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Maybe You Shouldn’t Wait Until Age 70 to Claim Social Security - WFMZ.TV 69 News
Sure, waiting until you are 70 years old to claim Social Security will mean a monthly benefit up to 77% more than it would be at age 62. But the reality is that many people, for a variety of reasons, do not have the luxury of delaying their Social Security benefits in order to maximize it. Life is filled with uncertainties and your financial status, as well as your health and life expectancy should be considered before deciding when to claim. And, sometimes, claiming Social Security early can provide the ability to enjoy travel or otherwise fulfill your bucket list. Point is, everyone’s situation is different, so don’t get hung up on a goal to maximize your Social Security benefit. There are plenty of good reasons to claim benefits earlier, as discussed in this WFMZ-TV article by Robin Hartill. Click here to read more.