High Earner? Here's Exactly How Much Extra You Can Expect From Social Security if You Delay Your Claim
It can be really hard to know when you should claim your first Social Security check. After all, there's an eight year window of time from age 62 to age 70 when you can begin payments. And the longer you delay beyond 62, the higher your benefits grow but the more payments you forgo early on.
While the right approach depends on many factors, one thing is clear: the data demonstrates delayed claims pay off for most people. In fact, one recent study shows just how much waiting can pay for high earners.
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Source Fool.com
