Every week or two I read about what someone should do regarding collecting Social Security. Take it early, wait until full retirement, or wait even longer for a 30-percent bump. Motley Fool:
The massive financial gain you may expect from waiting until age 70 to start collecting Social Security is mostly an illusion. Your monthly check will be bigger, but you’ll be collecting far fewer checks in your lifetime.
Although most analysis of Social Security benefits assumes that you’ll value the money you receive early in retirement only slightly more than the benefits you’ll get years down the line, many people expect to get the most out of retirement in the years from 62 to 70.
In other words, it depends.