Why only 8% wait until age 70 - The Motley Fool
You can start receiving your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits only when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to age 70, your benefit amount will increase. The majority of financial experts recommend that people wait until age 70 to maximize their Social Security benefits. However, how many individuals wait until age 70 to file for their Social Security benefits? A recent survey found that only eight percent of eligible individuals wait until 70 to file. Why such a low number? Dana George, writing for The Motley Fool, explains why most people have no intention of following this Social Security advice. Read Ms. George’s article here…
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