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The Impact of Deferring Social Security Benefits

The Motley Fool’s Katie Brockman provides a review of the financial benefit–in terms of monthly payments–resulting from delaying one’s Social Security benefits until age 70, citing the “advantage” that accrues in the form of 8% delayed retirement credits each year. Her 96% headline refers to the fact that only 4% of filers opt to defer benefits to maximize their monthly payout, while her post accurately points out that filing earlier than that is a correct strategy for some. Read her post here… 


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