A Growing Number of Retirees Are Claiming Social Security at 70. Here's Why.
One of the most impactful decisions on your retirement finances is the age at which you claim Social Security.
Most people become eligible for retirement benefits starting at age 62. But claiming as soon as possible comes with the drawback of a reduced benefit. To get the biggest check possible from Social Security, most retirees have to wait until 70 to claim. And more and more seniors have decided it's worth the wait.
The percentage of seniors waiting until 70 to start collecting benefits has climbed dramatically since the start of this century. There's a clear reason, and it should become an even more attractive option over the next few years.
Source Fool.com
