To claim, or not to claim Social Security at 70 – That is the question
The base amount of your Social Security benefit is computed from your 35 highest earning work years, but that base amount (known as your “Primary Insurance Amount”) can be either cut or increased, depending upon the age at which you claim benefits. Since it seems like 70 today is the new 60, many more people are considering waiting until age 70 to lay claim to that benefit they’ve worked their whole life to earn. But, is waiting until you reach age 70 the wisest choice for you? Well, this Motley Fool article by Maurie Backman will give you some tips on how to decide what your own best age is to start your benefits. Click here to read more.