The Best Reason to Take Social Security Long Before Age 70
Social Security plays a vital role in the financial well-being of older Americans. That makes the decision of when to start claiming your Social Security benefits extremely important, because it'll have a permanent impact on your financial future. In general, the longer you wait, the bigger your payments will be once you start getting them.
Everybody likes big Social Security checks, so you'll find plenty of people advising you to wait as long as possible before you claim your benefits. With certain types of Social Security benefits, waiting until age 70 is the best way to get the maximum-sized monthly check possible. However, that's not the case for all Social Security benefits. In some cases, you'll be far better served by taking your Social Security years before you turn age 70 -- even if you're looking to get the biggest checks you can.
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Source Fool.com
