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Delaying benefits until age 70: Some bad reasons to do it
As most people know, delaying benefits past one’s Social Security full retirement age can yield some pretty significant financial benefits, especially waiting until age 70 when your Social Security can reach its maximum amount – as much as 32% more than at your full retirement age. The lure of those extra hundreds of dollars in your Social Security paycheck can be pretty enticing, but it’s a decision you should approach carefully because there are several reasons why waiting until age 70 is not such a good idea. As Selena Maranjian explains in this madison.com article, there are at least 3 awful reasons to wait until you are 70 to apply for benefits. Click here to read more.