Social Security at 70: When the Math Does and Doesn't Work
Delaying benefits can pay off -- but not always.
Overview
A lot of people rush into Social Security at 62 because it's the soonest those retirement benefits become available. And it's easy to see why filing as early as possible is appealing.
But if you want the Social Security checks you're entitled to based on your personal earnings history, you'll need to wait until full retirement age arrives to sign up. Full retirement age is 67 for anyone born in 1960 or later.
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Details
Source
Originally published at www.fool.com.
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