3 Reasons Claiming Social Security at 70 Could Be a Mistake
As you're preparing for retirement, one of the most important questions to ask yourself is what age you want to begin claiming Social Security benefits.
The earliest you can file is age 62, but for every month you wait beyond that age to claim, you'll receive slightly larger checks. By waiting until age 70, you'll collect your full benefit amount plus up to 32% extra each month for the rest of your life.
Delaying benefits until age 70 may seem like the wise choice to make the most of your money. However, there are a few reasons why waiting that long might not be the best decision.
Source Fool.com
