I'm 62, never-married & childless. My annuity & pension will provide quite comfortably past age 100. I planned to wait till 70 to start Social Security, then use it to fund a nest egg to leave my nieces and nephews. Would starting SS earlier & investing it be a better strategy? Many thanks for your time and expertise!

Hi,

Larry strongly believes that it's better to wait until age 70 to start your benefits. To read his thoughts on the idea of filing early and investing the benefits as opposed to waiting until age 70, see his answer to 'John Notch' in the following column: http://www.pbs.org/newshour/making-sense/wait-until-70-to-take-social-s/.

Best, Jerry