What Every 70-Year-Old Should Know About Social Security
If you are 70, you've reached the latest age when you can increase your Social Security checks.
Overview
Social Security retirement benefits are an important source of income for many. You become eligible for them at 62, but many people wait to start collecting. There are good reasons for that, including the fact that delaying your benefits claim can increase your monthly payment and future survivor benefits.
However, once you turn 70, things change, and you must understand the new rules that are in effect because the decisions you make could have a huge impact on your retirement income. Here are a few key things you need to know about Social Security at 70.
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Source
Originally published at www.fool.com.
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