Here's Why I Plan to Take Social Security at 70
If the COVID-19 pandemic has driven anything home, it's that we can't be sure what's around the corner. For retirees and near-retirees who have just seen the value of their savings plummet, a Social Security check that keeps coming through good times and bad is a reassuring thought. But you shouldn't rush into anything.
You can begin Social Security as early as 62, but your checks get larger the longer you wait to sign up until you reach the maximum benefit at 70. I'm a long way off from retirement, but right now, I'm aiming for that maximum benefit. It's not the right choice for everyone, but it's an option you should definitely weigh. Here are a few reasons I'm waiting until 70.
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Source Fool.com
