By now you know that I have long advised that it is smart for the highest wage earner in a household to wait as long as possible to begin claiming Social Security retirement benefits. If you wait all the way until age 70, your benefit will be 76% higher than what you are entitled to if you begin at age 62, which is the earliest year to claim retirement benefits.
Interesting new research surveyed retirees to learn more about why they chose a particular time to start claiming their Social Security benefit. It turns out that many people simply tie their claiming decision to when they retire. So, if someone retires at 65, they are more inclined to start receiving Social Security at 65, rather than wait.
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