Claiming Social Security at 70 Could Benefit You -- Except in This 1 Scenario
Many seniors rely on Social Security as an important source of income. And chances are, you'll do the same. That's why you may be motivated to do whatever you can to snag the highest benefit possible.
The monthly benefit you're entitled to in retirement will hinge on your personal earnings history. But the age at which you claim Social Security will also dictate what your monthly benefit looks like. You're entitled to your full monthly benefit based on your earnings record at full retirement age, or FRA, which kicks in at 66, 67, or somewhere in between, depending on your year of birth.
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Source Fool.com
