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    1. Claiming Social Security at 70 Makes Perfect Sense in These 3 Scenarios

      Claiming Social Security at 70 Makes Perfect Sense in These 3 Scenarios

      Social Security benefits can begin as early as age 62, or at any point thereafter. There is, however, quite the incentive to wait to claim your payout. For each year an individual holds off on claiming their benefit, their eventual payout grows by 8%, up until age 70. All things being equal (i.e., work history, income history, and birth year), a person claiming at age 70 could net a 76% higher monthly payout than someone claiming at age 62.

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      Mentions: retirement
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