Kevin Lum, CFP®

📊 Did you know only 10% of retirees plan on delaying Social Security benefits until age 70?

That statistic surprised me.

Here's why it matters:

✅ Delaying benefits until 70 can increase your monthly payout by up to 32%

✅ For many, this strategy maximizes lifetime benefits and provides a hedge against longevity risk and inflation.

✅ It can significantly boost survivor benefits for a spouse

But delaying isn't always the best choice. Consider claiming earlier if:

↳ You have health concerns or a family history of shorter lifespans
↳ You want to enable a higher-earning spouse to delay their benefits

→ What factors are you considering in your Social Security claiming decision?

1 week ago | [YT] | 17