How do I keep coordinating Social Security and pension income from crowding out my other financial goals?

For this planning decision, social Security timing should be coordinated with the household's other guaranteed income, health, longevity expectations, taxes, employment plans, and survivor protection. As part of the financial analysis, spending investments while delaying Social Security can make sense in some plans, but the tax impact and the value of liquidity should be modeled before committing. The choice should be evaluated against the family's objectives, time horizon, taxes, cash requirements, and ability to tolerate risk, so review the numbers together rather than one decision at a time.