Claiming Social Security at 70? You May Need to Rethink That
Many financial experts recommend waiting until the age of 70 to claim Social Security, and with good reason. Delaying increases your monthly income and gives you a good chance to earn the maximum lifetime benefits -- although whether that happens or not depends when you hit your break-even point.
Unfortunately, if you're planning to claim Social Security at 70, there's a very real chance you may need to rethink that. Here are a few reasons why this plan may not be a practical one.
Source Fool.com
