There are many issues to consider in addition to expected age of death of you and your spouse.
I could not adequately describe our plan and all of the issues that went into selecting our planned ages for beginning SS in a post.
It is definitely a detailed planning exercise. One needs to include personal risks in that planning exercise (financial ,legal, health, etc). It is amazing what concerns surface when one asks them self a simple question: "what might go wrong?" The answers can be a little frightening when one realizes there are so many pitfalls.
Since we have imperfect information, I tend to look at the problem more from a "limit our risk" POV rather than hoping to "maximizing our total return" from SS.
For retirement income, I tend to hope for the best, but plan for the worst.
Since that time is still a few years off, our plan could change depending on our situation in the future. Our current plan is for my wife to take SS early at 62 and I will take my SS late at 70. The reason is whichever one of us survives the other will have access to the larger check. We have reason enough to believe one of us might live long enough to make delaying one SS a smart move. Plus in a worst case financial situation (e.g., we lost everything)... SS will still be there and it is adjusted for inflation.
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