Turning 62
First, you have to decide how long you are going to live [emoji4]. Only slightly kidding. If there is longevity in your family, and you don't need the money, wait until age 70. It's not only that there's an 8% increase for each year you wait; it's that it's 8% more plus COLA for the increased amount. I am not going to debate about the chances of SS being taxed more or adjusted. I have no idea how that will shake out. I will say that none of the proposals I am familiar with affect people currently age 55 and over. DH will take his at 70. I am 8 years younger than he is. I will take 50% of his at age 66 and then switch to mine at age 70, if that strategy continues to be allowed.
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