United State of America has a program called Social Security which is used for many thing, But in this case how does social security benefits works better at age 62 or Older. Must go to the website: https://www.ssa.gov/benefits/retirement/estimator.html

Is it better to claim Social Security retirement benefits as early as possible (age 62), or to wait until full retirement age or later? How do each of the following factors affect the Social Security payout date decision?

Risk Tolerance - Investments.

Longevity.

Desire for Current Funds.

Tax Bracket.

Financial Literacy

list and explain seven basic financial literacy principles.

Will Evaluation

List and describe , eight factors for which a legally recognized will should be evaluated.