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Is it better to take Social Security early or use savings? Here’s how to decide

According to the Social Security Administration, one out of every three 65-year-olds today will live until at least age 90, and one out of seven will live to at least age 95. This growing longevity makes the choice of whether to take Social Security early or use savings a complex and crucial decision for securing a comfortable, long retirement. Your choice directly impacts your monthly income, the longevity of your nest egg, and your overall financial security.