You'll Definitely Regret Delaying Social Security Until 70 If This Happens
Delaying your claim for Social Security until the age of 70 is often the right financial move. Many financial experts agree it makes sense to wait to get benefits because delaying maximizes monthly income. And for around 60% of seniors, claiming at 70 would also mean getting more lifetime benefits as well as higher checks each month.
But while this may be sound advice for most people, it's not necessarily the right advice for every retiree.
In fact, depending on your situation, starting your benefits at 70 could end up leaving you faced with a financial disaster that could've been avoided had you just claimed benefits earlier. You definitely don't want that to happen, so watch out for this one big red flag that suggests claiming Social Security at 70 could be a huge mistake.
Source Fool.com
