4 Reasons to Claim Social Security at 70
Waiting until 70 means giving up years of benefits, but there are some very good reasons to make the sacrifice.
Overview
You can claim Social Security at 62, but many people should wait until 70 instead. Giving up eight years of income seems like a major sacrifice, and, indeed, it can be -- especially if you don't have a lot of extra retirement savings and need to work longer because you delay your retirement benefits.
Still, there is a big payoff for most people if you delay. In fact, here are four key reasons a claim at 70 just makes good sense for many retirees.
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Originally published at www.fool.com.
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