Here's the Average Increase in Social Security Benefits for Delaying Until Age 70
Some readers may already know that to maximize their monthly Social Security benefits check, they need to wait until age 70. That can be a long wait for many retirees, but if you can hold out, it's often worth it.
While you can claim Social Security starting at age 62, retirees who wait until age 70 typically end up maximizing their benefits throughout their retirement. That's thanks in no small part to those bigger monthly checks.
The increase in Social Security benefits for the average retiree who waits until age 70 is quite substantial. To understand why, you need to know the factors determining your monthly benefit and what the average retiree receives for delaying until age 70.
Source Fool.com
