When it comes to Social Security, most advice you’ll find focuses on maximizing benefits—either by waiting until 70 to claim or filing at 62 and investing the money.
Both strategies can work depending on your circumstances, but there’s one key principle many retirees overlook: the real purpose of Social Security is to give you the best retirement possible—not just the biggest check.
The Real Goal of Social Security
Social Security was created to keep seniors out of poverty and help them live comfortably in retirement. It’s not about “beating the system” or squeezing out every last dollar. Instead, it’s about using those benefits in a way that helps you enjoy your golden years.
For example, waiting until 70 may get you a larger check, but what if by then you’re in poor health and can’t enjoy the money?
On the flip side, claiming at 62 may mean smaller checks, but if it lets you travel, spend time with loved ones, and create memories while you’re younger and healthier, that could be worth more than a few extra dollars later.
Why Bigger Isn’t Always Better
Claiming at 70: Larger monthly checks, potentially higher lifetime benefits, but possibly less time or ability to enjoy them.
Claiming at 62: Smaller payments, but more years to spend and enjoy them, especially if your health or lifestyle favors an earlier start.
It’s not just about the math—it’s about what those dollars let you do with your life.
Keep the Big Picture in Mind
Of course, you shouldn’t rush to claim benefits at 62 without a plan. Early filing could reduce survivor benefits for a spouse or leave you struggling financially in your later years.
Instead, think about the whole picture of your retirement:
Will claiming early allow you to retire comfortably and still cover your needs in your 70s and 80s?
Will delaying benefits give you security later, even if it means fewer opportunities to enjoy the money now?
How do your health, family situation, and lifestyle goals fit into the decision?
The right choice isn’t just about maximizing numbers—it’s about maximizing happiness and security.
At the end of the day, Social Security is a tool meant to help you live your best retirement. Bigger checks are nice, but they don’t guarantee a better life. The smartest move is the one that balances financial security with the ability to enjoy your retirement years.
So instead of focusing only on when you’ll get the most money, ask yourself: When will this money make the biggest difference in my life?
