The Best Reason to Take Social Security Long Before Age 70
When you're deciding when to leave the working world, you need to think about how Social Security benefits fit into your retirement plans.
These benefits are designed to replace around 40% of pre-retirement income and are vital for most Americans who are no longer getting a paycheck. But the benefits you receive are profoundly affected by the age at which you first claim them, and many people don't make the most strategic choice.
While some experts recommend waiting until age 70 to start claiming Social Security checks, this isn't the right choice for everyone. In fact, there's one really good reason to claim your benefits long before that milestone.
Source Fool.com