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Should you wait until 70 to collect Social Security?
Social Security benefits can be started anytime between age 62 and 70. If you start earlier than your full retirement age, your benefit will be reduced, but if you wait until later your benefit will be larger, up to age 70 when it could be as much as 32% higher. By far the majority of recipients start their benefits early, but there are some situations where it makes a lot of sense to wait until you are 70 and collect the maximum benefit you can. This Motley Fool article by Brian Stoffel discusses three situations where waiting until age 70 might very well be the best option for you. Click here to read more.
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