Is There Really a Downside to Claiming Social Security at 70?
Many seniors sign up for Social Security at 62 since it's the earliest possible age to claim benefits. Going that route means reducing your monthly benefit for life.
On the other hand, if you delay your Social Security filing until age 70, you'll score the maximum monthly benefit you're eligible for based on your earnings history. That's a pretty sweet deal -- so much so that you may be wondering if there's any downside to signing up at 70.
The quick answer? There could be.
Source Fool.com
