When Should You Start Social Security Benefits? It Depends

The answers to these five questions can help you determine when it’s a good time to file for Social Security. The timing is different for everyone.

An older couple laugh as they wash dishes together in their kitchen.
(Image credit: Getty Images)

“Joe, I enjoyed your workshop, but you have to stop using the word ‘depends’ when you’re talking to a bunch of old folks!”

This was the response I got from a gentleman in the crowd after giving a presentation on Social Security. I shared during the talk that there isn’t one best time to start Social Security benefits — and the right time for each individual depends on many factors.

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Joe F. Schmitz Jr., CFP®, ChFC®
Founder and CEO, Peak Retirement Planning

As Founder and CEO of Peak Retirement Planning, Inc., Joe Schmitz Jr. has built a comprehensive retirement planning company focused on helping clients grow and preserve their wealth. Under Joe’s leadership, a team of experienced financial advisers use tax-efficient strategies, investment management, income planning and proactive health care planning to help clients feel confident in their financial future — and the legacy they leave behind. Joe has also written a book, titled I HATE TAXES. You can find Joe on YouTube by clicking here, where he creates educational videos for those in or near retirement. If you would like to talk to Joe’s team, you can schedule a meeting by clicking here.