Three Questions to Weigh Before Filing for Social Security at 67

You can start Social Security as early as age 62, but postponing benefits can pay off over time for many retirees.

For people born in 1960 or later, full retirement age is 67, which is when you can collect your full benefit. Even so, the right claiming age depends on your personal finances and, if you are married, your spouse’s claiming strategy. These three questions can help guide your decision.

1. Do I need the money now, or can I hold off?

Although 67 is your full retirement age, you can wait even longer to increase your monthly checks. Social Security pays the largest benefit at 70. Claiming at 67 gives you income sooner, but waiting until 70 means a larger monthly payment.

If you do not urgently need the money, delaying may be the better move. At 67, you are only three years away from the maximum benefit. Some retirees cover that gap with investment withdrawals, part-time work, or tighter spending. Still, if you need the income to cover basic expenses, starting at full retirement age may be the practical choice.

2. How long do I expect to use this benefit?

Social Security is meant to support people after they stop working. For some, that support lasts about a decade. For others, it continues for many years or even decades.

People with a family pattern of shorter lifespans or serious health issues may decide to claim earlier. Those with strong longevity in their family and good health may prefer to wait so they can secure a larger monthly payment later.

3. How will this affect my spouse, taxes, and work plans?

If you are married, your spouse’s claiming age matters too. After one spouse dies, the survivor generally receives either their own benefit or the higher spousal benefit, whichever is larger. That is why the higher earner may benefit from waiting as long as possible.

Claiming benefits can also raise taxes if you or your spouse is still working. The effect can be greater if you are also drawing money from a traditional retirement account while collecting Social Security, since that can increase taxable income.

In some couples, the higher earner delays benefits while the lower earner claims earlier. If your situation is more complicated, it may be wise to consult a financial planner or tax professional.