Is Claiming Social Security at 70 a Mistake?

Maurie Backman, The Motley Fool
·3 min read
Is Claiming Social Security at 70 a Mistake?

Filing for benefits early will shrink them on a permanent basis, while delaying your filing will result in a permanent boost. It's for this reason that you may be tempted to sign up for Social Security at age 70. First, the upside: Claiming Social Security at age 70 will leave you with a higher monthly benefit than what you'd get by claiming on time.