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Does it pay to delay taking your Social Security Benefits? - USAToday
The current retirement age for anyone born in 1960 or later is 67 years old. The reduction for taking your benefit at age 62 is 30%. If you delay taking your benefits until age 70, your benefit will increase by 76%!
If you are still working, in good health, and have a long life expectancy, you may want to consider delaying taking your Social Security benefits until age 70. If you or your surviving spouse is going to be heavily dependent on your Social Security benefit, you may want to give delaying your benefit some serious consideration.
Not everyone can do this, as it depends largely on your life expectancy. You don’t have to wait until you’re 70 to claim your benefit. You can change your mind at any time and receive the full increase through the date you claim them. Just don’t delay beyond age 70. To read the full article by Kailey Hagen, click here …
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