90% of Americans May Be Making a Big Social Security Mistake

Here's an alarming statistic: Only 10% of pre-retirees in America plan to wait until age 70 to claim their Social Security benefits, per the 2023 Schroders U.S. Retirement Survey. It's alarming because the longer you wait to start collecting Social Security (up to age 70), the bigger your benefits will be.

It can sometimes make sense to claim your benefits early, but it's generally better to delay. Here's a closer look at this vital decision.

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Source Fool.com