Affording Retirement
The most common advice when it comes to collecting Social Security is to wait until the age of 70 to start collecting benefits. By doing this you are ensuring that you get the maximum monthly payments. However, most cannot afford to wait this long and need to take benefits sooner. In order to wait until 70 you have to have a way to support yourself by either working well past Full Retirement Age or already having sufficient retirement savings. For more information visit this article by Teresa Tritch with The New York Times.
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