Be Careful Claiming Social Security at 70. The Math Won't Always Work Out in Your Favor.
It's not always a financially sound choice.
Overview
Signing up for Social Security is one of the most important retirement decisions you might make. While your monthly benefit is based on your personal wage history, your filing age also plays a role in how much money Social Security pays you.
Your retirement benefit is yours without a reduction at full retirement age, which is 67 if you were born in 1960 or later. But you can claim Social Security as early as age 62 or delay your claim past full retirement age for boosted checks.
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Details
Source
Originally published at www.fool.com.
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