KarenP12
Expert Alumni

Retirement tax questions

It sounds like you have done a lot of research on this topic and understand the consequences.  If your financial situation and savings allow you to defer, you are correct you will receive a higher benefit at that time.  You will also want to look at your other sources of retirement income and at what times they will start paying out such as 401K's, Traditional IRA's, etc.

 

It appears at this point, the only other item to do would be to sit with a Financial Planner and ensure you can meet all your life goals, trips, family and any other things you want to ensure you have budgeted for.

 

Many good articles are linked here from Social Security for any other readers:  https://www.ssa.gov/benefits/retirement/learn.html

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