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The Risk of Claiming Social Security at 70

Achieving the highest possible monthly Social Security benefit possible means waiting until age 70 to claim. This is because benefits compound at 8% annually between 67 and 70. But one must consider all the lost checks not collected from 62 to 70 in any calculation. Maurie Backman explains the risk and notes a higher monthly benefit does NOT necessarily mean a higher lifetime benefit. Full article here.

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