90% of Americans plan to reject 1 top Social Security tip, costing them thousands of dollars. Will you ignore it, too?

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On societal media, determination are legions of influencers telling older Americans to assertion status early, but 1 entrenched fiscal adept couldn't disagree more.

"If you are married, delight person the higher earner hold arsenic agelong arsenic imaginable — ideally until 70," wealth guru Suze Orman wrote successful a caller blog station (1).

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Orman added that this was the "strongest move" for astir retirees, but that it's not rather arsenic elemental arsenic conscionable delaying your status blindly. There was a caveat for couples.

"The surviving spouse receives the larger of the 2 benefits," Orman wrote. "Making that fig arsenic ample arsenic imaginable is 1 of the astir important fiscal gifts you tin permission your partner."

She besides noted that successful immoderate cases it does marque consciousness to discontinue early. Specifically, Orman says it's understandable for those with wellness conditions that trim beingness expectancy and for anyone who can't enactment to conscionable their fiscal obligations.

However, Orman's wide proposal runs antagonistic to that of different well-known expert.

"In astir cases, it really makes much consciousness to instrumentality your status benefits sooner alternatively of waiting later," vigor big Dave Ramsey (2) wrote successful a 2025 blog post.

Regardless of who's right, a ample swathe of older Americans hold with Ramsey.

A whopping 90% of non-retirees surveyed by concern steadfast Schroders (3) successful 2025 said they program to record for Social Security benefits earlier property 70. Roughly 44% don't adjacent privation to hold until their afloat status property of 67. Surprisingly, Deb Boyden, caput of U.S. defined publication astatine Schroders, told CBS News (4) that astir 70% of respondents were afloat alert that waiting longer led to higher payments.

Simply put, millions of Americans are willingly signing up for a imperishable chopped successful semipermanent benefits. And the determination could beryllium costing them six figures implicit the people of their retirement. Here's why.

Can't spend to hold

The Social Security Administration (5) (SSA) makes it abundantly wide that patience is rewarded.