Collecting Social Security at age 70 is the holy grail of retirement planning. It's the milestone that financial planners and wealth advisors urge you to strive for if you want the biggest paycheck possible.
Yet, claiming Social Security at 70 isn't that popular. According to Social Security Administration data, only around 10% of recipients actually wait until that age to collect. For some, health issues get in the way of waiting. Others don't trust that the system will remain solvent. Others need the money now, or prefer to spend it while they are young enough to enjoy it.
