3 Drawbacks of Claiming Social Security at 70
Whether you realize it or not, Social Security plays a very important role in helping seniors make ends meet during retirement. According to an October survey from national pollster Gallup, 90% of seniors lean on their guaranteed payout to some degree each month, with 57% of survey takers noting that it's a "major" source of income.
Long story short, what you receive from Social Security each month can have a notable impact on your financial health -- and this all starts with deciding when to begin taking your payout.
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Source Fool.com
