Delaying Social Security benefits past full retirement age can lead to a larger monthly payment, but may not always be the best financial decision due to longevity risk. Estimating a breakeven age can help determine when delaying benefits becomes advantageous, factoring in investment returns and opportunity cost. Working with a financial advisor for a personalized approach is key to maximizing retirement income.

Read more at Yahoo Finance: Here’s why you ought to seriously consider taking Social Security at 62. Even if the ‘basic’ math suggests otherwise