The Best Reason to Take Social Security Long Before Age 70
If you wait until 70 to take Social Security benefits, you will get a monthly check that's substantially bigger than if you claimed it earlier. You could increase your standard benefit by as much as 24%, with hundreds of extra dollars in your bank account each month.
Despite this, however, you might not want to put off the start of your retirement checks because there's a very good reason it may not pay off in the end.
Image source: Getty Images.
Source Fool.com
