When Is the Best Time to Claim Social Security?

Dear Rusty: I will be 64 in May of this year, and I’d like to know the best time to claim Social Security.

Signed: Anxious to Retire

Dear Anxious: First, please understand that there is no one “best time” to claim your Social Security benefit, because when you should claim depends upon several factors, such as:

• Your current health

• Your life expectancy

• Your immediate financial need

• Whether you ar…