The Best Reason to Take Social Security Long Before Age 70

Ideally, retirement is one of the best times of someone's life. After decades of working, they can spend their time traveling, picking up new hobbies, spending extra time with family, or whatever their heart desires.

Despite how liberating retirement can be, it also comes with important decisions. One of those decisions is when to claim Social Security, which permanently affects your monthly benefit. Although your full retirement age (FRA) determines when you're eligible to receive your full benefit (called the primary insurance amount), you can choose to claim sooner, reducing your monthly benefit, or delay past FRA to increase your benefit.

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Source Fool.com