The Best Reason To Take Social Security Long Before 70
There are a lot of reasons to start taking Social Security long before you turn 70, but the best reason, without a doubt, is time. The average life expectancy of a person in the United States is 78.6 years. Obviously, few of us are precisely average -- some will live far longer than that, others will die sooner. But the point is that we don't know how much time we'll have on this Earth. Filing for Social Security when you're younger increases the amount of time that you'll get to benefit from it.
Whether you're 22 or 84, more time is not guaranteed, so there's something to be said for enjoying life while you can. People in their early 60s are, on the whole, more likely to be in better health than those in their early 70s, and that means a greater ability do the things you want to do with your free time in retirement. How much time do you want to spend traveling? How much more time would you like to spend golfing? Maybe seeing family?
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Source Fool.com
