Your Social Security Benefit Will Be Bigger if You Claim It at 70, But Here Are Reasons You Shouldn't Wait

·3 min read
Your Social Security Benefit Will Be Bigger if You Claim It at 70, But Here Are Reasons You Shouldn't Wait

Waiting until the age of 70 to claim retirement benefits will give you the largest possible monthly payment from the Social Security Administration. Putting off Social Security until 70 undoubtedly means your monthly payment could be a lot higher than if you claimed it early. You can claim benefits at 62, but FRA is between age 66 and four months and age 67.

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