Dave Ramsey’s Social Security Timing: Why 62 May Beat 70

Dave Ramsey argues that claiming Social Security at 62 can build more wealth over a lifetime than waiting until 70, citing longevity risk and the value of investing early benefits. He notes that delaying to 70 only pays off if you live long enough to offset years without benefits, and for many retirees the opportunity cost of waiting or using other income sources could yield higher total retirement income. Ultimately, the best filing age is a personal decision based on health, savings, and goals.