Deferring your Social Security benefits can yield a significant advantage. See this post in The Wall Street Journal by Carolyn T. Geer to see a way to maximize this government funded annuity :

http://online.wsj.com/article/SB10001424052702303342104579097183009704484.html

The risky part of this is having to fund part of retirement with your IRA or 401K while you wait for social security benefits to accumulate. You should probably do some planning before deciding whether to wait taking benefits, as each person’s situation is different.

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