The pros and cons of claiming Social Security at 70 - The Motley Fool
You can file for Social Security benefits as early as age 62 or delay your filing all the way until 70. Filing for your benefits early will shrink them on a permanent basis, while delaying will result in a permanent boost. Although delaying your benefits to 70 to receive a higher monthly benefit is tempting, according to Social Security Administration, less than four percent of seniors file for benefits at that age. So, why aren’t more seniors signing up for Social Security at 70? What are the pros and cons of filing at age 70? In Maurie Backman’s article for the Motley Fool, she explores this issue, wondering if claiming Social Security at 70 is a mistake. Read Ms. Backman’s article here…
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