Social Security: 3 Great Reasons to File for Benefits at 70
Countless older Americans rely on Social Security to stay afloat financially in retirement. But the age at which you enroll can impact your overall payout, and the extent to which this crucial program benefits you and your family. With that in mind, here are a few reasons to consider filing for Social Security as late as 70.
Your Social Security benefits are calculated based on how much you earned during your top 35 working years. The age at which you first take those benefits, however, can cause them to go down, increase, or stay the same.
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Source: Fool.com
