3. Put Off Collecting Social Security
You can claim benefits as early as age 62, but if you wait until at least age 70, your monthly check could be nearly twice as much.
For example, if your benefit at the current full retirement age of 66 is $1,000, but you opt to claim at 62, it would be reduced to $750. If instead you wait until age 70, it would be $1,320, a nice increase. Yet less than 2 percent of men — and only 3 percent of women — wait that long to claim their benefit.
If you are healthy and able to work, put in a few more years on the job to increase your earnings and delay taking Social Security benefits.