Preparing for retirement usually means answering a lot of questions. How much will I need saved? What will my expenses look like? What kind of lifestyle am I hoping to enjoy?

There are plenty of factors that vary from person to person, but one of the most pressing for many people is when they're going to claim Social Security benefits.

If you're blessed to have a nice retirement nest egg, Social Security will be a nice-to-have supplemental retirement income source. For most Americans, though, this isn't the case. Social Security plays a major role in many people's finances during retirement, so the timing of one's claim is a huge decision.

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Source Fool.com