Preparing for Social Security – A 7-Point Checklist

Think you may finally be ready to collect Social Security retirement benefits? Don't neglect any of these steps.
Written by Ollie Geiger
Financial Expert
mm
Managing Editor
twitter facebook

Do you remember your first paycheck? If you looked closely at the stub, you may have observed — perhaps grudgingly — that the government had withheld some of your pay for something called Social Security.

It probably seemed it would be an eternity before you’d see that money again.

But now here you are, wondering whether it’s finally time to claim your Social Security retirement benefits. Choosing when to begin drawing Social Security can be a complex decision, as there are many variables that can impact the amount of money you receive over your retirement. An ill-considered move could cost you thousands.

While it’s challenging to select the right time to start collecting, it can be all too easy to choose the wrong time. If you answer “no” to any of the questions on the following checklist before applying for your benefits, you may be doing just that.

About Author
Ollie Geiger
Ollie Geiger is a skilled freelance writer specializing in financial technology and consumer banking. With a sharp understanding of the evolving landscape of fintech, Ollie consistently provides insights that empower readers to navigate the dynamic world of finance. His dedication to shedding light on the latest trends and innovations positions him as a valuable voice at MoneyRates.
Our reviews are unbiased and thorough, focusing on consumer needs. For details, see our Editorial Policy & Methodology.