Delaying Social Security Until 70? Why You Could Lose Out on Income
When you're trying to decide on the right age to claim Social Security, chances are good that you'll see a lot of experts advising you to wait until 70 to start your benefits. And this advice has merit, as most people end up a little better off by waiting.
But, putting off your benefits claim for so long isn't always the right approach. In fact, it could cost you thousands of dollars in missed income. You don't want to lose out, so it's crucial you understand when a delay is likely to leave you with less and how to make the best claiming choice for your situation.
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Source Fool.com
