1)Single 60 year old male.
2) Never married.
3)Parents dead.
4)No dependents in the past nor likely in the future.
5) Estimated monthly social security payment at 66 $1718.
6) Estimated monthly social security payment at 62 $1232.
7) Currently receive a $637 monthly payment for life with no adjustments for inflation.
8) Have not worked a full-time job nor much part time work since age of 48(2004).
9) $500,000 in savings with 80% in tax deferred accounts.
10) Estimated age of death 95.

Is the best plan to take a monthly check at full retirement age of 66+?

Hi,

If you live until age 95, you'll receive much more in total Social Security benefits by waiting until age 70 to file. Your monthly benefit will be close to 30% higher at that time than if you file at full retirement age.

Best, Jerry