Choices for Starting Social Security Benefits (Spreadsheet)
When I decide to start receiving benefits affects my monthly Social Security check for the rest of my life. That is, if I choose to collect checks prior to normal retirement, then the monthly amount is reduced; likewise, if I wait until I’m past regular retirement age, I receive a bigger monthly check. So, among the retirement decisions that I need to make, this one seems fairly significant. Here’s a framework (and spreadsheet) for making this decision.