The Absolute Number 1 Reason to Claim Social Security at 65

Core Insights - Social Security plays a crucial role in retirement planning, with the decision of when to retire significantly impacting financial outcomes [1][3] - Retiring at 65 offers immediate financial support for healthcare costs, especially for those with health limitations, despite the potential for higher monthly benefits by delaying [1][5] - Health issues can reduce earning capacity and increase healthcare expenses, making early retirement a more viable option for some individuals [3][4][5] Summary by Categories Retirement Age Considerations - Individuals can retire anytime after age 62, with the full retirement age varying based on birth year, typically around 67 for many [1] - Claiming Social Security at 65 provides essential income to manage healthcare costs and reduced earning capacity [1][3] Health Impact on Retirement - Chronic health conditions can significantly limit physical capabilities, affecting job performance and income generation [5] - The assumption that delaying benefits will lead to higher payouts may not hold true for those with chronic health issues, as they may not live long enough to benefit from the delay [3][5] Financial Implications - Early retirement at 65 can be a strategic choice for those facing health challenges, providing necessary financial support without the reliance on continued work [6]