If you want to get the biggest Social Security check possible, you'll likely have to wait until you turn 70 years old. The program rewards participants who wait to start collecting their benefits by offering them up to 8% for each year they delay past their full retirement age. Benefits top out at 70, and more often than not, waiting until that age to claim maximizes someone's lifetime income from Social Security.

But delaying benefits until 70 comes with some serious costs too. And sometimes, it doesn't make sense to wait that long at all. Here's the unfortunate truth about claiming Social Security at age 70.

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Source Fool.com