Will Delaying Your Social Security Benefits Claim Pay Off for You? Here's How to Find Out
If you want a bigger Social Security benefit, there's a surefire way to get it. You become eligible for benefits starting at age 62. But if you wait to claim your retirement payments, the amount you get each month increases. In fact, you can continue to raise your benefit amount until age 70, at which point your payments won't get any bigger, even if you put off claiming for longer.
Getting more money each month can be great for retirees, but since doing so means delaying the start of your checks, you'll want to try to be sure waiting is going to pay off in the end. Here's how you can do that.
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Source Fool.com
