Have Serious Health Issues? Consider This Social Security Move
There may come a point when you rely heavily on Social Security to pay your bills. So you may be motivated to snag the highest possible monthly benefit you're entitled to during retirement. This especially holds true if you're nearing retirement without much in the way of personal savings.
Scoring the highest possible benefit could mean waiting until at least full retirement age (FRA) to claim your benefits so you don't subject yourself to the reduction that comes with filing early. You may even push yourself to delay your filing beyond FRA. For each year you do, up until the age of 70, your benefits will grow 8%.
While it makes sense that you'd want to score the highest monthly benefit you're eligible for, if your health is in really poor shape going into retirement, you may want to consider going another route -- filing for benefits as early as possible.
Source Fool.com