And indeed if you do have withdrawal savings, you will want to be strategic about taking your benefits in a way that is optimal for you.

You Shouldn't Rely on Social Security To Fund Your Whole Retirement

You can start to collect Social Security benefits at age 62, but it may pay off for you to stay

the quantum you admit will be larger than if you start entering your benefits ahead, but this does not mean this is always the stylish option.

When deciding when to collect Social Security, it's important to understand what you will admit at what age.

It's important to understand how the Social Security Administration calculates your benefit amount.

Thompson said it's important to understand how benefits are calculated when you're the surviving partner.

Still, you may need to acclimate your withdrawal plans depending on how the gap in backing will be bridged.