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GOBankingRates
GOBankingRates
Laura Bogart

I’m a Retirement Planner: Here’s Why Delaying Social Security Until 70 Could Cost You Money

If you’re even casually thinking about your retirement plans, you’ve probably been bombarded with a common piece of advice: Wait until age 70 to claim your Social Security benefits. On paper, it sounds like a good idea since you’ll receive the highest possible monthly benefit. However, the best-laid plans that seem terrific on paper can sometimes fall flat in real life — depending on your circumstances. And delaying your Social Security benefits is no exception.

For You: Here’s How Much You Need To Retire With a $100K Lifestyle

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