Not Sure If You Should Claim Social Security at 70? Try to Imagine What It Might Actually Do for You.
One of the trickiest retirement-related decisions you might have to make is figuring out when to sign up for Social Security. Your monthly benefit, based on your wage history, is yours in full if you file for it at full retirement age (FRA). That age is 66, 67, or somewhere in between, depending on your year of birth.
You can also sign up for Social Security ahead of FRA, and the earliest age to do so is 62. But for each month you file before reaching FRA, those monthly payments will be reduced permanently.
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Source Fool.com
