Are You Really Ready to Start Collecting Social Security? 3 Signs It Might Be the Perfect Time
The Motley Fool
by newsfeedback@fool.com (Stefon Walters)February 22, 2026
AI-Generated Deep Dive Summary
When it comes to retirement planning, one of the most critical decisions you’ll face is when to start collecting Social Security benefits. This decision can have a lasting impact on the amount you receive and your overall financial stability in retirement. While there’s no universal answer about the perfect time to claim, evaluating certain factors can help you make an informed choice.
One key consideration is your financial readiness. If you’re still working or have other income sources that will carry you through retirement, delaying Social Security may allow you to receive higher monthly benefits down the line. On the other hand, if you need immediate income to cover expenses, starting earlier could be more practical. It’s also important to assess your health and life expectancy—longer life spans might make it worth waiting to maximize payouts.
Additionally, market conditions can play a role in timing your claim. If the economy is strong and investments are performing well, you may feel more secure delaying Social Security while relying on other assets for income. Conversely, during uncertain times, claiming benefits could provide a steady source of funds regardless of market fluctuations.
Ultimately, this decision requires careful evaluation of your personal finances, health, and long-term goals. Consulting with financial advisors or using Social Security’s tools can help you weigh the pros and cons of different claiming strategies. Understanding these factors not only helps you make the right choice but also ensures a more secure and comfortable retirement.
Verticals
financeinvesting
Originally published on The Motley Fool on 2/22/2026