maximize Your Social Security Checks.”

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The questions I’m likeliest to answer are those that will interest other readers. In other words, don’t ask for super-specific advice that applies only to you. And if I don’t get to your question, promise not to hate me. I do my best, but I get a lot more questions than I have time to answer.

About me

I founded Money Talks News in 1991. I’m a CPA, and have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

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