Delaying Social Security can have both positive and negative effects on your retirement. Positively, by delaying your benefits, you can increase the amount you receive each month when you do start collecting. This can be particularly beneficial if you expect to live longer than average. On the other hand, negatively, if you need the income and can't afford to wait, deferring Social Security may not be a viable option. Additionally, the decision to defer should be considered in the context of your overall retirement plan, including other sources of income and potential investment returns. It's important to weigh the trade-offs and consider factors such as your health, life expectancy, and financial situation. Seeking advice from a financial planner or retirement specialist can help you make an informed decision that aligns with your specific circumstances.