There's a Good Chance You Shouldn't Wait to Claim Social Security at Age 70
Most personal finance experts agree that delaying your Social Security benefits until they max out at age 70 is the smart move for most people.
There's just one problem with blanket advice like that: Personal finance is personal. And while the majority of people might be better off by waiting to claim their Social Security benefits, there's still a good chance you shouldn't wait so long.
The data backs that up. A 2019 study from United Income found 57% of adults will maximize their chances of affording retirement by waiting until age 70 to claim their Social Security benefits. That's a clear majority. But it also means there's a 43% chance any given person will do better by claiming before their 70th birthday, despite the reduction to their monthly payout.
Source Fool.com
