Some experts predict the annual cost of living adjustment or #COLA for next year’s Social Security benefit could top 10%. For the average beneficiary, that would translate to about a $175 monthly benefit increase, according to The Senior Citizens League.

That has a lot of retirees and pre-retirees wondering if they should live off investments and delay claiming Social Security benefits, or instead, start taking those benefits sooner. But determining the most "financially optimal" time to collect, as @John with @SecurusFinancial explains to @erinkennedy, is going to be different for every retiree and every family. That's why John recommends a thoughtful conversation that considers many variables including life expectancy, health, other sources of income, and tax implications.

Determining the best time to claim Social Security is something we specialize in at Securus Financial. Please reach out for a complimentary consultation by calling (858) 935-6210 or by visiting www.GoSecurus.com