Here's Why I Plan to Take Social Security at 70
70 is the new 50, right? That could be a good thing or a bad thing, depending on your perspective. I'm taking the optimistic view that involves delaying old age, and Social Security, for as long as possible.
I can't exactly control the aging process, but I can choose when to claim my Social Security benefits. The timing is important, because when you claim helps determine the monthly benefit you receive. You can claim as early as age 62 or as late as 70. There's also a major milestone within that range called full retirement age (FRA), based on the year you were born. I was born in 1972, which means my FRA is 67.
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Source Fool.com
