Preparing for retirement involves more than saving money. You also need to understand how much you can withdraw safely each year and how much you can expect from other sources, like Social Security. In the latter case, there's a range of possible answers. It all depends on when you sign up for benefits.

If you want to squeeze as much money as possible out of the program, you need to weigh all your options carefully. The chart below should help you decide the optimal age for you to apply.

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Source Fool.com