Look through this "LENS" when making Social Security decisions

Your Social Security benefits can be an important part of your retirement income strategy. But when should you start taking these payments?

You can begin accepting Social Security as early as 62, but your monthly checks will be much smaller than if you wait until your “full retirement age,” which will likely be between 66 or 67. And these monthly payments will get even bigger if you wait until age 70, at which point they “max out.” So, should you take your Social Security as early as possible and hope that the smaller monthly payments will be justified by the extra years of receivin...